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Friday, October 28th, 2016

Toronto home prices still growing, with more gains to come

A lukewarm summer didn’t cool off Toronto’s red hot housing market which remains in sellers’ territory, according to the city’s realtors. The average price of a home in the country’s largest market continued to rise, reaching $546,303 for the region — an 8.9% increase from a year ago. In the much sought-after detached home segment […]

Single-family homes for under $400,000 drying up in Calgary

Move over Toronto and Vancouver, Calgary’s condominium sector is red hot. The oilpatch set a new record for condominium resale activity for the month of August with a 14% increase in sales from a year ago. Townhouse sales were even stronger with a 20% jump from a year ago. Meanwhile, single-family home sales declined during […]

Mortgage rate drop means housing more affordable RBC study finds Vancouver and Toronto still the least affordable

Housing across Canada became more affordable in the second quarter of this year because mortgage rates dropped, according to a report from RBC. Even with prices moving higher, homes became more affordable in nearly every market across Canada, according to RBC’s Housing Trends and Affordability Report. The least affordable markets were Toronto and Vancouver, where […]

Even economists say they continue to be surprised by Canada’s housing market – Consult with a Vancouver Mortgage Broker

Record low interest rates have have forced Toronto-Dominion Bank to boost its forecast for the Canadian housing sector. 5 questions to help you decide whether to rent or buy a home Economist Diana Petramala said in an economic report that TD’s forecast in January was banking on an increase in interest rates that has not […]

Toronto tops for speedy home sales: How does your city measure up? – Consult with a Vancouver Mortgage Broker

Calgary might have the hottest housing market in the country right now, and Vancouver’s might be the priciest, but Toronto is tops when it comes to the speed with which homes are selling. The homes that sold in the Toronto area last month were on the market for an average of 20 days. Homes that […]

Canada’s million-dollar housing markets: Look out Vancouver, Toronto’s moving in – Ask a Vancouver Mortgage Broker

May 16, 2014 by  
Filed under Recent News

Toronto is on the verge of becoming the second Canadian city where the average price of a detached home hits the $1-million mark. “We went over that mark a few years ago in Vancouver and now we are going to hit it in Toronto. It’s not inexpensive to own a house in the city of […]

Toronto home prices jump 10% in April from a year ago as single-family home listings in short supply – Consult with a Vancouver Mortgage Broker

Garry Marr | Prices in Canada’s largest housing market show no sign of letting up, driven by a strong demand for single-family homes in Toronto’s core. The Toronto Real Estate Board said Tuesday that the average sale price of a home in the Greater Toronto Area climbed another 10.1% from a year ago and reached $524,868. […]

Get ready for house prices to continue to rise in Toronto- Ask a Vancouver Mortgage Broker

It’s only two weeks of data, but the Toronto Real Estate Board is reporting the first 14 days of February saw existing home prices continue to rise. Safe as houses? Canadians think their homes will fund their retirement Almost a quarter of Canadians say they are planning on using their home as their primary source […]

In Canada’s housing market here’s what $500 K buys: A lake in Edmonton … a condo in Toronto – Consult with a Vancouver Mortgage Broker

The Canadian Real Estate Association has predicted that the national average price for a home will be $391,000 this year. But it’s hard to compare how far your buck will go in Canadian cities using that figure, since the average prices at year’s end are so very different: $785,574 in Vancouver and $320,693 in Montreal, […]

With Vancouver prices up, a call for curbs – Ask a Vancouver Mortgage Broker

Along with a jump in house sales, house prices in Vancouver have risen sharply and will likely continue to climb in the new year, pushing some frustrated house hunters to call for curbs on the foreign buyers they blame for stoking the rapid ramping up of housing values. B.C.’s real estate market powered through third-quarter […]

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