Tag: Real estate

Average house price fell 1.8 per cent to $481,745, CREA says

Source: The Canadian Press, April 15, 2019  OTTAWA – The Canadian Real Estate Association says home sales in March fell compared with a year ago while the average sale price also moved lower. The association says sales through the Multiple Listing Service fell 4.6 per cent compared with a year ago to their lowest level… Continue reading Average house price fell 1.8 per cent to $481,745, CREA says

Canadian home sales fall in February, average price down; CREA updates outlook

Source: The Canadian Press, March 15, 2019  OTTAWA — The Canadian Real Estate Association says home sales in February fell compared with a year ago and the average selling price also moved lower. The association says sales last month were down 4.4 per cent compared with February of 2018. On a month-over-month basis, national home sales in… Continue reading Canadian home sales fall in February, average price down; CREA updates outlook

Canada’s commercial real estate market sets another record in 2017: report

Source: The Canadian Press, CTV News, February 27, 2018  TORONTO — The Canadian commercial real estate market set another record for investments in 2017 and was one of only four countries in the world to do so, according to a new report from CBRE Ltd. The report said there were more than $43.1 billion in investments… Continue reading Canada’s commercial real estate market sets another record in 2017: report

Census: Home ownership plunges as young Canadians opt to rent

Source: Jordan Press, The Canadian Press, October 25, 2017  OTTAWA — Not everyone wants to own a home these days, Evan Siddall concedes — not even his own millennial-age son. For the head of the Canada Mortgage and Housing Corp., that’s really saying something. But Siddall’s experience is far from uncommon, the latest census figures… Continue reading Census: Home ownership plunges as young Canadians opt to rent

Average Canadian home cost rises 9.5% to $474,590 in September

By CBC News, October 14, 2016  Hot markets in Toronto, Vancouver continue to push up prices The average price of a Canadian home increased by 9.5 per cent to $474,590 in September compared to the same month last year. The Canadian Real Estate Association said home sales had declined for four straight months until inching up by 0.8 per… Continue reading Average Canadian home cost rises 9.5% to $474,590 in September

Ontario will need to implement foreign buyer tax on housing, CIBC says

By CBC News, September 20, 2016  Province will have ‘little choice’ but to tax foreign buyers, Benjamin Tal says A prominent economist says that Ontario will have little choice but to implement a tax on foreign house buyers, similar to the 15 per cent surcharge recently slapped on home purchases in Vancouver. In a recent note… Continue reading Ontario will need to implement foreign buyer tax on housing, CIBC says

Home prices rise in Regina, decline in Saskatoon

By CTV News, September 15, 2016  Home prices rose in Regina and dipped in Saskatoon last month compared to a year earlier, according to statistics released Thursday by the Canadian Real Estate Association. The report shows home prices in Regina climbed 3.7 per cent year-over-year to $294,300. Saskatoon saw prices decline 0.9 per cent in… Continue reading Home prices rise in Regina, decline in Saskatoon

Vancouver is Canada's first 'city of millionaires' says study

By Mike Laaneia, CBC News, September 6, 2016  But slowdown in Metro Vancouver’s real estate market could put that millionaire status in jeopardy Rising real estate values have pushed the average net worth of Metro Vancouver households up over $1 million, making it Canada’s first “city of millionaires,” according to a study. The Environics Analytics study… Continue reading Vancouver is Canada's first 'city of millionaires' says study

Could Montreal's real estate market be the next target for foreign investors?

By Benjamin Shingler, CBC News, August 4, 2016  15% tax on foreign buyers in Vancouver triggers speculation in other cities A new tax on foreign buyers in Vancouver has real estate agents predicting a spillover effect into other Canadian markets. But it’s unclear if Montreal, often an outlier when it comes to real estate trends,… Continue reading Could Montreal's real estate market be the next target for foreign investors?