The average price of a Canadian resale home rose 9.5 per cent in the 12 months ending in April, 2015 and now stands at $448,862, according to the Canadian Real Estate Association. The national realtors group said Thursday that in addition to strong price gains, the was a much higher volume of houses sold, […]
Archives for October 6, 2015
House prices may stay high in Canada here is why
In the face of a series of recent reports of houses selling for hundreds of thousands of dollars over their asking prices, I thought it a good time to look at why all the gloom-mongers have been wrong, and why they may still be wrong. At least for a while yet. Average house price in Canada up […]
Toronto Home Sales On Pace for Record Year in 2015
Toronto’s real estate board has reported a record number of house and condo sales in July and says the Greater Toronto Area (GTA) is on pace to set a new record for home sales this year in 2015. Almost 9,900 homes changed hands in the GTA last month, up eight per cent from the same […]
Canada’s Luxury Home Market Running Hot And Cold
Canada’s luxury home market is either hot or cold — depending on where you live. A biannual study of luxury homes — those worth more than $1 million — in four of Canada’s largest cities found two very different results. While luxury real estate is going gangbusters in the markets of Toronto and Vancouver, million-dollar home sales in Calgary […]
Canada, USA and 10 Countries Reached Tentative Trans-Pacific Partnership Trade Deal
Twelve nations, including Canada, have reached a tentative deal on a massive Pacific Rim trading bloc billed as the largest-ever deal of its kind, with implications for hundreds of millions of people, hundreds of products and industries, and for long-term relationships between countries on four continents. “With this agreement, the largest economic partnership in […]