Average Home Price A Whopping $816,720.00
The value of Canadian real estate increased again in February, with the average home price selling at $816,720. That figure is up 51% compared to pre-pandemic markets.
March 16, 2022
Tag: Real Estate
Home Price making Records in December
As of December, The Canadian Real Estate Association’s House Price Index was up 26% year-over-year, setting a new record.
January 18, 2022
Canadians are keeping their purchasing power expectations in check – BoC
Amid continuing pandemic impacts, consumer expectations for wage growth and overall purchasing power remain moderate, according to the Bank of Canada.
This is de…
October 21, 2021
Weak GDP, Unaffordable Housing and the Bank of Canada Decision
Weaker-than-expected economic data may have thrown a splash of cold water on Canada’s current economic recovery, but isn’t likely to figure into the Bank of Canada’s…
September 7, 2021
Housing Market Risks are Easing: RBC
After reaching overheated territory earlier this year, risks to the country’s housing market are now easing as prices and activity moderate…
September 1, 2021
Home Prices Mark Fourth Consecutive Monthly Decline From March Peak
Real estate activity and home prices across Canada continue to retreat from their March peak, but record-low inventories are keeping many local markets “extremely…
August 16, 2021
Housing Market Moderates in May, but Prices Forecast to Rise 19.3% this Year
Home sales and prices continued to moderate in May, easing from March’s peak. But with ongoing tight supply and high demand, prices are expected to remain elevated…
June 15, 2021
Canadian Home Prices Take a Breather in April. Will it Last?
After months of record-setting gains, home sales and prices took a breather in April compared to March’s results. Annual gains, meanwhile, were skewed due to last…
May 17, 2021
Latest in Mortgage News: House Price Growth to Cool by End of Year: TD
TD Bank is forecasting that home prices have further to rise yet before finally starting to lose steam by the end of the year…
April 30, 2021
Canadian Home Prices Set New Record High in January. Should We Be Worried?
It should come as no surprise that home prices continued their upward trajectory in January, setting a new all-time record.
The average price reached $621,525, a 22.8% year-over-year (not seasonally adjusted) gain from a year earlier, reported th…
February 17, 2021