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RealNet Canada Inc released its data for Toronto in January a few weeks ago, and what it suggests is both good and bad.
The news is good because sales for new high-rise condos were 1,017 in January 2010. This was the best January the industry has seen since 2005. However, low-rise homes didn’t fare as well. [...]
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Even as experts argue that the country is experiencing a housing bubble, there are still some markets in the country that are wondering where all of this talk is coming from.
For instance, in Windsor, Ontario, there are three-bedroom houses going for as low as $30,000. (Across the river in Detroit, it is even cheaper. That [...]
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The Toronto Real Estate Board (TREB) released its figures for January recently, and overall they paint a very positive picture.
Sales are up 87% from a year before, with 4,986 homes exchanging hands in January 2010. This is comparison to January 2009, when only 2,670 sales were completed.
The president of the board, Tom Lebour, said, “The [...]
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Yesterday, I noted that Vancouver is the most unaffordable of Canadian cities, according to the Frontier Centre for Public Policy. However, I also pointed out that this is likely due to its economic vitality.
As if to add support for my point, the Conference Board of Canada’s Metropolitan Outlook for Winter 2010 came out today. [...]
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The Frontier Centre for Public Policy released some interesting statistics about Canada’s housing market yesterday.
According to their data, Vancouver is the most unaffordable market for homes in Canada, and it also more unaffordable than every other market in the English-speaking world. It ranked even higher than New York and London.
The group determines affordability by dividing [...]
