OTTAWA -- Resale prices for Canadian homes rose for a sixth consecutive month in October -- and were up on an annual basis for the first time in nearly a year -- as the country’s real estate market continued to recover from recessionary lows, according to a report released Wednesday.
The Teranet-National Bank resale house price index of major markets increased 1.27% during the month from Sept ...
It is the dominant form of housing under construction in urban centres across the country. But smart design and effective use of space cannot compensate for the fact that the condominium is simply too small for families. The typical unit is a one-bedroom and averages about 600 square feet.
According to Canada Mortgage and Housing Corp., multi-family units made up half of the 117,500 units con ...
OTTAWA - The federal government is ready to clamp down further on mortgage rules if the boom in the Canadian housing market turns into a bubble, says Finance Minister Jim Mr. Flaherty.
In an exclusive interview with Canwest News Service and Global National, Mr. Flaherty said the government is closely monitoring the red-hot housing market for signs that it is reaching "irrational" levels.
"T ...
VANCOUVER - When Bob Stark bid on a loft apartment in a trendy Vancouver neighborhood in June this year, he wasn’t expecting competition.
House prices in the traditionally expensive West Coast city had dipped because of the recession and a friend had recently bought a house nearby for a good price.
The first showing of the 1,150-square-foot water-view apartment opened at 2 p.m. on a Tuesday a ...
The rebound in the housing sector has been a critical element of Canada's recovery from recession but economists expect it start having an even bigger impact next spring as builders catch up to the surge in demand.
"Housing starts have not come close to where they were in the fall of 2008 but they are definitely rebounding so as home builders start to crank up again they of course buy a lot ...
Flash forward 12 months. The Canadian Real Estate Association said Tuesday existing-home sales in November were up 73% from a year ago and prices rose 19% during the same period. The fear now i ...
Vancouver led the Canadian housing market in November existing home sales with a 252-per-cent year-to-year surge.
Victoria (+116 per cent), Toronto (+105 per cent) and Calgary (+67 per cent) followed close behind as Canada as a whole saw a 73-per-cent increase in existing home sales, according to the Canadian Real Estate Association.
Prices were also led last month by Vancouver's 22-per-c ...
OTTAWA — Canadian home sales jumped 73 per cent in November from a year earlier as the real estate market continued to recover from the economic downturn.
The Canadian Real Estate Association said Tuesday that 36,383 residential properties were sold last month, with Ontario and Quebec setting sales records for November.
"The current strength of housing demand stands in sharp contrast to weak ...
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