Average Canadian Prices Declined by 2% in July, Dragged down by Vancouver



The national average home price in Canada declined by 2% in July compared to July 2011, due to price falls in Vancouver, as most markets saw slight increases. Figures from the Canadian Real Estate Association showed the average price for a Canadian home sold in July 2012 was $353,147.

Fears of Real Estate Bubble in Vancouver Are Apparently Overrated



There has been a lot in the news recently about the possibility of a real estate bubble in the Canadian housing market, with Finance Minister Jim Flaherty warning that Canadians are taking on too much debt and that they could face problems once interest rates begin to rise.

Average Canadian Home Costs Slightly More Than a Year Ago



A report in the Globe and Mail shows the average Canadian home now costs slightly more than a year ago, at $375,810. According to figures from the Canadian Real Estate Association, prices are 0.9% higher than a year ago.

Will the Humble ‘HemLoft’ Survive?



A tree house in Canada recently hit the headlines, as its builder finally decided to share its existence with a well-known design magazine. Whether or not this was a good idea is somewhat debatable.

BMO and the CREA Recommend House Hunters Plan Ahead



With the spring house hunting season just around the corner, BMO Bank of Montréal and The Canadian Real Estate Association are recommending house hunters plan ahead. One of the first things to sort out is a mortgage, and a BMO mortgage specialist can visit you at work or home to help guide you through the […]

Chinese Interest in Canadian Real Estate Is Still Strong



Apparently Chinese investors are just as interested in purchasing Canadian real estate, with Toronto and Vancouver still forecast to be top of their list. According to a new report from Colliers International real estate services, around 20% to 40% of investors in these cities are from the Chinese mainland. Vancouver remains a perennial favorite, especially […]

CREA Says Canadian Real Estate Prices Could Increase by up to 9.3% This Year



The Canadian Real Estate Association thinks residential property prices could increase by as much as 9.3% this year due to a strong domestic economy and continued interest from international buyers.

Canadian Real Estate Benefits From US Federal Reserve Policy



Although the Canadian property market was affected by the global financial crisis, house prices didn’t crash, and have now resumed their steady decade-long climb. With US interest rates at a 60 year historic low, the bank of Canada has been forced to keep its interest rates at an even lower level. When you combine these […]

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