Canadians Upbeat about Real Estate Market

The percentage of Canadians predicting house prices will continue to rise in their neighborhoods was above 40% for the fifth week, according to a recent poll reported in the Financial Post. This shows consumer confidence is at its highest level for four years. Confidence has improved due to the real estate market accelerating during the

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Condos Seen As More Affordable Option in Vancouver, Canada

According to the annual TD Canada Trust Condo Poll, those wishing to live in Vancouver, one of Canada’s most expensive real estate markets, are choosing to buy condos. Nearly two thirds (62%) say their main reason for purchasing a condo is that it’s more affordable than a house.

TD Bank Warns Canadian House Prices Are Overvalued by up to 15%

The Toronto-Dominion Bank, the second largest bank in Canada is worried Canadian house prices are overvalued by between 10% and 15%, and its chief economist thinks the government should be taking measures to slow down lending growth.

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