Real Estate Prices Up 9.6% in Canada

Latest data from the Canadian Real Estate Association shows average residential real estate prices in Canada increased by 9.6% year on year in June and sales activity increased by 11% compared to a year earlier. However national home sales decreased slightly from the previous month, down by 0.8% in June compared to May. According to

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Canadian Property Sales Increase for Third Consecutive Month

Figures from the Canadian Real State Association show home sales throughout Canada increased in April for the third consecutive month. Sales rose by 2.3% from March to April and sales activity was up 10% on levels year ago, although this figure is not seasonally adjusted. The Canadian Real Estate Association home price index increased by

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Canadian Real Estate More Attractive to Foreign Investors

Real estate in Canada is already expensive in property hotspots like Vancouver and Toronto, but it’s thought there could be an increase in foreign investment this year. Over the last six months the loonie has fallen about 10% against the US dollar and this is likely to increase interest from foreigners. While some major markets

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Canadian Real Estate Sales Increased in August

The latest index from the Canadian Real Estate Association shows sales of residential property in Canada rose by 2.8% in August compared to July. Sales activity in August was 11.1% more than levels reported for August last year, with figures in line with the 10 year average. Sales increased year on year in approximately two

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Canadian Real Estate Market Stronger Than Expected

According to recent data, the Canadian real estate market has performed surprisingly strongly compared to a year earlier, and prices have increased more than anticipated. In fact just recently there were concerns that the housing market could be in trouble, but seasonally adjusted sales have exceeded their 10 year average. The article in the Globe

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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.

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.

Growing Worries over Sub-Prime Mortgages in Canada

The large Canadian banks have always lent responsibly, and even now are tightening lending conditions, but this doesn’t appear to be the case with Canada’s growing sub-prime mortgage industry.

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

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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.

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