Toronto Is Fast Becoming As Pricey As Vancouver

According to a recent article in CBC.ca, the Toronto real estate market is fast becoming as unaffordable as Vancouver. The article assessed a study by the Royal Bank of Canada, as its third-quarter affordability index showed 63.7% of

Economist Predicts Vancouver, Toronto Price Corrections of 30%

An economist from Capital Economics is predicting that property prices in Vancouver and Toronto could fall by as much as 30%. However this is the same economist who predicted prices would drop by 25% in these same cities in 2011. That price drop has yet to materialize but it hasn’t stopped David Madani from making

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Fitch Forecasts Price Correction for Canadian Housing Market

Fitch ratings agency believes price increases in the Canadian real estate market could be coming to an end. It has forecast that property is about 20% overvalued with variations according to the region and thinks a correction will soon happen. In spite of this, the agency is not expecting a price collapse. Instead, it thinks

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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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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.

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