Clients want to buy property in Vancouver? Confirm they can afford it.
This year, commodity prices, economic growth and the Canadian dollar have gone south while housing prices have continued to rise, pulling the Bank of Canada in opposite policy directions, says Canadian Business.
If homes in Toronto and Vancouver become more expensive, the chances of a harder correction go up. That's because demand will fade as many buyers get priced out of the market.
Canada's hottest real estate markets will see prices and sales stabilize, as rates go up slowly next year.
Construction firms broke ground on more apartment complexes in September, pushing up the pace of U.S. homebuilding.
National home sales activity rose nearly 1% from July to August 2014.
The majority (82.9%) of condos are occupied by principal residents.
Average house prices reached $413,000 in June.
Canadian home prices remain overvalued.
Between 2015 and 2025, millennials will create demand for 24 million new homes in the U.S.