The price of a home in Canada increased 13.3%, year-over-year, to $628,411 in Q3.
There were 214,821 housing units built in September 2017, compared to 220,573 units in August 2017.
Canadian data releases next week focus on housing, with September housing starts published on Tuesday, and the new house price index (August) published on Thursday. The latter provides “input into replacement costs captured in CPI for a housing market connection to inflation,” says Derek Holt, vice-president and head of capital markets economics at Scotiabank, in […]
If your clients are looking for a home, there’s a good chance they need your help. That’s because almost all Canadian homebuyers (97%) say they wish they’d factored in their other financial obligations when determining the mortgage they could afford, reveals a TD survey. Read: What first-time homebuyers want from their advisors More than half […]
A first-time homebuyer shares her experience, and how it could have been better
A new report says the real estate boom in Ontario and British Columbia has been a boon for housing-related jobs, but a home-price correction won’t trigger a major bust for the labour markets in those provinces. DBRS says in a report today that the hot housing markets in B.C. and Ontario boosted job growth over […]
Your client might need to see the hard numbers
A look at today's home price and home sales data
Preliminary data on foreign buyers inconclusive
The aggregate price of a home in Canada increased 13.8% in Q2 from a year earlier, reaching $609,144, Royal LePage says in the latest release of its national house price composite data. The data, compiled from proprietary property information from 53 of the nation’s largest real estate markets, showed continued expansion in the largest metropolitan […]