House prices in Canada have fallen by 10% due to the COVID-19 induced lockdown, data from the Canadian Real Estate Association shows.
The average home price in Canada is $488,203, 10% lower than the $539,724 recorded in February.
Canada’s smallest province remains one of its most affordable, despite a shortage of inventory exacerbated by the pandemic.
In Canada’s largest metro area, the housing market is struggling to keep pace with a growing population and rising prices.
Property prices in key cities across the world increased by 3.5% on average in the second quarter of 2019, led by annual growth of 25% in Xi’an in Chine, the latest international index shows.
Munich tops list of cities most in danger of property bubble. Hong Kong and London less risky as prices fall: UBS report.
The residential sector saw higher intentions for the multi-family component, while the commercial component of the non-residential sector also saw an increase.
Residential property sales increased by 3.5% month on month in July and are now up 12.6% compared to the same month in 2018, the latest national real estate index shows.
With a stable economy and little foreign demand, Manitoba’s cottage country is an affordable haven for nature lovers.
Growth in Toronto-area home sales outpaced an increase in new listings in July, as potential buyers adjusted to stricter mortgage rules that came into effect in 2018, the Toronto Real Estate Board said in a release on Tuesday.
British Columbia has doubled height limits allowed for timber towers – and countries around the world are following suit
Opt in here