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Ontario's new housing rules seem to have had some effect.
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The Toronto Real Estate Board's latest stats didn't do much to calm the nerves of hesitant homebuyers. Surging listings and double-digit sales declines have a tendency to do that. But, prospective purchasers, this may be the perfect window of opportunity for you to be out there looking for your next home.
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The average sales price of a home in Canada reached $548,517 in March, up 8.2 per cent in a year.
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Half the money circulating through Vancouver's housing market has vanished.
Vancouver's boom is over, but a supply shortage could keep prices up.
Interest rates are low, employment is high.
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This could be bad news for Canadian mortgage payers.
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Kathleen Wynne promises a "small change," not radical reforms.
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They'll hurt resales. They'll only wound prices.
"Uncertainty" in the market amid new mortgage rules.
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House prices have fallen 5.6 per cent in two months.
Housing activity in Toronto and Vancouver continues to skew the Canadian home sales picture, as these two markets experience characteristics that are very different from the rest of the country.
The average price of a house in Canada passed the $500,000 mark for the first time in February, according to data from the Canadian Real Estate Association (CREA). The average price of $503,057 was up...
The rush ahead of new mortgage rules will continue until the summer, NBF says.