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“Our ... concern now is that the housing bubble will burst before the year is out."
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Global comparison puts Canadian home affordability in perspective.
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If you've made a windfall profit, take it and run. If you're leveraged up to the pits and speculating on big gains, bail. If you're within a few years of retirement with most of your net worth in four walls, suck it out. If you cannot afford to see your equity peeled back by a third or more, and stay that way for years, then retreat. If you listened to Mom and bought a condo with diddly down, get out.
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OTTAWA — Statistics Canada says its new housing price index gained 0.7 per cent in May, its largest monthly increase since July 2007. The agency says the rise was mainly driven by higher new housing p...
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Some surprising places top this list.
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Prices aren't spiking everywhere. Good news?
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Trump’s “risky economic policies” could hurt the U.S. economy, forcing the country’s interest rates to stay low for longer.
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It's June and school will soon be out for the summer. What better time to teach your kids about... real estate? Why? There's actually more than 500,000 reasons to do so. The number is really 508,097 -- as in dollars, the average price of a home in Canada as of April 2016, according to the Canadian Real Estate Association. This represents a 13.1-per-cent year-over-year price gain. We need to educate our kids about the realities of property ownership before it overwhelms them.
In Vancouver, you need 3.5 condos to trade for a single house.
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Affordability in Toronto is at a quarter-century low.
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Owners can be forgiven for thinking they’ve won a real estate lottery.
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Average house price hits $506,567.
Toronto and Vancouver have all the jobs, and all the house price growth.
A Cooper Mini Clubman will get you five bedrooms in oilsands 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.
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We have good news, home shoppers: Five million dollars will still get you a luxury property in Canada. For now. Next year, who knows. It might just be the going price for a bungalow on Vancouver’s wes...
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It all comes down to supply and demand.
Excluding Ontario and B.C., house prices in Canada are actually falling.
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On the other hand, it's an ideal time for Americans to buy Canadian property.
Many Canadians are opening up their January credit card statements, reeling from the holiday hangover and newly acquired debt they racked up last month. It sure adds up quickly: gifts, some travel, a few nice dinners over the holidays. What would happen if credit card interest rates doubled? How many of us would fall behind in our credit card payments? It sounds horrible but rest assured it is unlikely. But it is far more likely to happen with our mortgage rates. Could you afford your home in 2016 if interest rates rise?
The prices keep climbing while the supply dwindles.
Outside of Toronto and Vancouver, things are pretty flat in the housing market.
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Smaller homes in infill developments are becoming an alternative to condo towers.
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Struggling Calgary will be hit harder than overheating Vancouver.
Canadian house prices would drop 26 per cent on average if oil fell to $35 a barrel and stayed there for five years, says the CEO of Canada Mortgage and Housing Corp. Evan Siddall made the comment at...
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Nobel Prize-winning economist Joseph Stiglitz is urging Canada to levy a “very progressive tax” on property in order to combat growing inequality caused by soaring house prices. “If you have a $50-mil...
Double-digit house price gains may be great for boomers whose retirement looms, but for younger generations, they are becoming an impediment to starting a family. Some 56 per cent of respondents in a...
OTTAWA — Canadian home sales grew in October as demand remained strong in the red-hot real estate markets in Vancouver and the Greater Toronto Area. The Canadian Real Estate Association said Monday th...
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'Two housing markets' in Canada Toronto, Vancouver see nearly 10% price gain Housing bubble? Canada can handle it, Ben Bernanke says House prices are soaring in Toronto, Vancouver and Hamilton, but...
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You’ve heard it before: Canadian housing is in a bubble, and a price crash is headed our way. It’s been said enough times in the past six years or so that it seems safe to discount the warning altoget...
Ratings agency Moody's and magazine The Economist are sounding the alarm about rising consumer debt loads in Canada and some housing markets that are significantly overvalued. Moody's economist Paul...