The Canadian real estate market defied gravity last year in spite of a global pandemic and nationwide lockdowns. The year ended with the seasonally adjusted MLS Home Price Index up 13% year-over-year with the average house price surpassing the $600,000 mark. “It’s official, despite all the challenges, 2020 was a record year for Canadian resale [&hellip…
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Housing markets across Canada have grown exponentially more expensive over the last 10 years, placing homeowners under an increasing amount of financial pressure. A new study from Point2Homes has revealed where the nation’s homeowners are facing the greatest levels of housing unaffordability. According to Point2Homes, the share of income needed to afford a home has [&hellip…
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Housing activity in the Prairies reached multi-year highs in 2020, but observers like RBC Senior Economist Robert Hogue have warned that economic challenges will continue to weigh on the market well into 2021. For perspective, data from the Canadian Real Estate Association indicated that national home sales experienced a 12.6% annual gain last year, reaching a total [&hellip…
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