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How British Columbia’s housing demand is shaping up

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Soaring sales activity in Metro Vancouver, combined with unprecedented housing demand in the outskirts of several urban markets, continue to drive a white-hot pace of housing transactions in British Columbia, according to the province’s foremost real estate professionals’ group. by Ephraim Vecina 18 Mar 2021 The British Columbia Real Estate Association (BCREA) reported a total of 10,918 [&hellip…

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$1 million barrier smashed in Toronto

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The average price of a home sold in Toronto breached CA$1 million for the first time in February, with gains accelerating in the suburbs around Canada’s largest city. Prices in the Toronto region shot up 14.9% from the year before to CA$1.05 million as bidding wars broke out on properties that came up for sale, [&hellip…

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Eighteen Canadian real estate markets with average prices below the national benchmark

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While housing affordability is an increasingly fantastical concept for many Canadians, a new Zoocasa report has highlighted the markets where the average home price remains below the national benchmark of $621,515. Analyzing the latest data from the Canadian Real Estate Association, Zoocasa noted that the national average home price grew by 23% annually in January. Of the [&hellip…

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