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Canadian housing market ‘gone berserk’

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Bidding wars resulting in deals for six figures over asking have become routine The pandemic helped make Canada one of the world’s hottest real estate markets. With a portfolio of more than 100 houses, that meant a windfall for Brady McDonald. “My net worth has obviously gone up a lot, just based on what’s happened this year, [&hellip…

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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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