What will happen next with Canada house prices? With the rate of homebuying in Canada cooling in recent weeks and house prices having declined nationally for two consecutive months, there’s been much conversation around the questions of whether bidding wars will die down and prices will continue moderating. While some believe that the federal government’s [&hellip…
Newly built Canadian homes are rising faster in price than at any time in more than three decades. by Bloomberg 19 Mar 2021 by Erik Hertzberg Prices rose 1.9% in February from the previous month, according to data released Thursday by Statistics Canada, the fastest one-month increase since 1989. The data confirm that the country’s housing markets are running [&hellip…
The average home price in Canada surpassed $600,000 for the first time ever in September and home sales jumped nearly 46% compared to a year ago. But, beneath the headline-grabbing details from the Canadian Real Estate Association’s latest housing report, there were some underlying signs of cooling. But first, here’s a rundown of September’s stats: [&hellip…
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