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Tag Archives: Price

Canada home prices rising at fastest rate in three decades

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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…

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Home Prices Up 17% in September, But Some Signs of Cooling Emerge

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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New study shows how local development processes increase Canadian home prices

On September 22, the Canadian Home Builders’ Association released its first-ever Municipal Benchmarking Study, an examination of how local development processes, including approvals and charges, impact housing affordability in 23 Canadian housing markets. “This report is intended to support the important conversation with all orders of government on a major challenge to housing affordability and the efficient [&hellip…

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