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Canada s housing figures for April less stratospheric than they appear

Article content April’s soaring real estate sales are not as impressive as they appear across most major Canadians cities, including Calgary, a new report suggests. RBC Economics recently published its new Focus on Canadian Housing report examining last month’s stratospheric resales figures finding a range of growth, year over year, from 140 per cent to 462 per cent. We apologize, but this video has failed to load. Try refreshing your browser, or Canada’s housing figures for April less stratospheric than they appear: RBC report  Back to video Yet its author, senior economist Robert Hogue, points out the numbers are misleading because real estate sales in April last year all but seized across Canada, including in Calgary.

Toronto Affordable Housing Challenge FINAL registration deadline in 2 DAYS!

Toronto Affordable Housing Challenge FINAL registration deadline in 2 DAYS! By Sponsor| Toronto Affordable Housing Challenge FINAL registration deadline in 2 days! Toronto is among the ten most expensive major housing markets in the world, and housing prices are predicted to rise again in 2020 by almost 10%, according to the Toronto Regional Real Estate Board.      The reason housing prices in Toronto are so disproportionate to household incomes is mainly due to a lack of supply. Between 2016 and 2019, more than 325,000 jobs were added to the Greater Toronto Area, while only 102,000 new homes were constructed, and only 2% of those new homes were classed as affordable.  And while the Bank of Canada has kept interest rates artificially low in an effort to encourage easier access to loans and mortgages, this only tackles the demand side of the problem. Therefore, Bee Breeders in partnership with ARCHHIVE BOOKS are looking to tackle the supply side of the city’s affordable

Toronto s condo market heats up

Article content Buyers coming to the condo market expecting to snag a deal this spring are going to be disappointed. That’s according to John Pasalis, president of Realosophy Realty. “It’s become very competitive,” he says. “People who are thinking they are just going to go in and buy something for $30,000 under asking are going to be really surprised. That’s not the market today; that was the market in October.” We apologize, but this video has failed to load. Try refreshing your browser, or Toronto s condo market heats up Back to video Slowly rising interest rates may add some volatility, but the vaccine rollout – and its promise of an eventual end to the pandemic – is fuelling optimism among condo investors. So are rising house prices in the suburbs.

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