Canada's big housing markets in 'Goldilocks moment': Royal LePage
The company expected house prices and sales in Regina to remain flat for the rest of the year.
“We are seeing more and more people move to the Kitchener, Waterloo and Cambridge region who have workplace flexibility and only commute to Toronto a few days a week,” Church said in a press release.The data also shows that the region may have been moving toward a more balanced market by the end of the quarter, Church said.
Montreal real estate: House prices reach a new high
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Survey says home prices are way up in Halifax
Housing market having â€˜Goldilocks momentâ€™: report
The aggregate price of a home in Halifax increased 5.5 per cent year-over-year in the third quarter of 2017, rising to $320,405, according to the Royal LePage House Price Survey released Thursday.
Condo prices in Regina struggle according to Royal Lepage
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Average cost of a condo in Metro Vancouver is now $622392
Is Canada's housing market too hot?
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Condo prices are up, detached home prices are down: Royal LePage
Canadian housing having 'Goldilocks' moment: Royal LePage
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Ryalls said the shortage of condos is being made worse by cautious homeowners uncertain about trading up the property ladder.
‘Anger, betrayal’: Sears staff speak out about demise of the company and their jobsIn short, it’s not so big a leap anymore from a condo to a townhome to a detached home – which is good news if you already own a condo and are looking to upgrade.“Uneven regional economic growth has plagued Canada for much of the past decade, a challenge most evident in the nation’s housing markets,” said Royal LePage CEO Phil Soper.
Despite the rise in prices, the “Canadian housing market is enjoying a Goldilocks moment – not too hot, and not too cold,” says Phil Soper, president and CEO, Royal LePage in a release. “For the first time since 2011, we are seeing real estate in all five of our largest cities appreciate at a manageable, healthy clip.”Read: CMHC could make it easier for entrepreneurs to get mortgage insurance
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“Toronto home prices are much lower than those we see in Vancouver, and the overall size of the market is considerably larger”, he said.
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Jon Johnson, former adviser to Canadian government during NAFTA negotiations, on the latest talksHe says condo prices in Metro Vancouver are up 17.6% year-over-year, with the average condo price now approximately $620,000.
The report, released Thursday, revealed prices in the Greater Toronto Area, Greater Vancouver, and Greater Montreal Area, Calgary, and Ottawa all rose at rates between 1.5 and 3.5 per cent on a quarter-over-quarter basis.
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For the first time in six years, Royal LePage says the national housing market has stepped back from overheated territory and is now enjoying a “Goldilocks moment”, where the market is both not too hot and not too cold.
“Halifax is in a balanced market,” Matt Honsberger, managing associate broker, Royal LePage Atlantic, said in a news release.Oct 13 2017 Bernie Sanders speaking gig at Women’s Convention draws mixed reactions The event’s organizers issued a statement Wednesday following the heavy backlash present on social media over Sanders. Some suggested that women should boycott the convention and its organizers.
Broken down, the numbers show the aggregate price of a home increased 5.5 per cent to $320,405, while the median price of a two-storey home increased 6.2 per cent to $340,204.