Price of Metro Vancouver condos surge, detached homes drop: survey

Price of Metro Vancouver condos surge, detached homes drop: survey
Halifax home prices rise
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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

“On the condo side, we just entered a balanced market. That almost seemed impossible just a year ago” due to a level of inventory that was expected to last for multiple years, he said.

Housing market having ‘Goldilocks moment’: 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

Select Location BC Calgary Durham Edmonton Guelph Halifax Hamilton Kingston Lethbridge London Montreal New Brunswick Okanagan Peterborough Regina Saskatoon Toronto Winnipeg News Weather National Video Contests Traffic TV News Programs Newscasts & VideosThe most dramatic shift was in the condominium market, where the average price dropped down to $234,263 by 7.8 per cent compared to last year.

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Average cost of a condo in Metro Vancouver is now $622392

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Is Canada's housing market too hot?

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Condo prices are up, detached home prices are down: Royal LePage

On the national level, Royal LePage found, the aggregate house price rose by 13.3 per cent year-over-year to $628,411.That means the average price of a condo has risen by almost $100,000, skyrocketing from $529,033 to $622,392 in just one year.

Canadian housing having 'Goldilocks' moment: Royal LePage

However, in August, Real Estate Board of Greater Vancouver says the composite benchmark price for all residential properties in the area — including detached homes, townhouses and condominiums – was $1,019,400 – up 8.7 per cent from July 2016.

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Ryalls said the shortage of condos is being made worse by cautious homeowners uncertain about trading up the property ladder.

“Canadian housing is enjoying a Goldilocks moment – not too hot, and not too cold,” Soper added. “For now, the Toronto and Vancouver housing markets have returned to earth,” he continued, noting rising interest rates and a strong loonie kept prices from appreciating rapidly.   

‘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

The median price of a bungalow increased eight per cent to $274,861, and the median price of a condominium increased by 9.2 per cent to $286,294.The number of homes sold is also down.

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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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Halifax home prices rise
Halifax home prices rise

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 Royal LePage House Price Survey shows the price of a house in Canada jumped by an average of 13 per cent, when the third quarter of 2017 is compared to the same period last year.Variety reports that the network behind other reboots like Dynasty…

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.

“Halifax is in a balanced market,” Matt Honsberger, managing associate broker, Royal LePage Atlantic, said in a press release.

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House prices up 28% year over year: Royal LePage report
House prices up 28% year over year: Royal LePage report
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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.

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