Halifax home prices rise
Hamilton house prices rise more than twice the national rate in latest Q3 survey
The survey shows the biggest jump in condo prices in Metro Vancouver was in North Vancouver, with prices rising 25.2 per cent year-over-year to $614,173. Meantime, the price of a home in the City of Toronto increased 21.8 per cent to $861,397.
“Marginally higher borrowing costs should dampen domestic demand somewhat, and with less currency-adjusted purchasing power, foreign buyer activity is off peak levels and will likely stay that way in the near-term,” he said.“While the economic fundamentals support elevated housing demand, rising home prices are eroding affordability, particularly for first-time buyers.”
Hamilton house prices rise more than twice the national rate in latest Q3 survey News 05:51 PM by Steve Buist Hamilton Spectator So, about that whole cooling market for house prices thing … yeah, not so much, according to the latest numbers released from Royal Lepage’s third-quarter survey.The company expected house prices and sales in Regina to remain flat for the rest of the year.
It shows that the aggregate sale price of a home in the region – a weighted average that takes into account different types of housing being sold – hit $483,133 in the third quarter of 2017. That number is 28 per cent higher than the figure from the third quarter of 2016.
Is Canada's housing market too hot?
Condo prices are up, detached home prices are down: Royal LePage
Canadian housing having 'Goldilocks' moment: Royal LePage
Sorry, we could not verify that email address.Meanwhile, the average cost of a detached home in West Vancouver dropped by a huge 10.1%, to $3,431,446, compared to the same time last year.
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.
There were more higher-end condo sales in the third quarter of last year, according to the Royal LePage release, resulting in a decrease in condominium prices in the same quarter this year.
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.
Oct 13 2017 Kentucky’s John Calipari gets in heated exchange with reporter Appearing at UK’s annual Media Day, Calipari said the FBI’s investigation puts a black eye on college basketball. It only gets better from there as Calipari looks somewhat befuzzled that the reporter bit back at him.
0 Likes0 CommentsSubscriptionsGo to the Subscriptions Centre to manage your:
Thank you for verifiying your email address. Close Market is a division of Postmedia inc. Privacy FAQ Change Password
Staff / October 12, 2017
We’ve sent you an email with instructions to create a new password. Your existing password has not been changed.
‘Anger, betrayal’: Sears staff speak out about demise of the company and their jobs
Other analysts have also recently issued reports about the stock. Brow…
Have your say on this topic! Comments are moderated and may be edited or removed bysite admin as per our Comment Policy. Thanks!
© 2017 Global News, a division of Corus Entertainment Inc.
: Saskatoon firmly a home buyers’ market
The report says nationally, the median price of a condo increased 15 per cent in one year, to about $414,000.
“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 survey also suggested the uncertain future of the North American Free Trade Agreement (NAFTA) may have people waiting to buy a house.“Despite an increase in inventory, prices are proving fairly resilient as consumer confidence in the region improves.”
“A severe shortage of listings introduced unsustainable home price inflation into our two largest markets beginning in 2015,” says Soper. “Affordability eroded rapidly, concerned policy makers reacted with measures to slow demand, and sales volumes plummeted. Market corrections were triggered in Vancouver first, and some 10 months later, in Toronto.”