Will Vancouver’s luxury home market bounce back this spring? Image

Will Vancouver’s luxury home market bounce back this spring?

Vancouver’s shift to a buyer’s market continued in both the condo and single-family markets. Buyers and sellers have stepped to the sidelines; buyers want to see if prices will keep dropping and sellers are hoping prices stabilize or go back up.

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Toronto has the best public transit in Canada, but is the score high enough? Image

Toronto has the best public transit in Canada, but is the score high enough?

Toronto recently took the top spot on a transit score ranking, which compared major cities’ transit networks across Canada. The study was conducted by real estate brokerage, Redfin. 

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Non-residents own more than 7% of condo units in Toronto Image

Non-residents own more than 7% of condo units in Toronto

The Canada Mortgage and Housing Corporation released its latest Housing Market Insight report, highlighting some new data gathered on non-resident homeownership in British Columbia, Ontario, and Nova Scotia. 

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Greater Toronto Area luxury home market to heat up this spring Image

Greater Toronto Area luxury home market to heat up this spring

It looks like the Greater Toronto Area’s luxury home market will be strong this year compared to 2018, according to a new report from Royal LePage. 

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Year starts with a slight jump in Canadian home sales Image

Year starts with a slight jump in Canadian home sales

The Canadian Real Estate Association released its monthly national home sales figures for January 2019, reporting a slight increase in activity.

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No Valentine? Here’s where single buyers can afford a home in Canada Image

No Valentine? Here’s where single buyers can afford a home in Canada

With home prices climbing stratospherically over the last five years and a mortgage stress test now in place, homebuyers are seeing their purchasing power chopped more than ever - especially young families and first-time buyers.

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Canadian housing market still highly vulnerable as overvaluation eases in Toronto Image

Canadian housing market still highly vulnerable as overvaluation eases in Toronto

The Canada Mortgage and Housing Corporation released its quarterly Housing Market Assessment, reporting that the country’s housing market overall is still highly vulnerable, mostly due to price acceleration and overvaluation. 

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Buyers vs. Sellers: Who will win the detached home market? Image

Buyers vs. Sellers: Who will win the detached home market?

There was a story in the Vancouver Sun recently about a detached home listed for just under $1 million. With single-family home prices falling in the area, could the detached homes actually tumble to an affordable price?

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Toronto among the least affordable housing markets in the world Image

Toronto among the least affordable housing markets in the world

The 15th Annual Demographia International Housing Affordability Survey: 2019 was recently released, rating middle-income housing affordability with third quarter 2018 data. Once again, Toronto is found among the least affordable cities in the world. 

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Baby boomers and millennials fuelling the luxury condo market Image

Baby boomers and millennials fuelling the luxury condo market

The 2018 RE/MAX Spotlight on Luxury Report was released recently, reporting a significant drop in luxury detached home sales in Toronto and Vancouver. But, the luxury condo market is going strong.

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