Here's the effect this segment is having on the city
Prices in these housing markets are showing sustained strength as well, according to Royal LePage
Now that household debt in Canada has reached a record high of $1.5 trillion, it's time for the Bank of Canada to begin raising its key interest rate to stop the situation from getting much worse, says an economist with the C.D. Howe Institute.
As interest rates creep up heading into 2012, Vancouver's real estate market can expect home prices to plunge, according to TD Economics.
TD Economics expects the Bank of Canada will no longer raise the overnight interest rate this year.
Average Canadian home prices will start to decline nationally next year and continue to drop in 2013, according to an economic forecast by TD Economics released on Tuesday.
After sustaining a devastating wave of foreclosures, southern states, such as Florida and Georgia, are now poised to recover more quickly and more robustly than states on the East Coast, according to a new report by TD Economics.
Despite lagging sales, a new Re/Max report suggests that Canadian recreational real estate markets are set to make some of the largest gains in recent years, as buying picks up after a slow spring hampered by bad weather.
Canada's inflation-adjusted home prices were up 5% in the first quarter of this year compared to the same time last year, ranking as one of the biggest gains internationally, according to a global real estate report.
The Vancouver real estate market has been the subject of much debate in recent years, but what's not in dispute is that homes in this west coast city are dramatically over-priced.
Homebuyers are moving back towards the inner city in Calgary, the latest real estate statistics show.
Toronto's real estate market continued to benefit sellers as sales were up 6% in May compared to a year earlier, while the average price was up 9%, according to the latest figures.
A growing optimism from positive economic news and continued low interest rates was behind the strong sales numbers in May, according to Toronto Real Estate Board (TREB) President Bill Johnston.
Connect Asset Management Challenges the Financial Community to Invest in Downtown Toronto Real Estate for a Good Cause
The event will also feature a panel of industry experts and a presentation on the state of the Hamilton-Burlington housing market
Blue Pearl Mortgage Group Inc. is expanding its footprint once again, this time with services in Ontario