Toronto’s real estate sales climbed more than 11 per cent in October compared with a year earlier, despite the introduction of new federal mortgage rules aimed at cooling the region’s overheated housing market. The average price of all homes across the Toronto region rose 21 per cent to $762,975 last month, compared to October 2015,
The Real Estate Board of Greater Vancouver says home sales plunged 38.8 per cent last month compared with October 2015. The board said 2,233 properties were sold in October of this year, down from the 3,646 home sales recorded in the same month last year. Board president Dan Morrison said changing market conditions combined with
It’s been just over a decade since the U.S. housing market peaked, and rarely a day goes by without stories exploring the hot real estate market in Canada. Whether it’s warnings about elevated levels of household debt, government regulations to cool prices or the influx of foreign money, residential real estate generates sustained discussion and debate. After witnessing the housing
