There might be an end in sight for some of Canada’s red-hot housing markets. The Ottawa-based Canadian Real Estate Association said existing home sales were down 2.8 per cent in May from April on a seasonally adjusted basis and CREA, which represents about 115,000 realtors across the country, predicts 2017 will see a major leveling
Have you heard about the red-hot real estate market … in Parksville? While the Vancouver’s market has been in the spotlight for its rapidly rising values, these sky-high growth rates are now trickling out to surrounding locations. Cameron Muir, chief economist of the British Columbia Real Estate Association, says the entire province experienced a record
The bank of mom and dad has skipped a generation, with parents now buying houses or condos for their school-aged children or grandchildren. Nervous upper-middle-class homeowners are hoping that the strategy will help younger generations gain a foothold in Vancouver. At the rate things are going people are afraid,” said Kristine Skinner, a financial adviser
