The average price of a Canadian home was $456,186 in November, a 10.2 per cent increase compared to the same month a year earlier. The Canadian Real Estate Association also noted Tuesday that stripping out the expensive and large markets of Toronto and Vancouver, the average price would have been $338,969 — a 3.4 per cent gain compared to November
From @CBCNews Bill Morneau tightens mortgage rules on homes over $500K Liberal election platform expressed concern over ‘escalating home prices in high-priced markets’” The federal government is boosting the minimum down payment for higher-priced homes in Canada effective in the new year. Homebuyers are currently required to put down a minimum of five per cent to qualify for
VANCOUVER — A Vancouver developer is breathing new life into a Second World War-era industrial building in Mount Pleasant with the aim of expanding and returning the space to its high-tech origins. Built in 1942 by Australian-born Henry Holdsby Simmonds — the architect behind Vancouver’s Stanley Theatre and Odeon theatre chain — the building at
