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
For many young professionals chasing the dream of home ownership, “I’ll be renting forever” is a common lament as real estate prices in hotspots like Toronto and Vancouver remain sky-high. But even with good jobs and decent incomes, some 20- and 30-somethings are realizing that renting an apartment or condo is no easy task in these enormously competitive housing markets. “It’s impossible —
