Vancouver first-time buyers overcome long odds
No housing market in Canada is more challenging for first-time buyers than Metro Vancouver. A recent survey by Zoocasa found it could take up to 100 years for a median-income buyer to save the 20 per cent downpayment for a typical house in some Vancouver neighbourhoods.
Niagara among surging markets in 2020
With a 13 per cent surge in average home prices this year, Ontario’s Niagara region is representative of a much stronger housing market in the Greater Toronto Area (GTA) in 2020, according to a fresh forecast from
Re/Max real estate.
Windsor posts highest home price index hike
Windsor, Ontario and Halifax, Nova Scotia posted the highest year-over-year increase in the home price index in October, rising 9.8 per cent and 8.3 per cent, respectively, from October 2018.
Mobile condo sales office rolls to buyers
Developer Trillium Projects and GN Holdings Ltd. have packed the pre-sales centre for the new Ella condominium project in Vancouver into a truck that can roll right up to a potential buyer’s home.
Poloz holds door open for rate cut
Canadian home sales are now almost 20 per cent above the six-year low reached in February 2019, but remain 7 per cent below the heights reached in 2016 and 2017 when many fretted over a housing bubble.
Four-in-ten buyers would cut back on food
A new survey of Canadian homebuyers shows that 44 per cent would cut back on food to be able to afford their home.
Many homes in Canada cost under $300,000
Despite numerous reports regarding the lack of affordable housing in Canada, it is increasingly a problem concentrated in Metro Vancouver and the Greater Toronto Area, according to data from the Canadian Real Estate Association (CREA).
MORE NEWS..
CURRENT ISSUE
Drones Top Roofing Tool
Flying eyes can improve safety and give birds-eye view for repairs.
Attack on Demand
Governments are gutting Canada’s housing market by stifling demand and stalling supply.
Market Report: Quebec Steps Up
La belle province has its housing groove back.
Renovator profile:
Design, build and keep the
HAMMERDOWN
Despite government disruptions home builders delivered 200,000 new homes and more than one million jobs in 2017.
TOOL TALK: Renovation
is Outpacing
New Construction
One characteristic of renovation is that contractors are more a jack of all
trades, using a wider variety of tools than new construction workers and
often dabbling in fields that are not their speciality.
COMMON CENTS CONSTRUCTION:
Future-Proofing the Home Building Industry.
ECONOMICS REPORT:
Don’t Stress the Stress Tests: Housing Starts to Remain Stable in “Lukewarm” Market.
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