2021 News Index
CREA forecasts price hike in 2021
The Canadian Real Estate Association (CREA) expects the national average home price will rise 9.1 per cent to $620,400 in 2021, with sales also rising everywhere but in Ontario.
Ontario, B.C. lead as residential permits surge
The value of residential permits rose to new heights in November, 2020, increasing 10 per cent to $6.4 billion and breaking the previous record set in September 2020. Except for Nova Scotia and Prince Edward Island, which reported slight declines, every province posted growth, according to Statistics Canada.
B.C. construction wages top at $50 per hour
Construction wages are rising in British Columbia as the industry faces a shortfall of workers, according to a survey of 1,000 B.C. construction firms by the Independent Contractors and Businesses Association (ICBA).
North America’s most expensive home goes to auction
North America’s most expensive home, Villa Firenze, which is currently listed for US$160 million will be going to auction January 26, 2021 with no reserve and no minimum bid, according to TopTenRealEstateDeals.com.
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