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Average price of Canadian home rising at fastest annual pace ever, now up to $716,828

Average price of Canadian home rising at fastest annual pace ever, now up to $716,828

April 15, 2021 | Posted by: Maurice Kwok

Canada's red-hot housing market continues to defy expectations, with sales in March up 70 per cent compared to a year ago and average prices up by more than 30 per cent. The Canadian Real Estate Asso ...

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Toronto March home sales, prices blow past record set during the 2016 real estate boom

Toronto March home sales, prices blow past record set during the 2016 real estate boom

April 6, 2021 | Posted by: Maurice Kwok

Toronto home sales and prices reached new highs in March, blowing past the previous record set during the 2016 real estate boom, with the city’s condo rebound gaining steam and demand continuing ...

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Booming housing market lifts Canadians' confidence to a new record

Booming housing market lifts Canadians' confidence to a new record

March 29, 2021 | Posted by: Maurice Kwok

Canadian consumer confidence rose to a new record last week as vaccine rollouts accelerate across the country and the nation’s housing market booms. The Bloomberg Nanos Canadian Confidence Inde ...

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Home prices vulnerable to correction in multiple Canadian cities as values skyrocket, CMHC warns

Home prices vulnerable to correction in multiple Canadian cities as values skyrocket, CMHC warns

March 25, 2021 | Posted by: Maurice Kwok

Canada’s housing agency is warning that multiple cities are overheated, overvalued and highly vulnerable to a price correction, as home values rapidly escalate throughout Ontario and the Maritim ...

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Ontario budget includes billions of dollars to continue the fight against COVID-19

Ontario budget includes billions of dollars to continue the fight against COVID-19

March 24, 2021 | Posted by: Maurice Kwok

Ontario Finance Minister Peter Bethlenfalvy unveiled a budget Wednesday that includes billions of dollars to keep battling COVID-19, but also outlines his government’s approach to fixing its fin ...

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Real estate frenzy hits small cities in Ontario

Real estate frenzy hits small cities in Ontario

March 22, 2021 | Posted by: Maurice Kwok

When Stephanie Hunter and Braden Bonwick were searching for a house in the Niagara region, they were given a brief opportunity to view the properties and were advised to provide a cover letter and pho ...

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CMHC sees continued growth for housing — for now

CMHC sees continued growth for housing — for now

March 17, 2021 | Posted by: Maurice Kwok

CMHC Deputy Chief Economist Aled Ab Iorweth speaks with Financial Post’s Larysa Harapyn about Canada's continued strength in the housing market.8 Key takeaways:1) Canada is undergoing a K-shaped ...

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Canadian real estate group raises 2021 forecast as sales jump 39% in February

Canadian real estate group raises 2021 forecast as sales jump 39% in February

March 15, 2021 | Posted by: Maurice Kwok

Canada’s national real estate group raised its annual sales forecast by 20 per cent, as cheap money and frenetic demand for homes continue to push up activity and home prices. Sales are on trac ...

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30 offers for Oakville townhouse as sale goes $250,100 over asking

30 offers for Oakville townhouse as sale goes $250,100 over asking

March 13, 2021 | Posted by: Maurice Kwok

1086 Lindsay Dr., Oakville Asking price: $799,900 (January, 2021) Selling price: $1,050,000 (January, 2021) Previous selling price: $515,500 (June, 2015); $375,000 (December, 2009); $339,000 (March ...

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Bank of Canada keeps key interest rate steady at 0.25%

Bank of Canada keeps key interest rate steady at 0.25%

March 10, 2021 | Posted by: Maurice Kwok

The Bank of Canada (BOC) is keeping its key interest rate target on hold at 0.25 per cent, saying economic conditions still require it even if things are going better than anticipated.5 Key Takeaways: ...

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