Real Estate News

The Hottest Real Estate Markets in Canada Right Now

One of the impacts of Covid-19 on the Canadian housing market has been that people have been flocking to Atlantic Canada. After all, when you can work from home, why wouldn’t you want to live near some of the warmest waters for a quick dip during your lunch break? Nova Scotia’s Northern Region or the Sunrise Trail – along the Northumberland Strait – offers you just that, along with dirt cheap real estate that you’ll pay off in no time.

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Would-be buyers, sellers of Vancouver luxury real estate sitting on sidelines

“Canada’s conventional and luxury real estate markets are undergoing a long-awaited transition after an era of over-exuberance during the pandemic, particularly in those regions that saw the most acceleration over the past two years,” said Don Kottick, president and CEO, in a news release summarizing the report’s findings.

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Experts say the Toronto real estate market is facing a major crisis

Real estate in Toronto — and the rest of Canada — could be on the way toward a crisis point, according to the 2022 Housing Inventory Report released by RE/MAX Canada on Monday. It’s a reversal of the trend seen in the decade before, with Toronto registering a July 10-year average of 21,243 active listings in the years from 2003 to 2012, versus the 16,458 July average for the decade of 2013-2022.

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Which cities in Canada offer the best value for real estate?

While the big city certainly has its appeal, Canada has some truly beautiful smaller towns and cities. Each of these cities has its own unique appeal and offers surprisingly low real estate costs. From the rivers, valleys, and natural beauty of Saguenay, Que., to the bustling bayside city of Saint John, N.B., these cities offer Canadians the best value on their real estate investment.

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Canada’s housing markets rebalancing fast

With demand softening, inventories are now on the rise in some markets (including Toronto and Montreal). This is quickly easing what were extremely tight demand-supply conditions just a few months ago. In fact, most major markets in Canada have returned to balanced territory in May based on sales and new listings reported by local real estate boards.

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Toronto is one of the least valuable cities to buy real estate in Canada

MoneySense’s Where to buy Real Estate in Canada 2022 report has placed Toronto 43rd out of 45 cities in terms of value and buying conditions. With a 2021 benchmark price of $1,023,02—$295,146 above the national average—and a three-year growth rate of 34%, Toronto earned a value score of just 0.7 out of five.

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Canadian housing market moves from moderate to high degree of vulnerability

Canada Mortgage and Housing Corp. says the country’s housing sector moved from a moderate to high degree of vulnerability during the second quarter, with Toronto, Ottawa and Montreal among the markets shouldering the most risks.

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Here’s how the housing landscape could change under a newly re-elected Liberal government

The dust has settled on an election that did little to change the parliamentary makeup in Ottawa, as the federal Liberals again take their seats as a minority government.

One of the cornerstone campaign issues was the housing crisis. But it is not a new issue. Many have argued there was little improvement under the previous government, and are skeptical it will be any different under the new one.

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