Canadian Renters Increasingly Opt to Buy Homes
The past two decades have seen an increasing number of Canadian renters letting go of their leases to buy homes, according to a Statistics Canada report released late last week.
Government Reduces Minimum Down Payment on Property Purchases
Canada’s major banks are applauding a new piece of federal legislation, which will lower the minimum down payment on home mortgages.
Canadian Real Estate Market Continues to Swell
Despite all the talk of a real estate slowdown, the cost of new homes in Canada is still increasing this summer, with nationwide growth of 1.4% in June alone.
Calgary Real Estate Prices Show Unprecedented Growth
A quarterly report released this week by Royal LePage shows Calgary, Alberta as Canada’s fastest appreciating real estate market, with the average price of a two-story home skyrocketing to $397,867, a 54.6% increase over the second quarter of last year.
Canadian Vacation Cottages in High Demand
A recent report from Royal LePage Realty suggests that many Canadians are now paying more for cottages and recreational properties than for their homes.