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.
Market Trends
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.
Supply Surpasses Demand in US Housing Market
The number of unsold newly built homes in the US hit a record high last month, as high property prices caused demand to slip.