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Millennials rush into the housing market to catch pandemic prices

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Latest news

Millennials rush into the housing market to catch pandemic prices

A recent poll by Royal LePage shows that millennials in British Columbia are rushing into the real estate market in order to catch low home prices and purchase a property, following a market slowdown seen at the beginning of the pandemic. Interest rates have...
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February 2021 – average housing price in Toronto exceeds $1M

Last month, home buyers rushed into Canada’s largest real estate market. As a result, the average price of a Toronto property exceeded $1 million fueled by extremely low interest rates. According to the Toronto Regional Real Estate Board (TRREB), there were 10,970 homes sold...
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CMHC CEO admitted that he was wrong about last spring’s “doom and gloom” predications about Canadian real estate

The CEO of Canada Mortgage and Housing Corporation (CMHC) Evan Siddall is trying to explain the previous pessimistic predictions on real estate prices. On Monday he said that unforeseen circumstances helped the national housing market avoid the worse-case scenario. Last spring, CMHC predicted a...
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Amazing GDP growth makes it more difficult for the Bank of Canada to make its next rate decision

The beginning of 2021 shows stronger economic growth for Canada following drastic declines seen in 2020 caused by the pandemic. According to Statistics Canada, gross domestic product was up by about 0.5% in January, while December reported only a 0.1% increase. The largest gains...
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Historically low fixed mortgage rates are quickly evaporating!

The best thing of the current pandemic recession (well, if you even allow to call anything “best” nowadays) is the rock bottom mortgage rates. But looks like the party is going to the end at least for fixed deeply discounted offers. The deal is...
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