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Canada’s new immigration targets will drive the real estate market activity

Canada’s new immigration targets focus on offsetting this year’s newcomer decline. It may lead to a stronger activity at local real estate markets, particularly in major urban centres. During the period from 2021 to 2023, Canada’s government plans to welcome 1.2 million immigrants. In case...
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Jobs rebound slowdowns restrained by new business closures

Last month, Canada’s economy created 83,600 new jobs, marking the smallest number since the economic recovery started in May. The reason for such a drop was the second wave of coronavirus cases and new lockdowns. Meanwhile, September showed 378,000 new jobs added, while the...
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October 2020 – housing sales rose by 25% in Toronto and Vancouver

It looks like the postponed spring real estate market has expanded to October, with Toronto and Vancouver showing annual sales increases by 25% and 29%, respectfully. In addition to it, the strong demand keeps affecting home prices. According to the Toronto Regional Real Estate Board...
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Is a further real estate market slowdown possible?

The recent poll by Nanos Research Group shows that confidence in Canada’s real estate market is growing sharply, as 45% of respondents expect home prices in their neighborhood to go up during the next six months. Meanwhile, only 13% of consumers predict a decline,...
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Optimism on real estate prices reaches a new record in Canada

The recent weekly survey shows that confidence in the national real estate market keeps growing in Canada, despite the fact that the country has faced another wave of COVID-19, slowing down the economy. According to Nanos Research Group, 45% of respondents expect home prices...
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