Home sales and prices are growing in Toronto, while Vancouver shows another decline Last month, housing sales in the Greater Toronto Area were up sharply from a year ago, while Vancouver cooled down again. According to the Toronto Real Estate Board (TREB), home sales rose by...

May economic growth raises odds of another rate hike this fall As May economic performance turned out better than expected, the Bank of Canada now has more reasons to raise its key lending rate this fall. However, economists don’t expect it until October. According to Statistics...

Prices for recreational property in Canada are rising sharply According to RE/MAX INTEGRA, the cost of recreational properties went up last month significantly from June 2017. The average price for this category (waterfront, non-waterfront, homes with water access and ski-in housing) rose by 13% on...

Canada’s economy rose by 2.6% in a year, in spite of the weak housing market In May, the national economy expanded by 0.5%, which is about twice higher than the previous forecasts. Partially, this success was caused by a recovering oil and gas sector. As a...

Condos are still extremely popular in the GTA Condos still stay at the top of the GTA new homes market, despite growing prices. Meanwhile, the cost of single-family houses cools down. According to Altus Group, there were 2,500 new homes sold last month and 2,079...