In the year 2000 the bank lending interest rate in Canada was 7% but by last year it had fallen to 2.7% while incomes increased, more than doubling the amount that homebuyers could borrow
Developers are building more two-bedroom condos in response to the demand from families and young professionals.
Canadians want to live near the city core rather than the suburbs and that’s driving the housing market.
Is the real issue in Toronto down to income divides rather than the urban/suburban divide?
Buying a vacation property in the U.S. could land you with an extra tax bill.
Affordability is a key issue for the housing market in Canada with 25 per cent of householders spending nearly a third of their income on housing and 200,000 a year recorded as homeless.
The figures from a study by the Conference Board of Canada show the large percentage of people reaching retirement age who don’t have enough savings to stop working.
Based on figures from the United Nations Human Development Index Canada ranks 8th in the world for ‘liveability’.
A plot of land in Vancouver is believed to have broken records for the most expensive condo development site.
The latest figures show that new single-family home sales south of the border have seen growth in September; hitting a six-year high.
A new poll shows that residents of Vancouver would be in favour of taxes on empty homes in their city.