The April Market Watch is out this morning. Average freehold price is down $15,000 and average condo price is up $15,000 compared to March. 13,500 transactions were recorded which is still far exceeded the normal high of 10,000 transactions. For lease condo is now down to about 6,000 units compared to the peak 13,000 units back […]
Mortgage Rates began to increase in late February, following the rise of global bond yields. While the Bank of Canada has promised to maintain low-interest rates until at least 2023, bond markets are predicting increases as early as 2022. While this failed to have a significant impact on February sales, it is likely that the […]
Many sellers are hunkering down in place — waiting to see what COVID brings — and as a consequence resale housing supplies have been constrained, which in turn fuels rising prices. New home construction has also been impacted by COVID, from delays in the municipal building approval processes and approvals to labour, workplace safety and […]
Slowly rising interest rates may add some volatility, but the vaccine rollout – and its promise of an eventual end to the pandemic – is fuelling optimism among condo investors. So are rising house prices in the suburbs. Compare that to the fall market, which was loaded with condos as investors looked to sell units […]
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