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Average home prices to fall in 3 oil-producing provinces next year: CREA
Canada’s national average house price is expected to edge higher by 1.4 per cent in 2016, to $448,700 — with Ontario leading the other regions with an increase of 2.9 per cent. Also read “The housing bubble has already popped in some parts of Canada“.
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Real estate news stories that we’ve been following this week.
Stay up-to-date with all real estate news updated continually on our Facebook page.
Toronto’s residential land prices reach new highs: ‘More condominiums coming’
Residential land prices increase with the emphasis on higher-density condo projects coming to market.
5 reasons why the market meltdown matters to all Canadians
The recent pull-back of stock markets around the globe could signify any number of future trends. here’s a primer on ...
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Our weekly wrapup of the important real estate news stories we’re following.
Unsold condos pile up in Toronto, hit 21-year high – globalnews.ca
With a record number of condominiums completed by builders last month the number of unsold units hit a 21 year record high in Toronto.
Oil price crash raises risk of Canada housing market correction: Reuters poll – ca.reuters.com
A majority of forecasters polled agree that the chances of a sharp fall in house ...