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The Canadian property bubble refers to a significant rise in Canadian real estate prices from 2002 to present (with short periods of falling prices in 2008, 2017, and 2022). The Dallas Federal Reserve rated Canadian real estate as "exuberant" beginning in 2003. [1] From 2003 to 2018, Canada saw an increase in home and property prices of up to ...
As the price of single-family housing has soared to unprecedented levels in Vancouver, the number of new condominium sales has increased, along with prices. According to the Real Estate Board of Greater Vancouver, the benchmark price for a condo in July 2016 was $510,600 in the region, up 27.4 per cent from the same month in 2015. [6]
Consequently, "[t]he average selling price of a home in Vancouver is now nearly 11 times the average Vancouver family's household income, a multiple similar to those seen in Hong Kong and Sydney—cities that have also become part of a more globalized real estate market." [109]
Brad J. Lamb is a Canadian real estate broker and condominium developer. [ 1 ] [ 2 ] [ 3 ] He had a reality television show named Big City Broker on the HGTV Canada network for several years. The show focused on the workings of his real estate brokerage, "Brad J. Lamb Realty Inc." [ 4 ] Lamb received media attention in March 2021.
The median price for an existing condo or co-op was $371,100 as of June 2024, according to data from the National Association of Realtors — a sizable savings versus $432,700 for a typical single ...
The leaky condo crisis, also known as the leaky condo syndrome and rotten condo crisis, is an ongoing construction, financial, and legal crisis in Canada. It primarily involves multi-unit condominium (or strata) buildings damaged by rainwater infiltration in the Lower Mainland and Vancouver Island regions of coastal British Columbia (B.C.). In ...
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