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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.
The average price of a home in Canada increased 17.1% to $779,000 in Q4 2021 compared to Q4 2020, according to a Royal LePage survey. [112] A 13 January 2022 Bank of Canada report examined three types of buyers in Canada, first-time home buyers (FTHBs), repeat homebuyers, and investors or multiple residential property owners. [113]
Calgary: 100000 109520 88100 128800 Ottawa-Gatineau: 98000 117820 91500 127200 Guelph: 97000 109020 Barrie: 97000 100700 Toronto: 97000 96700 86800 118700 Edmonton: 96000 107450 88600 124900 Kitchener-Cambridge-Waterloo: 92000 101690 Hamilton: 91000 103820 Abbotsford-Mission: 91000 89280 Regina: 90000 106340 Vancouver: 90000 98640 80100 115400 ...
The National Bank of Canada publishes a Housing Affordability Monitor report, which "measures housing affordability in 10 major census metropolitan areas" (Calgary, Edmonton, Hamilton, Montreal, Ottawa–Gatineau, Quebec City, Toronto, Vancouver, Victoria, Winnipeg) and "summarizes the results in a weighted-average composite of the 10 CMAs."
The 2011 National Household Survey (NHS) showed that one in eight Canadian households lived in condominium dwellings, colloquially known as "condos", mostly located in a few censuses metropolitan areas according to Statistics Canada. [9] Condominiums exist in most parts of Canada, though they are more common in larger cities.