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During this time, significant rural-to-urban migration and immigration to Canada likely contributed to the pressure on house prices. [26] By 2010, Canada began experiencing, for the first time since 1980, a synchronized housing bubble across the six largest residential real estate markets in Canada, which represent approximately 40% of all real ...
Real estate bubbles are invariably followed by severe price decreases (also known as a house price crash) that can result in many owners holding mortgages that exceed the value of their homes. [32] 11.1 million residential properties, or 23.1% of all U.S. homes, were in negative equity at December 31, 2010. [33]
The latest poll of 18 contributors taken Aug. 13-21, including all the big five Canadian banks, showed average national house prices will rise 1.8% next year after a flat 2019.
Canadian housing prices are set to surge again in the coming months as investors and first-time buyers scramble to buy before interest rates go up, ignoring a warning https://www.reuters.com ...
The Jan. 12-29 poll of 15 property market analysts showed house prices would rise 5% on average this year nationally. Canadian house prices will continue their upwards march this year, outpacing ...
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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.