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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. [6]
Between 1986 and 1989, housing costs in Toronto increased by 150%, the highest four-year price escalation to date. [21] Average house prices declined by over 27% in Greater Toronto from 1989 to 1996. [22] Vancouver’s first housing bubble burst in 1981, the second declined gradually in 1994. [23]
Vancouver: 90000 98640 80100 115400 Saskatoon: 89000 102830 Kamloops: 87000 100550 Victoria: 85000 106900 St. John's: 85000 104630 Red Deer: 85000 99860 Kelowna: 85000 97390 Brantford: 85000 89850 Greater Sudbury: 84000 105110 Lethbridge: 84000 98360 Kingston: 83000 101560 Winnipeg: 83000 95660 76600 104700 Windsor: 82000 92180 Chilliwack ...
The median price for an existing condo or co-op was $359,800 as of November 2024, according to data from the National Association of Realtors — a sizable savings versus $410,900 for a typical ...
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The average detached home cost was $1.56 million in Metro Vancouver that June, and town homes and apartments ratio of sales to new listings had shifted into overheated conditions, with price acceleration a factor. CMHC singled out Vancouver for "high" evidence of problematic conditions in its housing market.
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