Montreal’s luxury housing market soars

Montreal emerged as the surprising hot spot for luxury real estate in Canada this summer with agents reporting bidding wars in several of the city’s central affluent neighbourhoods. But a new forecast from Sotheby’s Canada predicts sales activity in the high-end markets of Vancouver and Toronto will jump back up this fall as the country’s […]

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Montreal’s luxury housing market soars

Montreal emerged as the surprising hot place for luxury real estate in Canada this summer with agents reporting bidding wars in a number of the city’s central wealthy neighbourhoods. But a new prediction from Sotheby’s Canada forecasts sales activity in the high-end markets of Vancouver and Toronto will jump back up this fall as the […]

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New rules to dampen home sales in Canada, mortgage lenders warn

Canada’s mortgage lenders say tougher borrowing rules proposed by Canada’s banking regulator could reduce the volume of home sales in Canada by 10 per cent to 15 per cent annually as buyers find it harder to qualify for loans. Mortgage Professionals Canada – an industry association representing lenders, mortgage brokers and mortgage insurers – said […]

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CREA cuts 2017/2018 Prognosis for home sales in Canada

The Canadian Real Estate Association has cut its forecast for home sales in Canada in 2017 and 2018 because of slowing activity in major Ontario cities, such as Toronto. The amount of homes sold in Canada is forecast to drop 5.3 percent this year after posting a 6.4-per-cent growth this past year. CREA says the […]

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CREA cuts 2017/2018 Prognosis for home sales in Canada

The Canadian Real Estate Association has cut its forecast for home sales in Canada in 2017 and 2018 because of slowing activity in major Ontario cities, such as Toronto. The amount of homes sold in Canada is forecast to drop 5.3 percent this year after posting a 6.4-per-cent growth this past year. CREA says the […]

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‘Sanity’ returns to Toronto’s housing market

Andrew Williamson spent two years searching for a home in Toronto, making offers that got topped in bidding wars and viewing costs soar beyond his reach. By late spring this year, the 29-year-old photographer stopped his search, turned off by high costs and the whip-saw volatility which was unfolding on the marketplace. This week, however, […]

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