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Toronto Housing Market Review
Toronto, Canada’s financial capital, is considered to be an international center for business and finance, and its robust economy has positively driven the booming housing market. However, this city is not without its own housing-related troubles as investing here is tougher compared to other cities. According to the Toronto Real Estate Board, sales in February…
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Ottawa Housing Market Review
In Ottawa, the capital of Canada, the 2016 municipal census recorded that 254,470 residents have their own homes. More than 128,000 residents are renting, and almost 58,000 are opting to live in condominiums. Forecasts on the city’s housing market in 2017 predicted increases in housing starts for single detached homes and multiplexes. However, the housing…
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Niagara Housing Market Review
The city of Niagara Falls, situated in the regional municipality of Niagara, southeastern Ontario in Canada, is currently experiencing a decline in housing sales performance due to higher sales prices and higher mortgage rates. Among Niagara residents, single detached houses are highly preferred for home ownership. Of the total 35,775 dwellings, 67% are single-detached houses…
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Kitchener / Waterloo / Cambridge Housing Market Review
Kitchener, and Waterloo and Cambridge (KWC), Southern Ontario’s Tri-City, is dubbed as “Canada’s Silicon Valley” for being the home of various information technology companies. But now, the three cities are also slowly making their mark in the housing industry even though the performance of their housing market is not as robust as the other active…
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Calgary Housing Market Review
Calgary, the third largest municipality in Canada, continues to be a competitive alternate to Toronto and Vancouver among real estate buyers and investors. Buyers are witnessing economic development in the city as there is easier access to real estate projects and higher cap rates. For example, as of the third quarter of 2017, cap rates…
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Edmonton Housing Market: The 2018 Investor Research Report
Edmonton, the capital of Alberta, is experiencing improvements in its overall economic condition, which is expected to impact the city’s housing market in 2018. According to the municipal census, many of the residents prefer to dwell in single-detached houses (201,463 residents) and four-story apartments or condos (93,108 residents). Moreover, 36,214 residents prefer to live in…
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Hamilton Housing Market Review
The housing market in the City of Hamilton, also known as the “Steel Capital of Canada,” is approaching vulnerable levels in 2018. This is fueled by price increases, overvaluation of properties, and low housing demand. Comparing the data from January 2018 and data from the same month last year, house prices increased for residential and…
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