CP24 | Real Estate News

Moody's Analytics, Inc. says home prices across Canada could tumble about seven per cent in 2021, as unemployment dampens the hot real estate market.

Canada's housing market experienced overvaluation in some pockets of the country in the spring amid the COVID-19 pandemic, Canada Mortgage and Housing Corp. said in a new report released on Monday.

Canada Mortgage and Housing Corp. says the annual pace of housing starts in August rose nearly seven per cent compared with July.

An unprecedented surge in demand for low-rise housing pushed Toronto area home sales and prices to record highs in August, as the market continued to play catch-up from the COVID-19 lockdown this spring.

Metro Vancouver home sales hit 3,047 in August at a benchmark price of $1.04 million, as the housing market continued its recovery from the COVID-19 pandemic.

July was a record-breaking month for Toronto real estate sales, as a nearly 17 per cent price spike did not stop homebuyers from making offers. 1

A house with ties to one of the most notorious biker gangs is on the market in Toronto’s east-end and it could be yours for $2.189 million.

The Toronto Regional Real Estate Board says condominium apartment sales in the region have fallen by half since last year, but the average selling price is up.