NewsArticles on CanadaThanks to condo building, housing starts hit a 29-year high of 278,200 annualized units in September, up almost 20 per cent from August, according to figures released by the Canada Mortgage and Housing Corp." www.thestar.com 'While we await the inevitable, however, sales of residential real estate in British Columbia are expected to reach the second-highest level in history this year, about 5,000 transactions shy of the record 106,310 sales set in 2005. The average home price in the province will be up 12 per cent this year to $437,000. After that, if the B.C. Real Estate Association has it right, the number of sales will drop to 96,671 and the pace of price increases will subside to about eight per cent.' canada.com Canada's housing prices continue to defy the laws of gravity, but they won't be able to indefinitely thwart the laws of economics. .canada.com
"We’re going to see more people like that coming down and buying second homes so the Realtors are doing everything they can to keep this market moving."
"Thanks to condo building, housing starts hit a 29-year high of 278,200 annualized units in September, up almost 20 per cent from August, according to figures released by the Canada Mortgage and Housing Corp."
'While we await the inevitable, however, sales of residential real estate in British Columbia are expected to reach the second-highest level in history this year, about 5,000 transactions shy of the record 106,310 sales set in 2005. The average home price in the province will be up 12 per cent this year to $437,000. After that, if the B.C. Real Estate Association has it right, the number of sales will drop to 96,671 and the pace of price increases will subside to about eight per cent.'
Canada's housing prices continue to defy the laws of gravity, but they won't be able to indefinitely thwart the laws of economics.
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