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The market crisis along the south border has many homebuyers wondering how it will affect the housing market in Canada, but Canadian market analysts feel the problems the U.S. is experiencing should have little impact on real estate in this country.Canada is not expected to experience the same downturn as the U.S. market for many reasons. First, ...

Sales of new homes in the Toronto area remain healthy, but that isn’t being reflected in current housing starts, according to Canada Mortgage and Housing Corp.Starts edged down in August to a seasonally adjusted and annualized 32,000 from 35,100 in July, the federal housing agency reported yesterday. One problem has been that developers are ...

Luxury home sales across the country have been "unprecedented" over the first seven months of this year.. The strong market for luxury property echoes what is going on in the overall resale market which is on pace for a record year, according to the Canadian Real Estate Association. Unabated demand throughout the year has created tight ...

Condominium sales are at a record high in Toronto with 40 per cent of new home sales coming from condo purchases. According to the Toronto Real Estate Board, 2,173 units sold in the city last month representing a 23 per cent increase in sales compared to June of last year. Ontario's housing market continues to perform beyond industry ...

Toronto Mayor David Miller suffered his biggest political defeat on July 16th as council narrowly voted to delay any decision on bringing in two controversial new taxes until at least October. In a 23 to 22 vote, council decided that any decision on new taxes on land transfers and vehicle registration should wait ...

Canada’s housing market had another record month in June as the average price jumped more than 10 per cent. The Canadian Real Estate Association said the average cost of a home was $335,180 last month, compared to $303,472 in June last year, an increase of 10.4 per cent. Also in June, existing home sales rose to a new seasonally adjusted ...