Biggest Gain in Home prices Since 2009

Canadian Real Estate Magazine

National house resale prices rose for a seventh consecutive month in June. Biggest jump recorded since August 2009, according to Teranet – National Bank Housing Price Index See full story on this topic »

Market Prices Fall Pushing Average Down

Canadian Realestate Magazine

Canadian Real Estate Economist Gregory Klump said the drop in the national average selling price to $361,181 in July, is reflected in the recent cooling luxury markets of Vancouver and Toronto. See all stories on this topic »

Bubble talk re-ignites debate about what’s next for Vancouver housing market

The boom in Canadian real estate has “resulted in the largest rises in house prices ever seen in Canada,” the firm says. “And the trigger of an increase in the Bank of Canada’s trendsetting interest rates could result in a 25-per-cent drop in property values.”

Read more: http://www.vancouversun.com/business/Bubble+talk+ignites+debate+about+what+next+Vancouver+housing+market/5026729/story.html#ixzz1RAGNkHV3

Bubble talk re-ignites debate about what’s next for Vancouver housing market

Bubble talk re-ignites debate about what’s next for Vancouver housing market

The boom in Canadian real estate has “resulted in the largest rises in house prices ever seen in Canada,” the firm says. “And the trigger of an increase in the Bank of Canada’s trendsetting interest rates could result in a 25-per-cent drop in property values.”

Read more: http://www.vancouversun.com/business/Bubble+talk+ignites+debate+about+what+next+Vancouver+housing+market/5026729/story.html#ixzz1QmekpvQ9

Bubble talk re-ignites debate about what’s next for Vancouver housing market

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