Vancouver home sales are up nearly 12 per cent over last year and Toronto’s real estate market further intensified last month. Sales topped a November record and average selling prices reached a new all-time high in that market.
The average home price is up almost 22 per cent year over year to more than $1.1 million and cities across Canada are seeing similar tightening conditions.
As Anne Gaviola explains, domestic investors are a big factor in sky-high home prices.
For more info, please go to
Subscribe to Global News Channel HERE:
Like Global News on Facebook HERE:
Follow Global News on Twitter HERE:
Follow Global News on Instagram HERE:
#GlobalNews
source