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The Canadian property bubble refers to a significant rise in Canadian real estate prices from 2002 to present (with short periods of falling prices in 2008, 2017, and 2022). The Dallas Federal Reserve rated Canadian real estate as "exuberant" beginning in 2003. [ 1 ]
As the price of single-family housing has soared to unprecedented levels in Vancouver, the number of new condominium sales has increased, along with prices. According to the Real Estate Board of Greater Vancouver, the benchmark price for a condo in July 2016 was $510,600 in the region, up 27.4 per cent from the same month in 2015. [6]
Real estate industry trade groups based in Canada (19 P) Pages in category "Real estate in Canada" The following 22 pages are in this category, out of 22 total.
MREG is a privately owned Canadian real estate brokerage and advisory business with offices across British Columbia. Established in 1944, [1] MREG offers a fully integrated range of real estate services, including: residential sales, commercial sales and leasing, property and strata management, project marketing, and development management ...
Quebec's housing crisis (French: crise du logement, pénurie du logement, or crise du marché immobilier) is a speculative bubble that has severely affected the prices, quality and availability of real estate for people in Quebec and Canada since the 1980s. The average price of a home has risen from $48,715 in 1980 to $424,844 in 2021.
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Real estate bubbles are invariably followed by severe price decreases (also known as a house price crash) that can result in many owners holding mortgages that exceed the value of their homes. [ 32 ] 11.1 million residential properties, or 23.1% of all U.S. homes, were in negative equity at December 31, 2010. [ 33 ]
In June 2017, Concert paid RioCan, another real estate company, $26.3 million for a 50% interest in Toronto's oldest strip plaza, the Sunnybrook Plaza. [12] The two companies planned to collaborate on its redevelopment. [13] In 2018, Concert announced they would be redeveloping Coquitlam Park into 8 buildings comprising up to 2,600 housing units.
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