The Globe and Mail has delivered three solid pages of what’s happening in Canada’s real estate market. The market has skyrocketed during the COVID-19 pandemic. Rachelle Younglai did the reporting. Some highlights below . . . .
ATLANTIC CANADA is a big winner. People are flocking to the East Coast. Average selling price of a home in Nova Scotia $331,429; Halifax $400,000; New Brunswick about $200,000, including Saint John and Fredericton; Newfoundland and Labrador – bigger properties with ocean views; Prince Edward Island above $300,000.TORONTO – average selling price – nearly $930,000.HAMILTON, Ontario – house prices topping $700,000 – not so affordable any more. 63 months to save a down payment on a Hamilton house.DOWNTOWN MONTREAL – apartment vacancy 10.2%; metropolitan area 2.7%CITY OF TORONTO – 7.3%; metropolitan area 3.4%VANCOUVER – 6.3%; versus 2.6%IMMIGRATION – plunged 46% to 184,370; lowest level of permanent new residents in more than two decades.