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Canadian Real Estate Prices & Average Incomes
The price support target** in the table above represents what average Single Family Dwelling prices across Canada were in March 2005
$1.12 in the year 2010 has the same
"purchase power" as $1 in the year 2005.
$1.23 in the year 2010 has the same
"purchase power" as $1 in the year 2001.
Demographia Ranking of Canadian Cities
International Housing Affordability Survey: 2011
Canadian Housing Bubble Balloons Bigger
Graph by www.chpc.biz
10-year rate history for the 1, 3 and 5 year fixed rate mortgages
Housing Prices News
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House Price Predictions by www.chpc.biz
2012 ?
From 2001 until this year, we added 1.95 million new houses in the greatest sustained real estate boom in history. The population of Canada increased from 31 million to 34.1 million. So, we created 1,148,250 new households (roughly 2.7 people each). This means there was a surplus of 800,000 houses created – or 41% of the new housing stock
Should you rent or buy a house in Canada ?
Almost 6 billion Dollars in Real Estate Fees in 2011
"A total of 361,749 homes have traded hands via Canadian MLS® Systems" (Jan 2011 to Oct 15 2011). That's approximately 6 billion dollars in real estate commissions paid out by Canadian home owners, based on an average price of $350,000 at a usury 5% commission. For fifty years, MLS (Multiple Listing Service) has maintained its monopoly. CREA (PAC) lobbyists quote "works to promote a national legislative and regulatory environment that is favourable to REALTORS® ...."
House Price Predictions by www.chpc.biz