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Real estate market news Apr 29th 2016

Homes in some Canadian regions now more affordable – National Bank

A combination of static prices and increasing income has improved the affordability index in several regions in Canada, according to a recent report

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Latest CMHC report shows condominium investors are in it for the long haul

Condominium investors in Vancouver and Toronto display stable characteristics over time. Most are small-scale investors that own only one secondary unit,…

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What you need to know about buying a home with a friend

Despite houses across Canada hitting an average of $508,567 in March, a 15.7 per cent spike from March last year, the volume of homes set an all-time record with 41,357 changing hands via the Canadian Real Estate Association’s Multiple Listings Service. “They look at the market as an attractive opportunity for them, they want to be home owners, they want to participate in the market and so they’re thinking ‘how do I do that’ because the cost of entry is challenging for them,” Erica Nielsen, vice-president of home equity finance at RBC told Yahoo Canada Finance.

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