Real estate market news Apr 29th 2016
The Caisse’s Montreal transit plan is half ‘wow,’ half ‘how’
Pension plan manager’s LRT proposal billed as Quebec’s first ‘public-public partnership’
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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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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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