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How domestic investors are fuelling Canada’s hot housing market

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Vancouver home sales are up nearly 12 per cent over last year and Toronto’s real estate market further intensified last month. Sales topped a November record and average selling prices reached a new all-time high in that market.

The average home price is up almost 22 per cent year over year to more than $1.1 million and cities across Canada are seeing similar tightening conditions.

As Anne Gaviola explains, domestic investors are a big factor in sky-high home prices.

For more info, please go to https://globalnews.ca/news/8416870/real-estate-investors-canada-housing-market/

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Category
U.S. & Canada
Tags
global news, Canadian housing market, Canadian real estate
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