Canadian Real Estate News Headlines (December 21, 2018)

Hello everyone. How are you?

I provide you with Canada’s news headlines for real estate news for today. 

76% of Canada’s national wealth is wrapped up in real estate, and the market is slowing: data

Canada’s a rich country with a gross domestic product of over $2 trillion and national wealth valued at over $11 trillion. But just how much of those riches are wrapped up in real estate? A sizable share, it turns out.

The details can be found here. 

Hamilton housing prices up 70 per cent from 2013

The Canadian Real Estate Association says housing prices in the Hamilton area have jumped by 70 per cent over the past five years, largely because of the westward exodus of GTA buyers.

The details can be found here.

The average B.C. home price will be $720,000 in 2019

Even though British Columbia is expected to lead the country’s year-over-year decline in home sales in 2019, the provincial average resale price will rise slightly, according to a national real estate forecast published December 17. 

The details can be found here.

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