Found 2 blog entries tagged as housing boom.

St. John's Newfoundland real estate

Is the Newfoundland and Labrador real estate market still sizzling, or is it cooling down like a February evening in the province?

For the last two years, Canada’s housing market has been taken aback by the exceptional growth in Atlantic Canada, heated up by the population boom and the surge in home prices. This was a surprising turn of events because, before the coronavirus pandemic, people were leaving parts of the east coast, and some local real estate markets unable to gather much momentum.

Now it appears that Newfoundland real estate is joining the broader market. Sales activity is strong, though it has eased recently. Price gains remain sky-high, but growth has also eased year-over-year. Overall, the housing boom is…

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Canadian real estate street view

Over the last few years, investors have played a significant role in the housing boom that has taken place in the Canadian real estate market, especially in the major markets such as Toronto and Vancouver.

Late last year, there was a lot of buzz when it was reported that more than one-quarter of the Ontario real estate market was controlled by investors. Teranet data highlighted that the number of people who owned more than one property in the nation’s most populous province accounted for more than 25 per cent of buyers.

What a difference a decade can make. In 2011, investors represented just a small percentage of overall residential real estate transactions.

But this trend is happening nationwide, too. In Toronto,…

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