Tony Sagami writes: My trip to Canada was fantastic! Sure, I took a wrong turn and temporarily found myself in British Columbia, but I came back from Alberta with a whole new view of Canada.
I knew Canada was very similar to the U.S. in some respects such as its market-oriented economic system and its living […]

TORONTO - Condo construction pushed Canadian housing starts to a 29-year high in September, suggesting troubles in the U.S. housing market haven’t reached home builders north of the border.
Canada Mortgage and Housing Corp. said Tuesday that starts rose 19.6 per cent to a seasonally adjusted 278,200 units, up from 232,700 in August - the biggest […]

Reed Construction Data – CanaData is now forecasting housing starts in Canada in 2007 to total 215,000 units (up from 212,500 in the previous forecast). This will be a slight decline from the 227,400-unit level in 2006. In 2005, total starts were 225,500 units and in 2004 they were 233,400 units.
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Stock and bond markets regained a modicum of stability yesterday, but ongoing gyrations in the commercial-paper market indicate the U.S. subprime crisis is far from over and the risk of further financial-market contagion remains high.
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Average house prices set to rise by 9.5 per cent nationally
Canada’s resale housing market finished the second quarter on strong and steady footing; surprising many by its astounding momentum. Healthy and robust conditions are expected to prevail through to year’s end as all regions are poised to experience a rise in average house prices, with […]

An aging Canadian population and increasing immigration will bring significant changes to the country’s housing market, a report released Monday says.Short-term cyclical factors will slow Canada’s hot housing market over the next several years, while long-term fundamentals, including slower population growth, will dampen demand, according to the latest Real Estate Trends from Scotia Economics.
According to […]

Canada’s construction boom came to an abrupt end in February as the value of building permits fell by more than a fifth from January.
Municipalities issued $4.9 billion worth of building permits in February, down 22.4 per cent from January and 12 per cent below last year’s monthly average, Statistics Canada reported Wednesday.
The drop, the fastest […]

Carl Gomez, an economist with TD Economics in Toronto, marvels that “after four years, the housing market has continued to defy gravity, charting its way to one of the longest cyclical booms in recent history.”
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The average house price in Canada is forecast to rise by 4.5 per cent to $236,588 in 2005, as listing levels rise and demand reacts to the price increases of the past year according to a Market Survey Forecast 2005 report released today by Royal LePage Real Estate Services. Unit sales are projected to decline […]