In 2015 and 2016 house prices in British Columbia and Ontario continued to rise above the national average. In Alberta house prices are relatively stable in 2016 after falling in 2015. In 2017 house sales have fallen in Canada and prices have stabilized in most provinces. A 20% down payment ...
››Firstly, any initial funds they brought with them stretched farther in most parts of Canada than in their own housing markets. ››Secondly, the ratio of wages to house prices in most parts of Canada was more favourable than in many other countries. (British Columbia, where the co...
experience particularly strong reversals, it is useful to keep in mind that fundamentals do change, and sometimes quickly and by a substantial amount—for example, a decline in oil prices rapidly changed the economic fortunes of the region of Alberta in Canada and ended the regional house price ...
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Unsurprisingly, the places in Canada where the highest ratio of housing prices to annual median salaries are clustered in Ontario and British Columbia. But the gap between cities in Ontario and BC and places like Edmonton and Saskatoon are really striking. In effect, a professor at the University...
When we have a decline in real estate sales it ultimately leads to a drop in real estate prices, lowering the value of all homes. It also reduces the number of loans available to owners. In turn, consumer spending reduces, and this contributes to a downward spiral of the economy. Employme...
Varcoe: Canadians want more energy made in Canada as Trump threats fuel 'seismic shift,' poll finds AER Board appoints Rob Morgan as new chief executive How moving goods from Alberta to other provinces gets complicated for manufacturing company ...