Author Archives: Chris

Edmonton real estate heats up with weather Median price of detached home reaches highest point in five years

EDMONTON – The median price of a single-detached home in the city reached its highest point in five years in May, numbers from the Realtors Association of Edmonton released Monday show. The figure of $370,000 is up almost four per …

Vancouver displaces Sydney as second most-expensive housing market on well-known survey

Vancouver displaced Sydney as the least-affordable housing market after Hong Kong among large English-speaking cities, as home prices rose faster than incomes, a study of 325 metropolitan areas worldwide showed.  Vancouver’s median home price of $678,000 in the third quarter …

Most major cities to see housing ‘correction,’ report says

OTTAWA — The Canadian housing market in 2012 will be a “tug-of-war,” with low interest rates hauling hard on one end of the rope, and economic uncertainty joining forces with slow income and employment growth to pull back on the …