A recent survey by Abacus Data stated that one-third of non-homeowners in Ontario have given up on ever owning property; another 26 per cent are pessimistic.
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Canadian home sales have tapered off their Q1 peak but that doesn’t mean every segment of the market has softened. As the buying frenzy has subsided, the condo market is seeing an increase.
More than a tenth of homeowners in Vancouver, Toronto and Montreal own multiple properties, according to a Royal LePage survey of 1,500 Canadians.
According to Amy Assaad, a broker with Royal LePage Du Cartier, there’s a more pragmatic reason luxury buyers, whether local, national or international, are flocking to Montreal.
Read what Royce Mendes, executive director and senior economist at CIBC Capital Markets, has to say about the economy awakening from their long pandemic-induced slumbers.
Condo insurance premiums shot up 27% in B.C., 16% in Alberta and 9% in Ontario compared to the same quarter in 2020. Read more about the report from LowestRates.ca
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