According to the government statistics agency, home prices have risen over all by 0.2% in February based on substantial gains in Western Canada, particularly Calgary’s real estate market. Prices rose an average of 0.9% in Alberta City in January, this was due to increasing material & labor costs and the effect of the new provincial home-warranty program. Further to this, our own City of Toronto gained a 0.2% increase, compared to Vancouver which had remained the same.
Based on Economists predictions was that the national index would rise about 0.1%, but based on recent data, it was grown and increased more so. This shows the real estate market, especially in Alberta and Toronto are still going strong.
Contact Robert Clancy today to discuss your mortgage needs for home ownership or investment properties!