Canadian luxury market beginning to normalize: Engel & Völkers

Trends like multigenerational living, buying second homes and moving to more rural areas may remain popular in the Canadian luxury real estate market for the long haul, according to Engel & Völkers 2021 Mid-Year Canadian Luxury Real Estate Market Report. Trends like multigenerational living, buying second homes and moving to more rural areas may remain … Read more

Canada tightening mortgage standards as home prices soar

Canada is tightening standards for mortgages over worries about rising home prices, with the Greater Toronto Area, Hamilton and Montréal markets particular causes for concern. As is the case in many U.S. housing markets, desire for more space during the pandemic and low interest rates have boosted sales of single-family homes. But there’s a shortage … Read more

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