Vancouver home sales are up nearly 12 per cent over last year and Toronto’s real estate market further intensified last month. Sales topped a November record and average selling prices reached a new all-time high in that market. As Anne Gaviola explains, domestic investors are a big factor in sky-high home prices.
- Investors owned 20 to 30% of homes in some provinces in 2020: StatCan
- ‘Year of the condo’: Waning pandemic could see migration back to big cities
- Toronto home sales lead to record 2021 despite weaker December