Thursday, October 23, 2014

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Friday, October 3, 2014

Finance Minister Joe Oliver says Calgary, Toronto and Vancouver distorting housing numbers


Joe Oliver, the federal finance minister, downplayed fears of a housing bubble and emphasized three of Canada’s largest markets continue to distort national housing numbers.

Joe Oliver, the federal finance minister, downplayed fears of a housing bubble and emphasized three of Canada’s largest markets continue to distort national housing numbers.

September housing results could be more of the same for those cities. The Calgary Real Estate Board said Wednesday sales were up 12% in September from a year ago while the price of single family home in the city rose 10.6% from a year ago to $512,800 in September. Condo prices were up 9.5% from a year ago to $330,200. Toronto and Vancouver results are due out this week.

Click here to read more about the housing bubble....