3 Canadian Real Estate News Headlines You Shouldn't Miss Today (September 5th 2019)
Hello everyone. How are you?
I provide you with Canada’s news headlines for real estate news for today.
The most livable city in North America is... not Toronto
Time to tell your smug New York friends that they’ve made the wrong life choice: The world’s most liveable cities are generally less global capital, more regional second city, a new ranking shows.
Vienna took the No. 1 spot in the Economist Intelligence Unit’s liveability ranking for the second year running, confirming that life is officially better on the banks of the Danube than it is by the Yarra River in Melbourne, which took second place.
Australia and Canada dominate the top 10 with three cities each, while Osaka, Tokyo and Copenhagen complete the list. Melbourne, Sydney and Adelaide are judged to offer the Antipodes’ best quality of life, while Calgary, Vancouver and Toronto are North America’s top locations.
Condos cost more than houses per square foot, but in some markets the gap is closing
Housing is a heterogeneous good. Diversity in age, location, quality, size and type makes comparisons difficult.
A recent report from Royal LePage took a closer look at that relationship. The comparative analysis revealed that when one controls for dwelling size, single-family detached (SFD) housing prices in Toronto, Vancouver, and Calgary approached, and in the case of Vancouver surpassed, those of condominiums.
Hamilton Is Ranked In The Top 10 Places To Buy Real Estate In Canada
MoneySense Magazine created a report that marked the top 35 cities to live in Canada. Hamilton, Ontario was ranked in the top 10, coming in at number 7. The report was based on three main criteria: value, momentum and expert insight. Shockingly, Toronto ranked at number 22 on the list. MoneySense’s annual real estate report takes this data from Statistics Canada and the Canada Mortgage and Housing Corporation (CMHC) to analyze the trends in 35 cities. When ranking the top 35 cities in Canada, Moneysense takes into consideration the ratio of average income to average house prices and the unemployment rate. Affordability and appreciation are also key factors when ranking the top cities especially when many cities in Canada have high housing prices. Therefore, the magazine looked at which cities have a strong economy, took into consideration the rental market, the appreciation rate and value for money.
Jethro Seymour, Top Toronto Real Estate Broker
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