Did you know that the average home price in Canada’s 25 largest cities has risen to $332,442? According to the National Post report housing prices have risen more than 13% from a year ago. I bet you dodn’t even know that Canada had 25 cities! Can you name even 10?!
Even so, the Canadian Real Estate Association (CREA) is agreeing with ‘experts’ that Canada should have more than 25 cities…just kidding…CREA says that the housing market is cooling. Not crashing. Cooling. Ahhhhh…..
Condos are booming in the ‘burbs. I thought that the only thing to be found there was white picket fences and semi-detached shoeboxes? See! You learn something new everytime you visit this blog!
The financial mess in the States as a result of sub-prime mortgages is HUGE news down south. Just don’t see that happening in conservative Canade. But it does make ya’ll feel good, doesn’t it? LOL!
Sorry. I know it’s not funny. But if you want to know the history of the sub-prime crash read the following story that I found in the Globe and Mail.