Home pricesĀ moving at ‘uncomfortably hot pace’ in big markets
Calls for a soft landing for the housing market appear on the mark this year, with sales and price gains this spring ācomfortably coolā across much of the country, experts at TD Economics and others say.
But there are some big exceptions.
Toronto, Vancouver and Calgary, already CanadaāsĀ priciest markets, are seeing home prices leap higher still as limited supply of some housing types andĀ ultra low interest rates fuel bidding wars, particularly for single family homes.
TeranetĀ house priceĀ data shows average 4.9% annual riseĀ
HotĀ CalgaryĀ housing marketĀ sets all-time price records
CalgaryĀ house priceĀ growth leading the nationĀ
What They Got
$1.2 million in Bayview Village, $632,000 in The Danforth neighbourhood
Bayview Village
Location:Ā 36 Bayberry Cres.,
Burbank and Citation Drives
Asking price:Ā $1,199,000
Selling price:Ā $1,210,000
Previous selling price:Ā $671,000 (2006)
Size:Ā about 1,200 sq. ft.
Lot:Ā 55 by 105-ft., two-car attached garage, private drive
Taxes:Ā $4,505 (2013)
Bedrooms:Ā 3 plus 1
Bathrooms:Ā 2
Days on the market:Ā 7
The Danforth
Location:Ā 685 Rhodes Ave.,
Danforth and Coxwell Aves.
Asking price:Ā $579,900
Selling price:Ā $632,000
Previous selling price:Ā $252,000 (2006)
Size:Ā about 1,100 sq. ft.
Lot:Ā 15.7 by 120-ft., no garage, lane drive, two parking spaces
Taxes:Ā $2,459.16 (2013)
Bedrooms:Ā 3 plus 1
Bathrooms:Ā 3
Days on the market:Ā 6
