Real Estate – RentSeeker Blog https://www.rentseeker.ca/blog RentSeeker Blog Thu, 26 Mar 2020 20:19:43 +0000 en-US hourly 1 https://wordpress.org/?v=5.4.18 https://www.rentseeker.ca/blog/wp-content/uploads/2020/01/favicon.ico Real Estate – RentSeeker Blog https://www.rentseeker.ca/blog 32 32 National Average Cost of Housing across Canada | New 3-D INFOGRAPHIC Map by RentSeeker.ca https://www.rentseeker.ca/blog/national-average-cost-of-housing-across-canada-new-3-d-infographic-map/ Mon, 16 May 2016 15:16:30 +0000 http://www.rentseeker.ca/blog/?p=2754 Canada’s housing and rental markets continue to be a topic of conversation for real estate experts and economists, journalists and media outlets, government officials and the general public.

For years now, many have suggested that Canada’s real estate market is a “bubble waiting to burst” with the slightest change in interest rates or other economic factors. Yet, those predictions continue to be on “stand-by” mode, while housing continues to maintain it’s status on The Economists list of Most Overvalued Real Estate Markets Globally.

RentSeeker.ca, one of Canada’s Largest and Most Visited Real Estate Websites has released a NEW 3-D INFOGRAPHIC Map showing the Average Cost of Housing across Canada with Year over Year Price Comparisons.

For media inquiries or to share our INFOGRAPHIC,  please email:  media@rentseeker.ca
(Click on the INFOGRAPHIC to enlarge)
Average Cost of Housing across Canada by RentSeeker.ca
 
 
 
Overall, the national average of housing costs across Canada increased 15.7% with the national average cost per house at: $508,567 as of March 2016 – from an average of $439,477 as of March 2015.
Here are some highlights from RentSeeker.ca’s new INFOGRAPHIC showing the top 5 cities with year over year gains and the top 5 cities with year over year decreases across the country.
Cities Showing Top Percentage Gains Year-over Year:
  • Vancouver ->  2016 Average Cost: $1,093,267   |  (+22.6% from 2015)
  • Prince Edward Island -> 2016 Average Cost: $194,094  |  (+17.1% from 2015)
  • Victoria -> 2016 Average Cost:  $575,858  |  (+13.2% from 2015)
  • Toronto ->  2016 Average Cost:  $688,181  |  (+12.1% from 2015)
  • Hamilton – Burlington ->  2016 Average Cost: $486,008  |  (+9.5% from 2015)

Cities Showing Top Percentage Decreases Year-over Year:

  • Sherbrooke -> 2016 Average Cost: $288,750  |  (-16.7% from 2015)
  • Windsor -> 2016 Average Cost: $371,223  |  (-8.4% from 2015)
  • Saint John -> 2016 Average Cost: $154,700  |  (-1.8% from 2015)
  • Quebec City -> 2016 Average Cost: $259,851  |  (-.08% from 2015)
  • Calgary -> 2016 Average Cost: $455,220   |  (-.05% from 2015)

Let us know what you think about Canada’s real estate markets and share your insights, comments, and predictions by joining the conversation with RentSeeker.ca on Twitter and Facebook!

]]> RentSeeker.ca Publishes New Report Showing Housing Prices across Canada with Year over Year Data https://www.rentseeker.ca/blog/rentseeker-ca-publishes-new-report-showing-housing-prices-across-canada-with-year-over-year-data/ Thu, 03 Dec 2015 18:13:21 +0000 http://www.rentseeker.ca/blog/?p=2394 RentSeeker.ca, Canada’s Leading Apartment Finder and Real Estate Marketing and Data Company today published it’s Annual Housing Market Report INFOGRAPHIC – showing the cost to purchase a home in cities across Canada, and the salary needed to support the purchase. The Housing Market Report also includes year-over-year changes (listed below).

(Click on the INFOGRAPHIC to Enlarge)

How-Much-Do-You-Need-to-Purchase-a-Home-in-Canada-RentSeeker

(*INFOGRAPHIC figures based on bank rate on 5-year fixed-rate mortgage of 2.5%; a 20% down payment; a 25-year amortization period; and added costs of property tax and heating costs).

As part of the research and report,  RentSeeker.ca looked at year-over-year comparisons from 2014 – 2015. While most provinces showed year-over-year gains, some provinces including Alberta, showed declines in home prices.

Here is the list of the average home prices for all provinces with year-over-year comparison data for 2014 vs. 2015:

  • Ontario 

2014 Average Home Price: $445,500

2015 Average Home Price: $471,654

  • Quebec

2014 Average Home Price: $277,789

2015 Average Home Price: $275,701

  • Alberta

2014 Average Home Price: $400,027

2015 Average Home Price: $384,381

  • British Columbia 

2014 Average Home Price: $575,504

2015 Average Home Price: $667,480

  • Yukon

2014 Average Home Price: $275,750

2015 Average Home Price: $356,290

  • Northwest Territories

2014 Average Home Price: $405,332

2015 Average Home Price: $330,708

  • Saskatchewan

2014 Average Home Price: $306,812

2015 Average Home Price: $292,949

  • Manitoba

2014 Average Home Price: $263,159

2015 Average Home Price: $264,739

  • Newfoundland & Labrador

2014 Average Home Price: $266,346

2015 Average Home Price: $258,459

  • Nova Scotia

2014 Average Home Price: $207,657

2015 Average Home Price: $206,251

  • Prince Edward Island

2014 Average Home Price: $174,871

2015 Average Home Price: $163,236

  • New Brunswick

2014 Average Home Price: $153,312

2015 Average Home Price: $161,388

  • Nunavut

2014 Average Home Price: *N/A

2015 Average Home Price: *N/A

(*N/A = No Data Available).

To view the average home prices for specific cities in each province, please refer to the above INFOGRAPHIC.

To search for a home, condo or apartment for rent across Canada, start you search at www.RentSeeker.ca or search on-the-go with RentSeeker.ca’s FREE iTunes and Google Play apps!

Let us know YOUR thoughts, comments and feedback on Canada’s Housing & Rental Markets by joining the conversation with The RentSeeker.ca Team on Twitter & Facebook!

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