Article via HouseHunting.ca

Below is an interesting survey from mercer.com about the most expensive cities, surprisingly Toronto has now out ranked Vancouver as the most expensive Canadian city, with Ottawa being the least expensive.

• Luanda in Angola is the world’s most expensive city for expatriates; Karachi is the cheapest

• Top 10 ranked cities are dominated by Africa, Europe and Asia

• London drops 1 place to rank 18; Singapore...

Climbing home prices and tighter mortgage rules are closing doors to the real estate market for some new homebuyers, contributing to a near 15 per cent year-over-year decline last month in Canadian homesales.

The national average home price rose by eight per cent in April even as housing sales fell by 14.7 per cent from the year before, according to data released Tuesday by the Canadian Real Estate...

News release from the Real Estate Board of Greater Vancouver

Vancouver, BC - The Greater Vancouver housing market remained in balanced market conditions in January, although higher levels of buyer demand were seen in some of the region’s largest communities.

The number of properties listed for sale and those sold on the Multiple Listing Service® (MLS®) last month outpaced the 10-year average in both...

The house Manyee Lui is showing today is listed at $2.2 million. Although the lot is only 33 feet wide and the house is nothing more than a blandly handsome two-storey, Lui expects it to sell quickly, even though the market’s turned a little tepid. With 2,900 square feet, the place is big enough for four bedrooms and an additional self-contained suite. All things considered, she says, “It’s not so ...

But the number four in an address hurts price

Prices for detached homes in Metro Vancouver are holding steady, but condo prices have marked a slight drop, according to a new housing survey.