Real estate is booming, and prices are still rising across Canada's major cities. Average Toronto prices were up 5.2%, Vancover 2.1% and Calgary 8.6%, smashing predictions of a "bursting bubble" and showing promise of continual growth in 2014. These numbers have different meanings for different Canadians. Some may be very pleased as their home values have increased and their equity position is much stronger, while others may see their dream of home ownership increasingly harder to reach as prices continue to sky rocket.
Tell me what this means for you.? I would love to hear your thoughts or questions!!
Need more information, here is a great CBC article.