Canada's real estate gold rush

Potential pricing problems and why you should be wary of preconstruction condos with baked-in appreciation

Ruth Saldanha 3 December, 2019 | 1:13AM

 

 

Ruth Saldanha: Real Estate sales in Canada are booming and as a result, prices are being pushed higher. According to the Canadian Real Estate Association, price growth was much stronger in Ontario and Quebec, while Western Canada still dragged. For many Canadians, homeownership is still a major desire. And for many retirees, their home is the single largest asset that they own. For those who can't afford to buy investment properties though, at these prices, does it even make sense to invest in Canadian real estate? With me to discuss this is John Pasalis, President of Realosophy.

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Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca