Blogs

The latest Teranet-National Bank Composite House Price Index revealed a slight drop in Canada's house prices last December. Repeat sales of single-family homes also slipped by 0.2 per cent from the month earlier.

The average price of a home in Canada hit another all-time high in October, rising 7.1 percent over the past year to just short of $420,000. However,  economists at Canada's major banks continue to warn that current house price trends can't continue.

Based on the United Nations Development Programme's Human Development Index, 24/7 Wall St. has compiled a list of the most and least livable countries. Data from the Human Development Index is based on three dimensions of human progress: Having a long and healthy life, being knowledgeable, and having a good standard of living. According to 24/7 Wall St.'s finding, Norway is the most livable country, while Nigeria is considered to be the least livable.

This past summer, CMHC attempted to determine the percentage of condos in Canada that are owned by domestic investors. Since then, it has admitted uncertainty of what percentage of condos are owned by foreign investors.