Vancouver Market: The Canadian Real Estate Association Show

Vancouver Dept: In sharp contrast to price moderation in most cities and a significant drop in Vancouver, where buyers are being priced out of the country's costliest market, Toronto buyers are on a spending spree - one that looks as if it won't end well, according to Montreal Gazette. On average, national home prices in March, influenced by the big Vancouver market, edged down half a percentage point from an exceptionally high level this time last year and while Canada's highflying housing market continues to stabilize, it's increasingly evident that one city, Toronto, is a glaring exception. New figures from the Canadian Real Estate Association show prices up by 10.5 per cent in Toronto over the past 12 months, the only major city with a double-digit gain. In contrast, Montreal gained a modest 3.7 per cent and Vancouver is down by 3.1 per cent. (www.immigrantscanada.com). As reported in the news.