Drive Prices

: The report gives average residential sale prices and comparisons to the year before, according to The Chronicle Herald. For example, low inventory in Vancouver and Toronto continue to drive prices, resulting in an increase of seven and eight per cent, rising to $594,827 and $874,869, respectively. The report is detailed and extensive, taking into account all of the country major centres and can be used as one way to look at changing demographics and realities. The report also provides a snapshot of who is looking to live where, and why. A related and interesting trend reported in many Canadian housing markets, including Halifax, is the increase of single buyers. It indicates that condominium buyers are attracted to more than just affordability, especially Millennials who are attracted to a more urban, car-free lifestyle in the heart of the city. (www.immigrantscanada.com). As reported in the news.