Daily Market Update

by REP15 Jan 2015
Real estate commissions to fall?
The Canadian Real Estate Association (CREA) includes more than 100,000 real estate brokers, agents and salespeople. The Toronto Real Estate Board (TREB) boasts the largest local association with more than 40,000 members, a jump of about 29 per cent since 2011. During that time, home sales have only grown by four per cent. What find out this means for realtors in the story here.

B.C. town a home for boomers? 
Osoyoos boasts one of Canada’s warmest climates and is just a short trip from B.C.’s Lower Mainland and Calgary, it’s a major draw for the over-50 set looking for a slower pace, making it ideal for baby  boomers. Find out more about the town in the story here. 

Detached homes lead price growth in Vancouver
The benchmark price for all home types rose year-over-year across Vancouver, with detached bungalows leading the way with growth of 7.5%. The average price for a detached bungalow in Q4 2014 was $1,124,642, up from about $1,046,200 in the same period last year, according to the Royal LePage House Price Survey and Market Survey Forecast released January 14. Read the full story here

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