Tag Archives: Vancouver

Is Toronto a housing bubble?


While Canada’s high-flying housing market continues to stabilize, it’s increasingly evident that one city — Toronto — is a glaring exception.

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.

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.

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Immigrants choose to settle in Canada’s largest cities


Immigrants are still choosing to start their lives in Canada in one of the “big three” -Toronto, Montreal and Vancouver – but there are signs of changing times.

Among all the census metropolitan areas, Toronto, Montreal and Vancouver again attracted most of Canada’s new immigrants, according to 2006 census data on immigration released Tuesday by Statistics Canada.

Of the 1.1 million immigrants who landed in Canada between 2001 and 2006, about 70 per cent settled in one of the “big three” and about 28 per cent headed for other urban areas. Only three per cent chose to settle in a rural area, the 2006 census found.

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