Canada’s Best Value Real Estate Markets
Story Via CTV – Realtor Monte Burris appears on CTV’s Your Morning, Monday, July 10, 2017.
Canada’s best value real estate markets according to Toronto broker Monte Burris, owner of Trust Realty Group, as he told CTV, are not blanketed across Canada, but are to be found in distinct towns and cities. These are his top choices, based on average sale prices across all housing types in the first quarter of 2017:
1. VICTORIA, B.C. – $585,745 – Fantastic climate, waterfront, huge appreciation potential but much less expensive than Vancouver
2. VERNON, B.C. – $466,678 – All the benefits of the Okanagan but more than $150,000 cheaper than Kelowna, double digit growth rates, great year-round recreation
3. REGINA – $313,903 – Turnaround is underway, growing population, a young city with great energy and affordable lifestyle
4. MONTREAL – $349,549 – A city that is now in a new renaissance when it comes to real estate, great culture, food, nightlife, architecture, double-digit growth
5. THUNDER BAY, Ont.– $219,249 – A great retirement community offering the best bang for a buck, northern Ontario lifestyle and recreation, very affordable when compared to average income
6. GUELPH, Ont. – $441,880 – High-water mark of growth at 26 per cent year over year, Toronto at its doorstep but without Toronto pricing
7. BARRIE, Ont. – $469,700 – Small and affordable community with more northern lifestyle, close to amenities of Toronto, about 10 per cent growth year over year
8. MONCTON, N.B. – $168,300 – Active business community with a lot of culture, extremely affordable compared to incomes
9. CHARLOTTETOWN, P.E.I. – $178,489 – A hidden treasure and so inexpensive, great beauty, ocean living
As far as Montreal Real Estate goes, the numbers don’t lie. Here are some articles about why Montreal is currently one of Canada’s best value real estate markets.
The 0.25 per cent increase in the Bank of Canada’s key interest rate, announced on Wednesday, is unlikely to slow gains in Montreal’s real-estate market, according to Paul Cardinal, the manager of Market Analysis for the Quebec Federation of Real Estate Boards.
Housing prices in Montreal were up across the board during the second quarter of 2017 compared with the year-earlier period, according to a report released by real-estate company Royal LePage on Thursday. However, there were declines in some areas from the previous three-month period.
Featured photo © By Bonnie Meisels, all rights reserved