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Tag: Affordability

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Price levels impede activity in townhouse markets

A sustained elevation in residential prices has slowed down new townhouse sales in Canada’s top markets, according to the latest market analysis by the Altus Group.

This has become especially evident in markets where significant numbers of buyers are moving away from single-detached properties due to these assets’ pricing.

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Computer Work

1 in 4 Canadians are in subprime or near-prime credit categories

A quarter of Canadians are in subprime or near-prime credit categories, which is adding to their fears of checking their credit score.

While 96% say they believe a good credit score is important, just 41% know theirs according to a Leger poll for Refresh Financial, a FinTech which helps Canadians with their credit history.

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Consult

Research reveals preference for single family homes

Despite rising housing costs, eight out of ten young, urban families in Canada’s key metropolitan areas would prefer to live in a detached single family home if money was no object.  This was one of the main highlights in a recent report released by Mustel Group and Sotheby’s International Realty Canada on home ownership trends among modern families.

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