(Source: move smartly)
Toronto and Vancouver have Canada’s hottest real estate market according to the Teranet-National Bank House Price figures released this week.
Looking at the appreciation in the Index from each city’s market bottom in 2009, Toronto is leading the way with a 13.6% increase in house values. Vancouver prices increased 11% followed by Ottawa at 8.7%. Toronto’s market bottomed in April 2009 versus June 2009 for Vancouver. This two month head start pushed Toronto’s appreciation ahead of Vancouver’s for November 2009, but prices in Vancouver are appreciating at a faster rate than Toronto.
Read the full article, “Toronto and Vancouver – Canada’s Hottest Real Estate Markets” at move smartly (Jan 28, 2010).