With Canadian house prices at record highs, trade up to your twin-city dream home
Article by Garry Marr, January 24, 2015, Financial Post
“If you’ve ever dreamed of living somewhere else — maybe Rio, Berlin, Trieste — the value in your Canadian home right now could take you further than ever before.
Although price growth has slowed in some Canadian housing markets, prices reached a record $408,068 in 2014, across the country. For instance, the average detached Vancouver home was selling for more than $1.3 million at the end of 2014, with Demographia’s annual housing survey labeling it the second least affordable city in the world after Hong Kong.
With Canadian home prices at their all-time high and the loonie sinking fast against many major currencies, this could be your last chance to jump into another housing market.”
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