Earlier this year, Realty Point had similar success when 90 per
cent of the detached homes at Grand River Woods sold out in two days.
Not exact matches
Paying for all
of the costs associated with a
detached home in the Vancouver area requires 121 per
cent of median household income; for a condo, it's 46 per
cent of income, making it Canada's least affordable city, according to economists at the Royal Bank
of Canada.
For example, the average price
of a two - storey
home increased 5.4 per
cent to $ 428,943 in the quarter, while
detached bungalows rose 4.4 per
cent year - over-year to $ 380,765.
During the second quarter
of 2014, affordability measures at the national level fell by 0.9 percentage points to 48.0 per
cent for two - storey
homes, by 0.6 percentage points to 42.5 per
cent for
detached bungalows and by 0.4 percentage points to 27.4 per
cent for condominium apartments.
Vancouver
home sales jumped 35 per
cent from a year ago and the average price
of a
detached home has climbed to $ C1.6 million.
Detached homes were selling for more than $ 1.8 million in April before the province moved in to cool the market by implementing a 15 per
cent tax on foreign buyers and extending rent control rules, two
of 16 measures that were part
of its Fair Housing Plan.
Meanwhile, high - end
homes in the $ 2 - million - plus range accounted for only 5.5 per
cent of detached house sales this year compared to 10 per
cent in April 2017.
The average benchmark selling price
of a single - family
detached home in the Greater Vancouver Area rose 11 per
cent to $ 1.49 million.
Realtor Royal LePage is reporting today that average housing prices increased between 2 and 4 % per
cent in Q4
of 2012 compared with the year before, although prices declined in all three tracked categories
of home (
detached bungalows, standard two - storey and standard condominiums.)
The average price
of a
detached home in the City
of Toronto hit $ 1,573,622, 29.8 per
cent higher than a year ago.
In Ottawa,
home ownership costs for a single - family
detached home in the fourth quarter took up 36.5 per
cent of a typical household's pre-tax income.
The Real Estate Board
of Greater Vancouver said Tuesday the average
detached home in the region sold for $ 1,532,242 in September, up from $ 1,470,265 a month ago, or 4.2 per
cent.
Detached homes in the city
of Toronto proper cost on average $ 1.2 million, up 18.3 per
cent.
It surely annoyed the Toronto Real Estate Board, which on March 3 reported that the average selling price
of a
detached home in the Greater Toronto Area was $ 1.2 million in February, a 32.5 per
cent increase from a year earlier.
According to the Real Estate Board
of Greater Vancouver,
detached homes have gone up in average value by 159 per
cent in the last decade — but attached
homes have gone up by 81 per
cent, and apartments by 61 per
cent.
While prices have surged, the number
of luxury
detached homes sold fell nearly 70 per
cent year - over-year in the first four months
of 2018, while luxury condo sales dropped about 28.1 per
cent compared to the first four months
of 2017.
The Toronto Real Estate Board says sales
of all major types
of residential property were down but the biggest decline was a 40.4 per
cent drop in sales
of detached homes.
In the Greater Toronto Area the median price
of a luxury
detached home remained relatively flat, down about 0.2 per
cent at $ 3,522,117, while the median price
of a luxury condo rose more than 10 per
cent to $ 1,710,365.
The gains were broadly based, with construction
of multiple units — typically condos and rental apartments — up 22.3 per
cent to 137,803 units, and single -
detached urban
home starts up 14.5 per
cent to 64,045 units.
Nationwide, 55 per
cent of first - time buyers settle on a fully
detached home with 17 per
cent opting for a condominium, 15 per
cent buying a townhouse and 13 per
cent purchasing a duplex.
In Atlantic Canada, fully
detached homes account for 71 per
cent of all first - time
home purchases.
The desire for a
detached, single - family
home dominates as the first choice
of 61 per
cent of those surveyed.
A
detached bungalow took up 36 per
cent of median pre-tax income, while a standard two - storey
home remains the least affordable with an index reading
of 41.8 per
cent.
Detached bungalows rose by 5.9 per
cent year - over-year and standard two - storey
homes made gains
of 6.7 per
cent, while the average price
of a standard condominium increased by 6.0.
In the second quarter, standard two - storey
homes and
detached bungalows both showed a year - over-year average price increase
of 2.7 per
cent to $ 419,614 and $ 386,547, respectively.
The price
of detached bungalows rose by 2.7 per
cent year - over-year, while standard two - storey
homes increased by 3.3 per
cent.
New construction kept condominium prices relatively flat in Regina at a 1.1 year - over-year decrease, but strong demand and critically low inventories
of detached bungalows and standard two - storey
homes drove price increases in these housing types
of 3.0 per
cent and 4.5 per
cent, respectively.
Residential sales in July included 365
detached homes (on par with July 2016), and 113 condominium units (down 21.5 per
cent) which includes any property regardless
of style (i.e. semis, townhomes, apartment,
detached etc.).
November's sales included 246
detached homes (down 30.9 per
cent), and 99 condominium units (down 15.4 per
cent) which includes any property regardless
of style (i.e. semis, townhomes, apartment,
detached etc.).
Detached bungalow prices rose by 3.1 per
cent year - over-year to $ 577,495 and standard two - storey
homes saw a gain
of 2.2 per
cent to $ 683,241.
Detached homes sold for an average price
of $ 519,507 for an increase
of 14.7 per
cent, while the average sale price for an apartment style condominium was $ 277,866 for an increase
of 13.9 per
cent.
Split by property type, 2,135 single - family
homes exchanged hands, an increase
of 24.8 per
cent from the 1,711
detached sales recorded in March 2015, and a rise
of 20.1 per
cent compared with the previous month.
The area's typical
detached home is now priced at $ 1,403,200, a rise
of 30.1 per
cent compared with the same month last year, and once more the steepest price rise
of all the property types.
The region's typical
detached home is now priced at $ 1,513,800, a hike
of 36.9 per
cent compared with the same month last year, and yet again the sharpest price rise
of all the
home types.
The market recovery in September in the GTA was driven primarily by buoyant sales
of detached homes in the City
of Toronto, where prices climbed 13.8 per
cent in September compared to August.
Existing
home prices continue to grow in the city with the average price
of a
detached home up 20.7 per
cent in July from a year ago to more than $ 1.2 million.
Detached homes sold for an average price
of $ 554,857 an increase
of 10.7 per
cent compared to January
of last year.
Detached homes sold for an average price
of $ 582,851 a decrease
of 0.1 per
cent compared to March
of last year.
Single -
detached home prices in the city
of Toronto jumped by 32.3 per
cent in a year, and now average $ 1.35 million.
Our real - estate market has seen consistent increases in the cost
of housing, with the average price
of a
detached home in Toronto increasing by over 32 per
cent this past November from the same month last year, according to the Toronto Real Estate Board.
Per
cent of total —
Detached homes are a mainstay in many markets.
In the last half
of 2013, the
detached home market in Vancouver flourished, with a 74 per
cent increase in sales over $ 1 million compared to the same six - month period last year.
Detached homes continue to be the housing type
of choice for most Canadians who are likely to buy a
home in the next two years — 72 per
cent voiced this preference.
Detached homes sold for an average price
of $ 594,047 an increase
of 35.3 per
cent, while the average sale price for an apartment style condominium was $ 293,158, an increase
of 25.8 per
cent.
Detached homes sold for an average price
of $ 513,873 in September for an increase
of 10 per
cent compared to a year ago.
Home sales in May included 493
detached homes (up 3.8 per
cent compared to May 2016), 180 condominium units (up 7.8 per
cent) which includes any property regardless
of style (i.e. semis, townhomes, apartment,
detached etc.).