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Here's what you can find for the average price of a home in Canada – CTV News

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TORONTO —
The real estate market in Canada has been red hot in 2021 and homes are becoming increasingly expensive for prospective buyers. 

While the data from November is expected in the coming days, the Canadian Real Estate Association reported last month that the average residential home price rose to $716,585 in October, up 18.2 per cent from October 2020. Excluding Vancouver, Toronto and their surrounding areas, the national housing average price drops more than $155,000.

Christopher Alexander, senior vice president of RE/MAX Canada, said 2021 has been busy in the real estate world, but expects something closer to normal in the coming year.

“I really think 2022 is going to be a good year,” he told CTVNews.ca in a recent phone interview. “I think people should not expect the crazy price appreciation that we saw in 2021 to continue. It’s just not going to happen.”

Alexander cited slowly rising interest rates as a reason to expect a slowing housing market, but added that lack of supply may still drive prices into 2022.

But what is actually available for the average price point?

For Alexander, there are plenty of options out there for a nice home at an average price, depending on where you look.

“There are still pockets of Canada that are much more affordable than the average, like Saskatchewan, Newfoundland, Nova Scotia (and) New Brunswick,” he said.

CTVNews.ca complied a series of active MLS listings in major cities across the country for a look at what might be attainable for the average price in Canada and the results range from condo units, to townhomes, to entire island properties.

VICTORIA

(REMAX.ca)

Price: $744,900

Details: 3 bed, 3.5 bath

In nearby Langford, B.C., a three-bedroom townhome is available for a little above average, but includes a custom kitchen and backs onto a wooded area with a pond.

VANCOUVER

(REMAX.ca)

Price: $715,000

Details: 2 bed, 1 bath

In Vancouver’s River district, this two-bedroom condominium comes with a “contemporary designed kitchen” and is close to several parks and shopping areas

EDMONTON

(REMAX.ca)

Price: $719,800

Details: 6 bed, 4 bath

Described as a “luxury modern house” in Edmonton’s Pleasant View neighbourhood, this home comes with a fully furnished basement. 

CALGARY

(REMAX.ca)

Price: $715,500

Details: 4 bed, 3.5 bath

This home is described as the “very best” in the area and includes a deck in the backyard. It is close to Calgary’s Bowness Park.

Alexander believes that perspective homebuyers should be looking at Calgary as a true destination.

“I think (in) Calgary, you’ll get the most value out of any of the cities,” Alexander said. “Calgary’s got all kinds of great lifestyle amenities close to it, like the mountains and hiking and skiing and all that, but the challenge with Alberta is their economy is so one dimensional.”

“I think Calgary has got great long-term potential.”

WINNIPEG

(REMAX.ca)

Price: $724,900

Details: 3 bed, 2.5 bath

This custom-built home from 2014 comes with a double garage off the back of the home, wine fridge and a “built-in entertainment wall” with a gas fireplace.

TORONTO

(REMAX.ca)

Price: $719,900

Details: 2 bed, 1.5 bath

This two-bedroom condo located outside Toronto’s downtown core comes with several building features, including and a gym, pool, party room and yoga studio.

When it comes to cities such as Toronto and Vancouver, Alexander said detached homes for around the national average are out there, provided the buyer is willing to make some compromises.

“If you’re willing to sacrifice some things, you can find properties for much less,” he said.

“For much less than $700,000, you can get something pretty decent. Uou could probably find something big. It might not be in the best area, but it’s all about what your needs and wants are.”

OTTAWA

(REMAX.ca)

Price: $719,000

Details: 1 bed, 1.5 bath

This home in Ottawa’s Vanier neighbourhood features a detached garage and can be used for a low-rise apartment, according to the listing.

MONTREAL

(REMAX.ca)

Price: $719,000

Details: 4 bed, 2 bath 

This home on the southern part of the Island of Montreal comes with a sizable backyard, an attached carport, and is close to public transportation options.

HALIFAX

<br />

Price: $750,000

Details: 3 bed, 1 bath

While it is more than the national average, this cottage property comes with the entirety of Gezira Island on Lake MicMac in Dartmouth, complete with hiking trails and a docking system.

Alexander specifically highlighted Halifax as place where homebuyers can potentially find a deal and settle down in a desirable city.

“It’s a great city,” he said. “It offers a tremendous amount of amenities. You’ve got the ocean. You’ve got good schools and parks and hospitals, and the quality of life is fantastic.”

“If I was looking to buy something and I wanted an urban centre that isn’t expensive like Toronto or Vancouver, I would be looking at Halifax.”

ST. JOHN’S

(REMAX.ca)

Price: $699,900

Details: 4 bed, 3 bath

This house in the east end of St. John’s, N.L.features a sunroom, sauna and has a fully developed basement with a games room.

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Bad traffic, changed plans: Toronto braces for uncertainty of its Taylor Swift Era

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TORONTO – Will Taylor Swift bring chaos or do we all need to calm down?

It’s a question many Torontonians are asking this week as the city braces for the arrival of Swifties, the massive fan base of one of the world’s biggest pop stars.

Hundreds of thousands are expected to descend on the downtown core for the singer’s six concerts which kick off Thursday at the Rogers Centre and run until Nov. 23.

And while their arrival will be a boon to tourism dollars — the city estimates more than $282 million in economic impact — some worry it could worsen Toronto’s gridlock by clogging streets that already come to a standstill during rush hour.

Swift’s shows are set to collide with sports events at the nearby Scotiabank Arena, including a Raptors game on Friday and a Leafs game on Saturday.

Some residents and local businesses have already adjusted their plans to avoid the area and its planned road closures.

Aahil Dayani says he and some friends intended to throw a birthday bash for one of their pals until they realized it would overlap with the concerts.

“Something as simple as getting together and having dinner is now thrown out the window,” he said.

Dayani says the group rescheduled the gathering for after Swift leaves town. In the meantime, he plans to hunker down at his Toronto residence.

“Her coming into town has kind of changed up my social life,” he added.

“We’re pretty much just not doing anything.”

Max Sinclair, chief executive and founder of A.I. technology firm Ecomtent, suggested his employees avoid the company’s downtown offices on concert days, saying he doesn’t see the point in forcing people to endure potential traffic jams.

“It’s going to be less productive for us, and it’s going to be just a pain for everyone, so it’s easier to avoid it,” Sinclair said.

“We’re a hybrid company, so we can be flexible. It just makes sense.”

Swift’s concerts are the latest pop culture moment to draw attention to Toronto’s notoriously disastrous daily commute.

In June, One Direction singer Niall Horan uploaded a social media video of himself walking through traffic to reach the venue for his concert.

“Traffic’s too bad in Toronto, so we’re walking to the venue,” he wrote in the post.

Toronto Transit Commission spokesperson Stuart Green says the public agency has been working for more than a year on plans to ease the pressure of so many Swifties in one confined area.

“We are preparing for something that would be akin to maybe the Beatles coming in the ‘60s,” he said.

Dozens of buses and streetcars have been added to transit routes around the stadium, and the TTC has consulted the city on potential emergency scenarios.

Green will be part of a command centre operated by the City of Toronto and staffed by Toronto police leaders, emergency services and others who have handled massive gatherings including the Raptors’ NBA championship parade in 2019.

“There may be some who will say we’re over-preparing, and that’s fair,” Green said.

“But we know based on what’s happened in other places, better to be over-prepared than under-prepared.”

Metrolinx, the agency for Ontario’s GO Transit system, has also added extra trips and extended hours in some regions to accommodate fans looking to travel home.

A day before Swift’s first performance, the city began clearing out tents belonging to homeless people near the venue. The city said two people were offered space in a shelter.

“As the area around Rogers Centre is expected to receive a high volume of foot traffic in the coming days, this area has been prioritized for outreach work to ensure the safety of individuals in encampments, other residents, businesses and visitors — as is standard for large-scale events,” city spokesperson Russell Baker said in a statement.

Homeless advocate Diana Chan McNally questioned whether money and optics were behind the measure.

“People (in the area) are already in close proximity to concerts, sports games, and other events that generate massive amounts of traffic — that’s nothing new,” she said in a statement.

“If people were offered and willingly accepted a shelter space, free of coercion, I support that fully — that’s how it should happen.”

This report by The Canadian Press was first published Nov. 13, 2024.



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‘It’s literally incredible’: Swifties line up for merch ahead of Toronto concerts

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TORONTO – Hundreds of Taylor Swift fans lined up outside the gates of Toronto’s Rogers Centre Wednesday, with hopes of snagging some of the pop star’s merchandise on the eve of the first of her six sold-out shows in the city.

Swift is slated to perform at the venue from Thursday to Saturday, and the following week from Nov. 21 to Nov. 23, with concert merchandise available for sale on some non-show days.

Swifties were all smiles as they left the merch shop, their arms full of sweaters and posters bearing pictures of the star and her Eras Tour logo.

Among them was Zoe Haronitis, 22, who said she waited in line for about two hours to get $300 worth of merchandise, including some apparel for her friends.

Haronitis endured the autumn cold and the hefty price tag even though she hasn’t secured a concert ticket. She said she’s hunting down a resale ticket and plans to spend up to $600.

“I haven’t really budgeted anything,” Haronitis said. “I don’t care how much money I spent. That was kind of my mindset.”

The megastar’s merchandise costs up to $115 for a sweater, and $30 for tote bags and other accessories.

Rachel Renwick, 28, also waited a couple of hours in line for merchandise, but only spent about $70 after learning that a coveted blue sweater and a crewneck had been snatched up by other eager fans before she got to the shop. She had been prepared to spend much more, she said.

“The two prized items sold out. I think a lot more damage would have been done,” Renwick said, adding she’s still determined to buy a sweater at a later date.

Renwick estimated she’s spent about $500 in total on “all-things Eras Tour,” including her concert outfit and merchandise.

The long queue for Swift merch is just a snapshot of what the city will see in the coming days. It’s estimated that up to 500,000 visitors from outside Toronto will be in town during the concert period.

Tens of thousands more are also expected to attend Taylgate’24, an unofficial Swiftie fan event scheduled to be held at the nearby Metro Toronto Convention Centre.

Meanwhile, Destination Toronto has said it anticipates the economic impact of the Eras Tour could grow to $282 million as the money continues to circulate.

But for fans like Haronitis, the experience in Toronto comes down to the Swiftie community. Knowing that Swift is going to be in the city for six shows and seeing hundreds gather just for merchandise is “awesome,” she said.

Even though Haronitis hasn’t officially bought her ticket yet, she said she’s excited to see the megastar.

“It’s literally incredible.”

This report by The Canadian Press was first published Nov. 13, 2024.

The Canadian Press. All rights reserved.



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Via Rail seeks judicial review on CN’s speed restrictions

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OTTAWA – Via Rail is asking for a judicial review on the reasons why Canadian National Railway Co. has imposed speed restrictions on its new passenger trains.

The Crown corporation says it is seeking the review from the Federal Court after many attempts at dialogue with the company did not yield valid reasoning for the change.

It says the restrictions imposed last month are causing daily delays on Via Rail’s Québec City-Windsor corridor, affecting thousands of passengers and damaging Via Rail’s reputation with travellers.

CN says in a statement that it imposed the restrictions at rail crossings given the industry’s experience and known risks associated with similar trains.

The company says Via has asked the courts to weigh in even though Via has agreed to buy the equipment needed to permanently fix the issues.

Via said in October that no incidents at level crossings have been reported in the two years since it put 16 Siemens Venture trains into operation.

This report by The Canadian Press was first published Nov. 13, 2024.

Companies in this story: (TSX:CN)

The Canadian Press. All rights reserved.



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