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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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Bimbo Canada closing Quebec City bakery, affecting 141 workers

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MONTREAL – Bakery company Bimbo Canada says it’s closing its bakery in Quebec City by the end of the year, affecting about 141 workers.

The company says operations will wind down gradually over the next few months as it moves production to its other bakeries.

Bimbo Canada produces and distributes brands including Dempster’s, Villaggio and Stonemill.

It’s a subsidiary of Mexico-based Grupo Bimbo.

The company says it’s focused on optimizing its manufacturing footprint.

It says it will provide severance, personal counselling and outplacement services to affected employees.

This report by The Canadian Press was first published Sept. 19, 2024.

The Canadian Press. All rights reserved.



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NDP to join Bloc in defeating Conservatives’ non-confidence motion

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OTTAWA – The New Democrats confirmed Thursday they won’t help Pierre Poilievre’s Conservatives topple the government next week, and intend to join the Bloc Québécois in blocking the Tories’ non-confidence motion.

The planned votes from the Bloc and the New Democrats eliminate the possibility of a snap election, buying the Liberals more time to govern after a raucous start to the fall sitting of Parliament.

Poilievre issued a challenge to NDP Leader Jagmeet Singh earlier this week when he announced he will put forward a motion that simply states that the House has no confidence in the government or the prime minister.

If it were to pass, it would likely mean Canadians would be heading to the polls, but Singh said Thursday he’s not going to let Poilievre tell him what to do.

Voting against the Conservative motion doesn’t mean the NDP support the Liberals, said Singh, who pulled out of his political pact with Prime Minister Justin Trudeau a few weeks ago.

“I stand by my words, Trudeau has let you down,” Singh said in the foyer outside of the House of Commons Thursday.

“Trudeau has let you down and does not deserve another chance.”

Canadians will have to make that choice at the ballot box, Singh said, but he will make a decision about whether to help trigger that election on a vote-by-vote basis in the House.

The Conservatives mocked the NDP during Question Period for saying they had “ripped up” the deal to support the Liberals, despite plans to vote to keep them in power.

Poilievre accused Singh of pretending to pull out of the deal to sway voters in a federal byelection in Winnipeg, where the NDP was defending its long-held seat against the Conservatives.

“Once the votes were counted, he betrayed them again. He’s a fake, a phoney and fraud. How can anyone ever believe what the sellout NDP leader says in the future?” Poilievre said during Question Period Thursday afternoon.

At some point after those comments, Singh stepped out from behind his desk in the House and a two-minute shouting match ensued between the two leaders and their MPs before the Speaker intervened.

Outside the House, Poilievre said he plans to put forward another non-confidence motion at the next opportunity.

“We want a carbon-tax election as soon as possible, so that we can axe Trudeau’s tax before he quadruples it to 61 cents a litre,” he said.

Liberal House leader Karina Gould says there is much work the government still needs to do, and that Singh has realized the consequences of potentially bringing down the government. She refused to take questions about whether her government will negotiate with opposition parties to ensure their support in future confidence motions.

Bloc Québécois Leader Yves-François Blanchet hasn’t ruled out voting no-confidence in the government the next time a motion is tabled.

“I never support Liberals. Help me God, I go against the Conservatives on a vote that is only about Pierre Poilievre and his huge ambition for himself,” Blanchet said Thursday.

“I support the interests of Quebecers, if those interests are also good for Canadians.”

A Bloc bill to increase pension cheques for seniors aged 65 to 74 is now at “the very centre of the survival of this government,” he said.

The Bloc needs a recommendation from a government minister to OK the cost and get the bill through the House.

The Bloc also wants to see more protections for supply management in the food sector in Canada and Quebec.

If the Liberals can’t deliver on those two things, they will fall, Blanchet said.

“This is what we call power,” he said.

Treasury Board President Anita Anand wouldn’t say whether the government would be willing to swallow the financial implications of the Bloc’s demands.

“We are focused at Treasury Board on ensuring prudent fiscal management,” she said Thursday.

“And at this time, our immediate focus is implementing the measures in budget 2024 that were announced earlier this year.”

This report by The Canadian Press was first published Sept. 19, 2024.



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Anita Anand sworn in as transport minister after Pablo Rodriguez resigns

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OTTAWA – Treasury Board President Anita Anand has been sworn in as federal transport minister at a ceremony at Rideau Hall, taking over a portfolio left vacant after Pablo Rodriguez resigned from cabinet and the Liberal caucus on Thursday.

Anand thanked Rodriguez for his contributions to the government and the country, saying she’s grateful for his guidance and friendship.

She sidestepped a question about the message it sends to have him leave the federal Liberal fold.

“That is a decision that he made independently, and I wish him well,” she said.

Prime Minister Justin Trudeau was not present for the swearing-in ceremony, nor were any other members of the Liberal government.

The shakeup in cabinet comes just days after the Liberals lost a key seat in a Montreal byelection to the Bloc Québécois and amid renewed calls for Prime Minister Justin Trudeau to step down and make way for a new leader.

Anand said she is not actively seeking leadership of the party, saying she is focused on her roles as minister and as MP.

“My view is that we are a team, and we are a team that has to keep delivering for our country,” she said.

The minority Liberal government is in a more challenging position in the House of Commons after the NDP ended a supply-and-confidence deal that provided parliamentary stability for more than two years.

Non-confidence votes are guaranteed to come from the Opposition Conservatives, who are eager to bring the government down.

On Thursday morning, Rodriguez made a symbolic walk over the Alexandra Bridge from Parliament Hill to Gatineau, Que., where he formally announced his plans to run for the Quebec Liberal party leadership.

He said he will now sit as an Independent member of Parliament, which will allow him to focus on his own priorities.

“I was defending the priorities of the government, and I did it in a very loyal way,” he said.

“It’s normal and it’s what I had to do. But now it’s more about my vision, the vision of the team that I’m building.”

Rodriguez said he will stay on as an MP until the Quebec Liberal leadership campaign officially launches in January.

He said that will “avoid a costly byelection a few weeks, or months, before a general election.”

The next federal election must be held by October 2025.

Conservative Leader Pierre Poilievre said he will try to topple the government sooner than that, beginning with a non-confidence motion that is set to be debated Sept. 24 and voted on Sept. 25.

Poilievre has called on the NDP and the Bloc Québécois to support him, but both Jagmeet Singh and Yves-François Blanchet have said they will not support the Conservatives.

Rodriguez said he doesn’t want a federal election right away and will vote against the non-confidence motion.

As for how he would vote on other matters before the House of Commons, “it would depend on the votes.”

Public Services and Procurement Minister Jean-Yves Duclos will become the government’s new Quebec lieutenant, a non-cabinet role Rodriguez held since 2019.

This report by The Canadian Press was first published Sept. 19, 2024.

— With files from Nojoud Al Mallees and Dylan Robertson

The Canadian Press. All rights reserved.



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