October brought cooler temperatures and a hint of the winter to come, but there was no sign of it in Canada’s housing market.
“Canada’s largest housing markets remained piping hot last month — at, or near record highs — with suburbs getting much of the action and downtown areas seeing a lot of condos put up for sale,” said Hogue. Ottawa and Montreal stood out in October with sales up 34% and 37% respectively, beating big city rivals like Toronto, where sales were up 25%, and Vancouver, up 29%.notes that between June 2019 to September 2020, the benchmark price for a single-family home has surged 24% to $581,000. In all of Canada, only Woodstock, Ont. saw a faster pace of growth.The housing boom has even lifted markets in Calgary and Edmonton, which have seen their challenges in recent years.