We laid a lot of interesting facts on you in part one and part two of this series, but now it’s time to get a lot more fun, particularly since the Canada 150 celebrations are just around the corner.  Here are another 50 Canadian real estate facts for part three of the series.  Let’s find more out about some of the most unusual and unlikely places to live in Canada mixed in with some need to new real estate mortgage and facts.

  1. Lighthouses in Canada date back to 1734.
  2. The smallest house in Toronto was built in 1912.
  3. It’s built in a space just wide enough for a car to drive through.
  4. Built by well-known contractor Arthure Weeden, he lived there with his wife for 20 years.
  5. Celebrities love to cottage in Canada.  The following big stars who frequently enjoy the great white north for some outdoors R&R include Martin Short, Jim Carrey, Steven Speilberg, Goldie Hawn and Kurt Russell, Tom Hanks, and Halle Berry.
  6. Celebs who own mansions/ large homes  in Ontario include: Drake, Mark Wahlberg, and Rachel McAdams.
  7. It costs five times as much to upgrade from condo to a house in Toronto compared to five years ago.
  8. Boswell Glass House, Boswell, British Colombia is a house made by a retired funeral director, entirely out of old embalming bottles.
  9. Lunenburg, Nova Scotia boasts having the most colourfully painted homes in the country.
  10. Canada’s smallest populated town is Tilt Cove, Newfoundland and is home to four people.
  11. Want to live high above sea level? Move to Lake Louise Alberta since they have the highest elevation in the country.
  12. Want to live or visit a Canadian Town with an unusual name? Consider moving to Crotch Lake, Dildo, Climax, Conception Bay or Shag Harbour.
  13. Quebec City is the only walled city in all of North America.
  14. Better up your house insurance if you want to live in Bay of Fundy on the water, that’s where the countries highest tides happen.
  15. Canada’s population density, at 3.3 inhabitants per square kilometre (8.5 /sq mi), is among the lowest in the world.
  16. Toronto’s home affordability is the worst it’s been in 25 years.
  17. Recently West Vancouver house prices increased by over 50% as its population decreased.
  18. Toronto home construction plummeted during the 2008-2009 recession, while the economy has recovered, home construction hasn’t.
  19. Montreal has a similar housing “shortage” to Toronto, however housing remains more affordable.
  20. Buying in Vancouver and Toronto is more expensive than Paris, New York or Tokyo
  21. Toronto has a half house at Village by the Grange.  When the properties surrounding were purchased the owner of #54 1/2 wouldn’t sell.  The half house remains there today.
  22. Leslieville has a house on Bertmount Ave that is decorated with many, many figurines and dolls to the point where it routinely draws curious neighbours, locals, and tourists.
  23. 31 percent of Canada is taken up by forests. So no housing in nearly a third of the country.
  24. Canada is a small population country, with most  people living close to the US-Canada border in urban areas like Vancouver, Montreal, Toronto and Quebec.
  25. Nearly 90% of all Canadians live within 200km of the Canada-USA border.
  26. The average household in Canada is 2.6 people.
  27. Beginning in December 2000, the Bank began making interest rate announcements on eight pre-specified dates per year, this is a good way to look at mortgage rate trends.
  28. Looking for walkable neighbourhoods is becoming more and more important.  There are currently 459 cars for every 1000 people in Canada.
  29. Canada’s tallest condo is the Aura condo tower at Yonge and Gerrard.
  30. But it might not remain that way for long,  Urban Toronto Cresford Developments is submitting a proposal for an even taller condo in the same area.
  31. A Toronto subway map is helping those looking for homes figure out what areas they can afford to live in.
  32. The most affordable housing is on line 3 (Scarborough) line ranging from around 575K-700K
  33. The most expensive subway line to live on is line 1 with prices ranging from around 800K-2.7 million dollars.
  34. A recent survey by the Toronto Real Estate Board reveals that: 30 per cent of GTA households are very likely (12 per cent) or somewhat likely (18 per cent) to list their house over the next year.
  35. In the same survey: 15 per cent of households said that the Fair Housing Plan was the primary reason why they would list their home for sale over the next year.
  36. The survey also revealed: 80 per cent of households who said they were likely to list their home said they would be purchasing another home.
  37. First time home buyers may to blame for the recent market.  The survey showed: There was a marked decline in the number of intending first-time buyers compared to the fall.  In the May survey, 40 per cent of likely buyers indicated they would be first-time buyers, which was down from 53 per cent in Ipsos’ fall survey.
  38. The most expensive mansion in Vancouver just listed for 63 million dollars.  Check it out here
  39. The Toronto Real Estate Board calculated 2,999 sales in the first two weeks of June.
  40. New listings for June so far have jumped to 22 percent.
  41. Toronto prices have currently dropped 12 percent from their peak.
  42. A recent CMHC survey revealed over 75 percent of mortgage consumers research online.
  43. Digital mortgages may be the wave of the future: Almost half of mortgage consumers (48%) say they would be comfortable using more technology for mortgage transactions.
  44. A Genworth survey revealed that as many as 39 percent of first time buyers either doubled down on their mortgages or made annual lump sum payments to pay off their mortgages sooner.
  45. In Ontario landlords will be able to raise your rent by 1.8 percent next year.  Does that mean it’s time to buy?
  46. In building condos, the builder needs to sell over 75 percent of the units before they secure bank financing for their project.
  47. Thinking of moving outside of the GTA?  So are a lot of other people. Barrie home prices soared 34.3% annually in May.
  48. The stronger Canadian economy has created demand for more housing in Yellowknife.
  49. Waterfront properties are the biggest draw in New Brunswick.
  50. While you may have written Canada on your address for many many years, it really didn’t become a country until 1982, the year the constitution was repatriated.

 

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