By the end of the summer, it became clear Canada’s housing market is in the best shape it’s been since cratering last winter. In Vancouver, for instance, the number of sales in September was up 124 per cent over the previous year; in Toronto, sales were up 24 per cent. But as economists love to remind us, when demand goes up, so too do prices. Combined with an already short supply of houses on the market, this helped raise the average selling price by 11 per cent from the same quarter last year.
So, how far will your hard-earned cash take you in today’s market? Click below to find out.