Canada

North Toronto Dept: Real estate experts call it the "new reality," and the high price paid for a north Toronto bungalow is the latest evidence, according to CBC. Located in Willowdale, where similar detached houses typically sell for just short of $900,000, the bungalow at 300 Dudley Ave. was listed at $759,000 and overseas investors are snapping up properties in Canada's largest cities, driving up prices and pushing ordinary Canadians out of the housing market, observers say. Real Estate Mapping average home prices across Canada Where housing costs have gone up, down or stalled This month, the three-bedroom bungalow, circa the 1960s and without much updating, sold for $421,800 over the asking price, creating a buzz among agents and other buyers. (www.immigrantscanada.com). As reported in the news.