The bad news keeps piling up for Vancouver real estate, as the city saw condos decline on almost every measure in December 2016.
The latest report from the Toronto Real Estate Board saw lower prices in December, but more sales and less inventory.
Calgary real estate joined Toronto and Vancouver’s markets when it came to declining detached home prices in December 2016.
The best market in a decade didn’t exactly help Calgary real estate. Instead it saw lower prices, less sales, and more inventory.
Vancouver real estate document erroneously names Chinese fund that “acts on behalf of the State, and manages real estate investments.”
Vancouver real estate threw some more mixed indicators last month, as the condo market saw stagnated prices, but higher absorption.
Toronto condos sold for higher prices, and even faster than last year – despite concerns that the market may be driven by speculation.
Latest numbers from the Toronto Real Estate Board show continued strong demand for single family homes in the GTA.
Vancouver real estate felt further pressure in November, with the composite average of homes falling $11,000 from October.
Toronto real estate was impacted minimally by new mortgage rules, as the first full report since the changes showed continued strong demand.