Contributing editor, and data sherpa.
Greater Vancouver condo buyers are having a sudden shift in sentiment. Real Estate Board of Greater Vancouver (REBGV) numbers show price growth continued the trend of rapid price deceleration in September. The deceleration was most likely due to rising inventory and falling sales. The condo market has now exited a seller’s market for the first […]
Toronto’s condo buyers are tapering off, but prices are still inching higher. Toronto Real Estate Board (TREB) numbers show the price of a condo apartment hit a new all-time high in September. Despite the rise in prices, sales are sliding faster than inventory, relieving some of the pressure to move higher. Toronto Condo Prices Hit […]
Canadian real estate sales made a larger than exepcted decline in September, as the market got hit with the worst September since 2012.
Toronto’s detached real estate market has improved from last year’s bloodbath, but not by much. Toronto Real Estate Board (TREB) numbers show that prices were mostly stalled in September. The stalled prices were accompanied by more sales, and even more inventory than last year. Before you get too excited about rising sales, it was the […]
Vancouver real estate is seeing rapid deceleration of price gains, and printed the worst sales numbesr in 27 years.
Toronto real estate saw prices make a mild increase, but logged fewer sales in September than August – which is unusual.
Toronto and Vancouver real estate are two of the world’s most bubbly markets, according to a Swiss mega bank. UBS analysts updated their Bubble Index, with both cities near the top of their list. The bank noted prices are elevated in most economic centers, so they’re not alone. Historically, analysts noted, elevated asset prices decline […]
Canadian real estate prices are just off of all-time highs. Canadian Real Estate Association (CREA) numbers show prices fell on a monthly basis in August, but were still positive from last year. The most interesting takeaway is the price growth deceleration across Canada, as interest rates rise. The rate of growth rapidly dropped, and bounced […]
The Canadian real estate market continues to get cooler. Canadian Real Estate Association (CREA) numbers show declines to the sales to new listings ratio (SNLR) in all but 3 major markets for August . The declines to SNLRs were largest Greater Toronto and Vancouver, last year’s hottest markets. Sales To New Listings Ratio The sales […]
The Canadian real estate industry expects sales to slow further than previously thought. Canadian Real Estate Association (CREA) economists have revised their annual forecasts. The good news is the summer was better than expected, leading to an improved outlook for 2018. The bad news is the ambitious 2019 forecast is looking less ambitious. CREA now […]
