Contributing editor, and data sherpa.
If you’re looking for detached real estate in Greater Vancouver, you can expect to find a lot more inventory. Real Estate Board of Greater Vancouver (REBGV) numbers show detached listings reached a multi-year high for January. The inventory increase accompanied a multi-year low for sales, dropping prices to a 33 month low. Greater Vancouver Detached […]
The selection of detached homes in Greater Toronto has made a dramatic increase. Toronto Real Estate Board (TREB) numbers show detached inventory reached a multi-year high in January. Rising inventory combined with the second fewest sales since the Great Recession, helped to drop prices back to 2016 levels. Greater Toronto Detached Real Estate Loses Two […]
Buyers are turning on Vancouver real estate, as the epic run comes to an end. Real Estate Board of Greater Vancouver (REBGV) numbers show prices made a substantial decline in January. Falling prices came as a result of the multi-year high for January inventory, and a multi-year low for sales. Greater Vancouver Home Prices Are […]
Toronto real estate buyers demonstrated they are still exuberant, but there’s a lot less of them. Toronto Real Estate Board (TREB) numbers show prices climbed in December, but are off peaks. The month also came in at a multi-year for inventory, and the second fewest sales in 11 years. That sales number is likely to […]
If you’re looking for a new home in Greater Toronto, there’s a whack of supply that continues to rise. Altus Group numbers obtained from BILD show December inventory was the highest in years. The rising inventory came as the market saw the fewest new home sales since the Great Recession. Greater Toronto New Home Prices […]
Canadian real estate buyers spent a lot less cash last year. Canadian Real Estate Association (CREA) numbers show dollar volumes made a massive decline in 2018. The total amount spent on real estate resales made a massive drop, largely do to declines in Toronto and Vancouver. Why Look At Dollar Volume? Dollar volumes aren’t just […]
Canadian real estate listings are facing more competition, and less sales. Canadian Real Estate Association (CREA) numbers show the sales to new listings ratio (SNLR) fell across the country in December. The indicator, used as a proxy for demand, showed deterioration in all but 3 major markets. Sales To New Listings Ratio The sales to […]
Canadian real estate prices are starting to take a breather, after an epic run. Canadian Real Estate Association (CREA) numbers show prices across the country were down a few points in December. The vast majority of markets are now off all-time highs, with only two printing records in December. Canadian Real Estate Prices Are Down […]
Canadian real estate sales continue to cool. Canadian Real Estate Association (CREA) numbers show sales dropped to a multi-year low for December. Weakness was on display across the country, with only one major market seeing minor growth. Canadian Real Estate Sales Make Largest December Drop Since 2012 Canadian real estate sales printed on of worst […]
Vancouver’s detached real estate market has wiped out over a year of gains. Real Estate Board of Greater Vancouver (REBGV) numbers show prices continued to fall in December. The falling prices were accompanied by a record low for sales, and higher inventory. Greater Vancouver Detached Prices Fall Over 7% The price of a typical Vancouver […]
