Contributing editor, and data sherpa.
World’s largest bubble? Canadians aren’t buying it, but they are rushing to buy homes again. Canadian Real Estate Association (CREA) numbers show a massive jump in sales for July. The increase makes it the most July sales in years, with only 2 major markets showing declines. Canadian Real Estate Sales Rise Over 12% From Last […]
Vancouver’s detached real estate market made improvements, but it isn’t back to normal. Real Estate Board of Greater Vancouver (REBGV) numbers show sales made a huge climb in July. However, the double digit rise in sales still fell short of typical volumes for the month. As a result, the price of a typical detached home […]
Greater Toronto’s detached real estate market made big improvements last month. Toronto Real Estate Board (TREB) numbers show both prices and sales moved higher in July. While improved from last year, they haven’t returned to normal growth or volumes. Prices made a minimal move higher by the best performing measure, with suburbs doing best. Sales […]
A Canadian real estate bubble? Nah… as more and more three letter organizations declare Canada’s real estate prices unsustainable, Canada’s national housing agency thinks things are getting better. The Canada Mortgage and Housing Corporation (CMHC) latest report mentions improved fundamentals. The organization even went so far as to downgrade the risk in Greater Vancouver. About […]
Canada’s national statistics agency crunched numbers on the age and education of homeowners. Statistics Canada’s (Stat Can) latest study shows the rate of homeownership increased from 1999 to 2016. However, the increase in ownership is due almost entirely to aging demographics. The study also reveals that university educated households no longer have the highest rate […]
More people are jumping back into the Greater Vancouver real estate market. Real Estate Board of Greater Vancouver (REBGV) sales made a huge annual increase in July. The increase still fell short of typical volumes for the month, helping to send prices even lower. Greater Vancouver Real Estate Prices Are Still Falling Greater Vancouver real […]
Greater Toronto real estate buyers are back to buying… sort of. Toronto Real Estate Board (TREB) numbers showed the price of a typical home jumped July. The increase came with a large increase in sales numbers, but still fell short of typical for the month. Toronto Real Estate Prices Rise In July The price of […]
Canada’s largest bank is calling out the record amount of real estate development. RBC Economics released their July Canadian Housing Health Check. Economists from the bank only see two major elevated risks in major markets. Real estate affordability and lots of building remain the top concerns for markets. Canadian Real Estate Markets Are Mostly Stable […]
Canadian real estate is still one of the biggest drivers of the economy. Statistics Canada (Stat Can) numbers show gross domestic product (GDP) climbed in May. The monthly climb, which was higher than expected, was driven by growth in real estate and construction. Canadian Gross Domestic Product Rises 0.2% In May Canada’s real gross domestic […]
Greater Vancouver’s new home sales are slowing faster than anyone could have expected. Numbers from MLA Canada, a notable real estate advisory firm, show sales dropped in June. Absorption of new projects is now at a level so low, it’s expected to delay the launch of many new projects. Real Estate Developers Launched The Fewest […]
