Toronto Real Estate Prices Fell An Average of $1k/Day, Down Over 15% From Peak
Greater Toronto real estate prices continued to fall in August, with the cost of a typical home now back to October 2021-levels.
Ontario Consumer Insolvencies Jump Higher With The Lion’s Share In Toronto
Canada’s debt problem hit the pause button on consequences for the past couple years, but it’s back. Office of the Superintendent of Bankruptcy Canada (OSB) data shows a sharp uptick for consumer insolvencies in Q2 2022. The province’s biggest cities carried most of the growth, even making up for the drops seen in some smaller […]
Canadian Consumer Insolvencies Are On The Rise, But Still Below Typical Levels
A lot more Canadians are suddenly seeking protection from lenders, but no need to ring the alarm — yet, at least. Consumer insolvency filings climbed in May, shows Office of the Superintendent of Bankruptcy (OSB) data. It was a substantial increase too, possibly raising concerns about rising rates. While volumes are rising, a base effect […]
Greater Toronto Real Estate Has Seen Sale Prices Drop Up To $190,000 In Some Regions
Greater Toronto real estate sellers are learning a lot can change in just one month. Toronto Regional Real Estate Board (TRREB) data shows the median sale price dropped in May. The majority of cities across the board are now seeing price declines as rates normalize. The Median Sale Price of Greater Toronto Real Estate Fell […]
Greater Toronto New Home Prices Fell Over $50k Last Month As Sales Cool
Greater Toronto new home prices are finally starting to cool. Data from Altus Group and BILD GTA shows new home prices fell in April. Fewer sales and more inventory definitely contributed to softer prices. However, inventory is still very tight compared to historic levels. More likely, the threat of rising rates deflated exuberance, driving prices […]
Most Canadian Real Estate Markets Have Slowed, Prices Fell Up To $40k In A Month
Canadian real estate went from rising tens of thousands per month to falling just as fast. In March, most markets saw monthly growth of the benchmark price fall, according to CREA data. The issue is more pronounced in Ontario, where markets fell up to $40k over just a few days. Most Canadian Real Estate Markets […]
Greater Toronto Real Estate Prices Fell $22,000 Over Just A Few Days
Easy come, easy go. Greater Toronto real estate prices have been booming, but are suddenly changing course. Toronto Regional Real Estate Board (TRREB) data shows prices pulled back in April. Home sales plummeted much faster than inventory, easing the pressure driving prices higher. Greater Toronto homes went from rising tens of thousands per month to […]
Greater Vancouver Real Estate Sales Drop 30%, Enters Balanced Market
Greater Vancouver real estate is adjusting to a world with higher rates very quickly. Real Estate Board of Greater Vancouver (REBGV) data shows home sales fell sharply in April. They even fell faster than inventory, actually releasing pressure on prices to rise. Home prices are seeing growth decelerate fast as the region enters a “balanced […]
Ontario Real Estate Prices Have Surged Up To 111% Since 2020
Ontario real estate has grown so fast, the rest of Canada’s housing bubble looks tame. Canadian Real Estate Association (CREA) data shows major markets saw prices rise at least 60% since 2020. Some housing markets have even seen prices more than double in just over two years. Ontario’s Top Real Estate Markets Have Seen Prices […]
Vancouver Real Estate Inventory Improves, Median Sales Price Falls
Vancouver real estate just had a little froth shaved off last month. Real Estate Board of Greater Vancouver (REBGV) data shows home prices jumped in March. Diving deeper, the benchmark climbed but median sale prices fell in the City. Mixed price indicators came as the hot market also showed signs of weakness. While inventory is […]
