Contributing editor, and data sherpa.
Some Canadian real estate buyers are blowing off last year’s decline in sales. Canadian Real Estate Association (CREA) numbers show sales made a large increase in May. The rise, while substantial, failed to bring volume to historically significant levels. Last month’s sales still fall short of the average. Canadian Real Estate Sales Jump, But Fall […]
The Greater Vancouver detached real estate scene is looking worse. Real Estate Board of Greater Vancouver (REBGV) numbers show prices fell to a three year low in May. The drop in prices came with the fewest May sales in over a quarter century. Greater Vancouver Detached Real Estate Prices Roll Back 3 Years Detached real […]
It’s been two years since Toronto’s detached real estate market peaked, and it’s not quite back to normal yet. Toronto Real Estate Board (TREB) numbers show prices made a small move higher in May. Rising prices are still significantly below the peak reached a couple years ago. Generally speaking, the market did see higher sales […]
Greater Vancouver real estate didn’t experience that spring bounce people were expecting. Real Estate Board of Greater Vancouver (REBGV) numbers show prices are down in May. The decline in prices was largely due to a sharp decline in sales, and an increase in inventory. Vancouver Real Estate Prices Drop Over 8% The price of a […]
Greater Toronto real estate prices increased, but sales are the headline story. Toronto Real Estate Board (TREB) numbers show prices increased in May. Sales of Toronto real estate posted a huge double digit gain, soaring above last year’s numbers. Unfortunately, as noted by the board itself, these sales numbers still fall short of a typical […]
Greater Vancouver real estate is seeing the new condo pre-sale market get hit hard. MLA Canada, a prominent Vancouver real estate marketing and analytics firm, numbers show condo apartment sales fell in April. The decline in sales has led to weaker absorption of new project launches. Developers plan to delay thousands of units, in anticipation […]
Greater Toronto new home data is mixed, showing some improvements as well as flags. Altus Group data shows new home sales across the region ripped much higher in April. The rise in new home sales were likely helped by improvements to prices. The price of a typical new single-family home is down from last year, […]
Greater Vancouver real estate’s hot spring market hasn’t materialized as of yet. Real Estate Board of Greater Vancouver (REBGV) numbers show condo apartment prices were down substantially in April. Last month was also saw the fewest sales in over a decade, which pushed inventory much higher. Vancouver Condo Prices Fail To Rise In April The […]
Toronto real estate might be slower, but condo prices are still pushing higher. Toronto Real Estate Board (TREB) numbers show the price of a typical condo reached a new record high in April. Sales picked up from last year, making it the second fewest sales in the past 5 years. Meanwhile inventory increased to a […]
Demand for Canadian real estate is picking up in some markets, but it’s still far from where it used to be. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio fell across Canada in April. Markets that underperformed the national price boom in 2017, now lead demand growth. British Columbia, once […]
