Greater Toronto new home sales dropped to one of the lowest levels in history. Altus Group and developer association BILD data shows it was the slowest May for sales on record. The decline in sales has slowed new project launches, helping to push inventory lower. Declining inventory isn’t that big of a deal right now […]
Canadian real estate sales aren’t falling as much as the month before, but remain substantially lower. Canadian Real Estate Association (CREA) data shows home sales fell in every major market in May. The decline in sales was smaller than the month before, but still remains at one of the lowest volumes in decades. Even CREA […]
Greater Toronto real estate sales are still frozen by the pandemic, but the inventory ratio is improving. Toronto Regional Real Estate Board (TRREB) described prices as “virtually unchanged” in May. Home sales predictably made a sharp decline, however not as much as inventory – helping to relieve pressure for prices to move higher. Greater Toronto […]
Canadian real estate sales have dropped to the lowest level in a generation. Canadian Real Estate Association (CREA) data shows sales fell in April. Slower growth was expected going into this month, however not this slow. The volume for the month was the lowest since 1984 – when the population was a third smaller. Canadian […]
The Greater Toronto real estate roller coaster continues, with a pandemic thrown into the mix. Toronto Regional Real Estate Board (TRREB) data shows detached home sales and inventory made a sharp decline in April. Most people could have guessed that, but the impact on prices is a little less clear. The industry’s benchmark price shows […]
Greater Vancouver real estate is feeling pressure from the pandemic, but how much is up for debate. Real Estate Board of Greater Vancouver (REBGV) sales are down to multi-decade lows for April. That much is clear. Price indicators are all over the place though, with the slow moving benchmark showing the highest price growth in […]
Greater Toronto real estate is feeling the wrath of pandemic, but it’s not exactly clear how much. Toronto Regional Real Estate Board (TRREB) data shows sales made a big decline in April. That much is obvious. Prices are where it gets a little more muddy, with the benchmark price making a big climb from the […]
Greater Toronto new home sales were busy last month, but are expected to slow. Altus Group data shows new home sales nearly doubled last year’s volume in March. The rise in sales was met with no new project launches, causing inventory to tighten. Many buyers shrugged off the pandemic, but the firm’s analysts expect the […]
Greater Toronto real estate has seen volume drop off quickly since the pandemic. Toronto Regional Real Estate Board (TRREB) data shows the first 17 days of April has a big drop off in volume. Sales are dropping faster than new inventory, relieving pressure on prices to rise. The numbers prepared from the board are still […]
Canadian real estate buyers largely ignored warning signs going into last month. Canadian Real Estate Association (CREA) data shows sales climbed in March. Due to the pandemic, the country had distinct pre and post markets. Pre-pandemic declaration, a large number of buyers didn’t think the deteriorating economy would impact them. Post-pandemic declaration, buyers were literally […]
