What housing affordability crisis? The latest Canada Mortgage and Housing Corporation (CMHC) Housing Market Assessment shows real estate is at a “moderate” level of risk. The ratings, were largely unchanged, but did include one surprise. Toronto and Hamilton, previously at high vulnerability, received downgrades to their risk. Generally, more risk is seen in real estate […]
Greater Toronto real estate is picking up once again, especially the price momentum. Toronto Real Estate Board (TREB) numbers show prices made a larger than usual climb in October. Rising prices came as sales returned to normal volumes, and inventory dropped. Just in time for the Federal government to throw stimulus into the market. Greater […]
Greater Vancouver pre-sale real estate buyers are returning. MLA Canada data shows a large increase in sales for September. Rising sales commitments were also met with more inventory though. The net impact is weaker inventory absorption than last year, but a lot more choices for buyers. Greater Vancouver Pre-Sale Inventory Rises 42% Greater Vancouver saw […]
Greater Toronto new home sales made a big improvement from last year. Altus Group data shows sales of new homes were up big in September. Most of the increases were in the suburbs, and a lot of the increase has to do with a slow comparison period. Year to date, Greater Toronto new home sales […]
The Greater Vancouver condo market is seeing the return of buyers. Real Estate Board of Greater Vancouver (REBGV) data shows a big jump in sales for September. Despite the increase in sales, rising inventory helped to push prices even lower. Greater Vancouver Condo Prices Drop Over 6% Greater Vancouver condo apartment prices are still falling, […]
The Toronto condo market was expecting a big surge of buyers last month, and that they got. Toronto Real Estate Board (TREB) data shows sales made a double digit jump in September. Despite the big rise in sales, prices made the second smallest monthly increase of the year. Toronto Condo Prices Make Smallest Increase Since […]
Who needs government stimulus? Canadian real estate sales are on the rise, in almost every major market. Canadian Real Estate Association (CREA) numbers show real estate sales are back to pre-cooling measures, as of September. The big spike in sales may have you thinking of a recovery. However, CREA’s chief number cruncher expressed some concerns. […]
Greater Vancouver real estate sales have made a massive jump from last year, but it’s not nearly enough. Real Estate Board of Greater Vancouver (REBGV) numbers show sales climbed over 40% in September. The massive increase in sales volume wasn’t enough to stop prices from falling. In the City of Vancouver, prices are back to […]
A big Swiss bank recently ranked Toronto real estate the second biggest bubble in the world, but the city can’t hear them. Toronto Real Estate Board (TREB) numbers show price growth accelerating in September. The increase in growth comes after sales and inventory returned to typical volumes. Toronto Real Estate Prices Rise Over 5% The […]
One of the world’s largest banks is seeing the beginning of a global real estate correction. UBS, a Swiss multinational mega-bank, published the 2019 Global Bubble Real Estate Index. Analysts from the bank are seeing more favorable financing conditions around the world. Despite the cheap money, the bank is also seeing the beginning of a […]
