Slowing of the Greater Vancouver real estate market is hitting pre-sale condos. Numbers from MLA Canada, a condo pre-sale marketing agency, show new projects are seeing slow absorption in February. The slowing of sales is sending relative demand to levels that could send prices lower. Greater Vancouver New Condo Sales Are Plummeting Greater Vancouver condo […]
The once scorching hot Toronto new home market continues to cool. BILD GTA, a trade group representing GTA home builders, numbers show prices slipping in February. The slip wasn’t large, but combined with rising inventory and falling sales could get worse soon. Last month was the fewest sales for the month of February since the […]
Canadian real estate is cooling down even further from last year. Canadian Real Estate Association (CREA) numbers show the sales to new listings ratio (SNLR) declined further in February. The ratio, a relative measure of demand, showed more inventory and fewer sales are a broad trend. Markets taking the biggest hit are located in Greater […]
Canadian real estate markets are heading into the busy season with negative price growth. Canadian Real Estate Association (CREA) numbers show an annual decline for the price of a benchmark home in February. The decline for the benchmark is the first since 2009, and the first for the index outside of recession. Canadian Real Estate […]
Greater Vancouver real estate has been getting major price cuts this year. Real Estate Board of Greater Vancouver (REBGV) numbers show prices made a large drop in February. The price declines came as sales dropped to recession level lows, and inventory hit a multi-year high for the month. Greater Vancouver Real Estate Prices Are Down […]
Toronto real estate sales were recession like in numbers, but prices climbed higher. Toronto Real Estate Board (TREB) numbers show last month’s sales were the fewest for a February in a decade. The decline in sales were accompanied with a mixed change in inventory, and a rise in prices. Toronto Real Estate Prices Rise Over […]
Greater Toronto new home sales are off all-time lows, but not far from it. BILD GTA, a lobby representing homebuilders, noted a rise for new home sales in January. Last month may have seen an increase, but it was still very much below normal. Toronto Real Estate Prices Are Still Diverging Greater Toronto new home […]
Canadian real estate sales are off to a weak start in 2019. Canadian Real Estate Association (CREA) numbers show dollar volumes have made a sharp decline in January. The drop makes this month one of the weakest the country has seen in years. Real Estate Dollar Volume Dollar volume is a less popular, but very […]
Canadian real estate has cooled down significantly over the past few months. Canadian Real Estate Association (CREA) numbers show national price growth fell in January. The annual pace of growth for homes across Canada is now the lowest its been since the Great Recession. The trend is largely driven by broad weakness, with all but […]
The Greater Vancouver condo rush might have just turned. Real Estate Board of Greater Vancouver (REBGV) numbers show condo apartment prices declined for the first time in years this January. The decline came as sales for the month fell to a 9 year low, and inventory climbed to a multi-year high. Greater Vancouver Condo Prices […]
