Canadian real estate prices have once again turned into a runaway freight train. The Canadian Real Estate Association (CREA) October Home Price Index (HPI) made a big jump. Home prices across the country are now rising at the fastest annual rate since June. This has almost entirely reversed the pre-election slowing of growth. Canadian Home […]
Greater Toronto real estate prices were cooling but have reversed course post-election. Toronto Regional Real Estate Board (TRREB) data shows prices surged higher in October. Not a little either, but a typical home saw a monthly increase of nearly a year’s pay at the median wage. Stimulus driven pandemic demand met typical October inventory to […]
Toronto’s new home sales are re-entering the atmosphere but forming two distinct markets. BILD GTA and Altus Group data shows new home sales fell in September. Even with the dip, the volume remains historically strong for all segments. Prices are a little more complicated, with single-family homes soaring and condos dropping. Toronto Single-Family Home Prices […]
Greater Toronto real estate prices are once again soaring after a post-election boom. Toronto Regional Real Estate Board (TRREB) data shows composite home prices climbed in September. Price growth had been decelerating after peaking in the summer, but accelerated suddenly. Only one month of acceleration is too early to say the slowdown has reversed. However, […]
Greater Vancouver real estate prices got an abrupt bump last month. Composite home prices jumped in September, according to the Real Estate Board of Greater Vancouver (REBGV). Prior to last month, the market had been slowing after large growth over the past year. Even with a recent boom, homeowners that bought at the previous peak […]
Canadian real estate saw the fewest home sales in over a year, as the market continues to cool. Canadian Real Estate Association (CREA) data shows existing-home sales fell in August. Despite falling, the month printed the second biggest number ever. Sales are also still much higher than normal. That said, it was a very sharp […]
Greater Toronto real estate has been slowing down, but the city seems to be slowing much faster. Toronto Regional Real Estate Board (TRREB) data shows mixed home price moves in August. Toronto’s suburbs, aka the 905, continued to print gains, while prices in the City fell. Both regions showed a second month of deceleration for […]
Canadian subprime credit inquiry volumes are falling, but still lead the market. TransUnion updated some of its credit indicators for Q2 2021 today. Overall improvements are seen in credit health, with high-quality borrowers leading in growth. However, the subprime segment has been contracting at a smaller and smaller rate. Smaller contractions can mean the segment […]
It looked like Vancouver’s condo market was picking up, but it hasn’t made up its mind. Real Estate Board of Greater Vancouver (REBGV) data shows condo prices fell in July. Over the past year, this segment has been relatively weak compared to the rest of the country. Just a few months ago that looked like […]
Toronto condo prices are falling, according to the country’s biggest real estate board. Though people are bidding over ask, and inventory is tightening, paradoxically. That’s what the Toronto Regional Real Estate Board (TRREB) data shows for July. The mix of indicators all adds up to a balanced market, but the picture of where it’s heading […]
