Toronto real estate is starting to look a little more volatile than it has over the past few months. Toronto Regional Real Estate Board (TRREB) data shows a mixed performance for composite benchmark prices in July 2021. Prices increased across the Greater Region, but actually fell in the City of Toronto. Both regions also saw […]
Canadians aren’t defaulting, but that’s the only thing healthy about household credit. TransUnion (TU) released their Credit Industry Indicator (CII) this month. The index gauges the overall health of consumer credit using various factors. Despite a booming mortgage market, credit health is still far from pre-pandemic levels. It only made minor improvements since the biggest […]
Toronto’s new home market is finally starting to cool, but it’s got a long way to go. Altus Group and BILD GTA data show new home sales were firm in June. Weakness in the city, especially for condo apartments, weighed on price growth though. Annual price growth is starting to slow, with condos even seeing […]
Canadian real estate inventory is improving, relieving pressure on home prices. We took a dive through the June sales to new listings ratio (SNLR) from CREA. While it helped to explain why price growth is slowing, we got a few emails asking if it was really due to falling sales. Or is inventory rising to […]
Canadian housing is cooling very fast, something few would believe a few months ago. Canadian Real Estate Association (CREA) data shows the national sales to new listings ratio (SNLR) fell in June. The measure, a proxy for demand, shows buyers are dropping out of the market faster than sellers. Most markets are now displaying this […]
Canadian real estate prices are rising at a breakneck speed — even with slowing sales. The RPS House Price Index (HPI) made a huge leap in June for almost all markets. It didn’t matter where, even small towns have begun to outperform big cities. Let’s dive into the frothy month Canada just had. Canadian Home […]
Greater Toronto’s new homes are on a rollercoaster, going from boom to bust, back to boom, and now… it’s interesting. BILD GTA data shows new home sales are cooling fast in May, especially when compared to earlier this year. Inventory was still tight for the month, but a lot of pressure has begun to release. […]
Vancouver Home Prices See 5-Figure Monthly Drop, As Resistance Suddenly Appears Greater Vancouver real estate prices have been on a tear, but that may be coming to an end. Real Estate Board of Greater Vancouver (REBGV) data shows prices generally climbed in June. Broken down by region though, the trend isn’t quite as positive. In […]
Greater Toronto real estate may be approaching its peak. Toronto Regional Real Estate Board (TRREB) data shows the benchmark price generally climbed in June. Instead of moving all in one direction like the past few months though, it broke into segments. The 905 is doing much better than the City, which continues to underperform. So […]
Canadian real estate markets are seeing a shift from peak activity earlier this year. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio (SNLR) fell in May. This is the fourth consecutive month the ratio has fallen since reaching a peak in January. While the SNLR is still high, buyers are […]