If you’re looking for a new condo in Greater Vancouver, a whole lot of supply is kicking around. Numbers from MLA Canada, a Vancouver-based real estate advisory firm, show a huge number of projects are expected to hit the market this month. The increase of new pre-sale units for sales comes at the same time […]
Greater Toronto real estate may not be much more affordable, but it’s a lot easier to find a new home. Altus Group and BILD GTA data show a lot more new home inventory in September. The market is also seeing fewer new home sales, and lower prices for detached home… but higher condo prices. Greater […]
Canadians aren’t shying away from borrowing against their homes, even with higher interest rates. Office of the Superintendent of Financial Institutions (OSFI) filings reveal the balance of loans secured by real estate has reached a new high in August. Slowing home price growth and a higher cost of borrowing did little to slow down growth […]
Canadians held onto more cash, but a credit slowdown is still brewing. Bank of Canada (BoC) numbers show the M1+ saw mild acceleration in August. Don’t let the mild acceleration of broad money growth fool you, it’s actually still pretty bad. The pace of growth is almost half of where it was last year, and is […]
Last year’s booming real estate markets are this years fastest cooling ones. Canadian Real Estate Association (CREA) numbers show a major shift in SNLR in September. The indicator, used to determine a buyer’s or seller’s market, actually fell in all but two major markets. Sales To New Listings Ratio (SNLR) The sales to new listings […]
Canadian real estate prices aren’t doing so hot, according a branch of the US Fed. Federal Reserve Bank of Dallas (Dallas Fed) numbers show real estate prices across Canada have turned negative in Q2 2018. The negative numbers are the first for Canadian real estate prices, since the Great Recession. Real House Prices… As Opposed […]
Canada’s real estate hubs of Toronto and Vancouver are slowing down. Canadian Real Estate Association (CREA) numbers show the price of a typical home in small cities climbed the most over the past year. In fact, the economic suburbs of Toronto and Vancouver have outperformed the cities over the past 5 years. Vancouver Real Estate […]
Greater Vancouver condo buyers are having a sudden shift in sentiment. Real Estate Board of Greater Vancouver (REBGV) numbers show price growth continued the trend of rapid price deceleration in September. The deceleration was most likely due to rising inventory and falling sales. The condo market has now exited a seller’s market for the first […]
Toronto’s condo buyers are tapering off, but prices are still inching higher. Toronto Real Estate Board (TREB) numbers show the price of a condo apartment hit a new all-time high in September. Despite the rise in prices, sales are sliding faster than inventory, relieving some of the pressure to move higher. Toronto Condo Prices Hit […]
Canadian real estate sales made a larger than exepcted decline in September, as the market got hit with the worst September since 2012.
