Canadian real estate markets are seeing demand improvements, just not in British Columbia. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio (SNLR) increased in August. The ratio, which gives a quick snapshot on how soft the market is, generally increased. British Columbian real estate was a notable exception. Cities in […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Prices Reach A New All-Time High Ahead Of Government Cash Canadian real estate price growth has stopped decelerating, at least for now. The C11, a price index for Canada’s 11 largest markets, showed an increase of 0.41% in […]
Canadian real estate price growth is accelerating ahead of the government’s helicopter cash. Teranet – National Bank of Canada House Price Index (TNC HPI) shows prices reached a new all-time high in August. The sudden acceleration of price growth came largely from smaller markets. Most cities saw price growth last month, with Vancouver being a […]
The Greater Vancouver condo market is seeing some improvements, but not many. Real Estate Board of Greater Vancouver (REBGV) data shows the price of a condo apartment fell in August. The declines are getting smaller though, as sales and inventory find a better mix. Greater Vancouver Condo Prices Are At Down To 2017 Levels The […]
The Toronto condo market is seeing prices climb even higher these days. Toronto Real Estate Board (TREB) data shows the price of a typical condo apartment reached an all-time high in August. The rise in prices is being attributed to falling inventory, and climbing sales. Toronto Condo Prices Rise 8% From Last Year The price […]
Canadian households are sending a lot more cash to lenders, but it’s not paying their debt down. Statistics Canada (StatCan) data shows household mortgage payments jumped in Q2 2019. Rising payments are seeing fewer dollars pay off debt, and more towards carrying it. Canadians Paid Over $93 Billion On Mortgages Canadian real estate owners paid […]
Canadian households are getting access to cheaper credit, after a brief rise in rates. Bank of Canada (BoC) data shows the interest rate households paying fell in September. Borrowing rates have been falling since hitting a multi-year high earlier this year. Currently they’re still higher than they were during peak real estate price growth. However, […]
Canadian real estate sales were busier than last year, but fell from peak 2019 growth. Canadian Real Estate Association (CREA) numbers show a large climb in sales for August. Falling mortgage rates, and anticipation of policy drive market growth were behind some of the country’s largest rises. Canadian Real Estate Sales Rise Over 5% Canadian […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate StatCan: Canadian New Home Prices Fall The Most Since 2009 Canadian new home prices are sliding, according to Statistics Canada. The national New Home Price Index (NHPI) fell 0.1% in July, when compared to a month before. This represents a […]
Canadian new home prices are dropping for the first time in nearly a decade. The Statistics Canada (StatCan) New Home Price Index (NHPI) shows prices dropping for a third consecutive month in July. The national decline in new home prices in 2019 is the first since the Great Recession. Canadian New Home Prices Fall For […]
