Canada was told that more supply would fix its housing crisis. Now that it’s here, it clearly wasn’t buyers clamouring for that supply—not at these prices, anyway. Canadian Real Estate Association (CREA) data shows prices climbed slightly in April. However, the mild increase wasn’t due to rising sales or tightening inventory. Instead, the move looks […]
Policymakers broke Canada’s real estate market, and now it faces 7 years of bad luck. The Canadian Real Estate Association (CREA) slashed growth expectations for sales and prices, forecasting a 7th year of stagnating prices. They warn the first quarter was weaker than previously anticipated, as factors that drove growth before are over. Even with […]
Home prices typically fall to stimulate demand, but that’s not the case in Canada, apparently. Canadian Real Estate Association (CREA) data shows the price of a typical home climbed in March. Despite this upward tick, it was the weakest sales for the month since 2009. A real head scratcher, considering inventory remains historically robust. Canadian […]
Canadian real estate finally saw some positive news—sort of. Data from the Canadian Real Estate Association (CREA) shows home prices climbed in February, marking the first positive move in over half a year. The odds of that climb being noise are even higher than usual, as sales continue to fall and the market reported the […]
Toronto real estate’s downturn continued last month, showing few signs of improvement. Toronto Regional Real Estate Board (TRREB) data shows home prices made a minor increase in February. Despite the mild bump, sales slipped to one of the lowest levels on record, while robust inventory continued to stagnate in the market. Toronto Real Estate Prices […]
After more than 3 years of moving sideways, Canadian home prices picked a direction—down. Canadian Real Estate Association (CREA) data shows sales fell in January, with the trade industry attributing it to winter storms. Sellers didn’t seem to mind the storms either, continuing to brave the conditions to hold open houses, like the gosh darn […]
Canadian real estate is in for a long winter if last month was a preview of things to come. Canadian Real Estate Association (CREA) data shows home prices fell further in November, after a small drop in new listings was met with a much bigger drop in sales. Prices haven’t just rolled back to the […]
Canada’s housing rut continues as a wave of unprecedented seller activity hits the market. Canadian Real Estate Association (CREA) data shows the price of a typical home fell to a multi-year low in October. Despite lower interest rates and rising buyer incentives, sales fell short, reversing the progress made last year toward a recovery. Meanwhile, […]
Canadian real estate sellers all had the same brilliant idea last month: list before inventory surges. Canadian Real Estate Association (CREA) data shows September sales hit a multi-year high, but the volume remained tepid—especially in contrast to the record flood of new listings. Market balance is now the weakest since the ’90s real estate crash, […]
Canadian real estate showed minor improvement in August but remains far from normal. Existing home sales rose slightly, according to data from the Canadian Real Estate Association (CREA). However, the increase wasn’t enough to offset a record number of new listings, helping drive the sharpest monthly price drop in over a year. Canadian Real Estate […]
