Montreal and Ottawa real estate markets are heating up, while Toronto and Vancouver’s real estate markets continue to cool.
Higher interest rates and policy measures are killing real estate sales across Canada, but BC is seeing the biggest drops.
Real estate prices across Canada have grinded to halt. The Canadian Real Estate Association (CREA) aggregate of major markets show annual price growth has fallen close to flat in June. Nearly half of Canada’s major markets are now printing declines from last year. Canadian Real Estate Benchmark Price The price of a typical home across […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate CMHC: 55% Of Toronto And Vancouver Real Estate Buyers Were In A Bidding War The CMHC took a novel approach to finding out why Toronto and Vancouver buyers were so frenzied – they asked them. Conducting a survey of recent […]
According to the Canadian Real Estate Associations’ SNLR, Toronto was the fastest cooling market in the country in May.
The Canadian real estate industry just became a little bearish. The Canadian Real Estate Association (CREA), the trade association representing the country’s agents, has revised their 2018 and 2019 sales forecast. The organization now sees sales falling even further this year, than they did during their prior forecast. Declines are now expected to be over […]
Canadian real estate sales continued to slump, any way you cut the numbers. Canadian Real Estate Association (CREA) numbers show May sales, usually the peak of the year, are significantly lower than last year. In fact, it was some the worst May numbers for Canada over the past decade. Seasonally Adjusted Versus Non-Seasonally Adjusted If […]
The average sale price of Canadian real estate is falling, and fast. Canadian Real Estate Association (CREA) numbers show the average price of a home is down 11.3% in April 2018. Most of the declines are being attributed to the country’s largest and fastest falling real estate market – Toronto. Yeah, I haven’t heard of […]
Last year’s hottest real estate markets, are this year’s fastest cooling ones. Canadian Real Estate Association (CREA) numbers show the majority of markets saw the sales-to-new listings ratio (SNLR) decline significantly in April. There were a few markets that are seeing the ratio rise, almost all located East of Toronto. The fastest cooling markets were […]
Toronto real estate just slipped into a balanced market, a huge drop from being in deep seller’s territory just a few months ago. Here’s how it compares to the rest of Canada.