Canadian Real Estate Prices Haven’t Dropped This Fast Since 2009
Canadian real estate prices are falling and fast—in fact, a drop of this size hasn’t been seen since in over a decade.
The Canadian Real Estate Industry’s Forecast Expectations Are Crashing
Expectations from Canada’s largest real estate bulls are crashing. The Canadian Real Estate Association (CREA), the organization that oversees Realtors, released its latest quarterly forecast for home prices in 2023. Most markets are now forecast to see home prices contract this year, but that’s not the biggest takeaway. Expectations from the industry rapidly collapsed as […]
Canadian Detached Home Prices Are Plummeting, Here Are The Hardest Hit Markets
Canadian real estate is in the middle of a price correction, and single-family homes have been hit hardest. Canadian Real Estate Association (CREA) data shows single-family homes, which include detached and semi-detached units, saw prices fall sharply in November. Virtually every market is now off its all time high, with the worst performing down nearly […]
Canadian Real Estate Prices Have Officially Crashed In 18 Markets
Canadian real estate markets went from boom to crash in less than a year. Canadian Real Estate Association (CREA) data shows every major composite index was down from its peak in November. Over a dozen of Canada’s real estate markets have even “crashed” as a sharp mix of reality and higher interest rates sink in. […]
Canadian Real Estate Prices Are Down $142k As Demand Drops Faster Than Supply
Canadian real estate has entered a deep freeze ahead of the declining winter market. CREA data shows a benchmark, or typical home, saw prices fall in November. Weak sales combined with healthier inventory has brought prices significantly lower. A typical home across Canada has now dropped over $140k in just a few short months. Canadian […]
Canadian Real Estate Prices Slip Once Again, Worst October For Sales Since 2010
Canadian real estate found its footing last month, according to the industry. However, Canadian Real Estate Association (CREA) data tells a completely different story in the October numbers. Yes, seasonally adjusted home sales were higher than the month before, but it was still the worst October since the Global Financial Crisis. Home prices also saw […]
Canadian Real Estate Prices Are Back To November 2021, Down Over $100k Since Peak
Canadian real estate prices are now back to the lowest level since November 2021, with annual growth likely to turn negative soon.
Canada’s Major Real Estate Markets Are Seeing Inventory Return To “Balanced”
Canada’s major real estate markets are back to a “balanced” market and can head into a buyers’ market if things don’t firm soon.
Most Canadian Real Estate Markets Fell From Peak, Down As Much As $355,000
Canadian real estate prices suffered another sharp drop in July, bringing markets as much as $355,000 lower than peak values.
Canadian Real Estate Prices Fell An Average of $1k Per Day Last Month
Few would believe it just a few weeks ago, but Canadian real estate is falling as fast as it climbed. Canadian Real Estate Association (CREA) data shows benchmark prices fell in June. The benchmark, a typical home, actually declined by an average of nearly $1,000 per day last month. Almost all 2022 gains have been […]
