Canadian real estate prices show no sign of slowing down, even going into the winter. According to the Canadian Real Estate Association (CREA), prices jumped by tens of thousands in November. Not in one or two extraordinary markets either, but right across the country. Home prices have increased well over six figures since last year. […]
Canada’s real estate industry is ratcheting up expectations for next year. The Canadian Real Estate Association (CREA) is forecasting huge growth for the average home price in 2022. Just six months ago, they had been expecting the boom in 2021 to be followed by slow growth. Now in a market flooded with easy money, they […]
Canadian real estate prices are seeing the rate of growth accelerate once again. The Canadian Real Estate Association (CREA) Home Price Index (HPI) shows prices surged in November. Even as the inventory squeeze eased a little, buyers bid up home prices at an even faster rate. Annual home price growth is at a record high, […]
Canadian real estate prices have once again turned into a runaway freight train. The Canadian Real Estate Association (CREA) October Home Price Index (HPI) made a big jump. Home prices across the country are now rising at the fastest annual rate since June. This has almost entirely reversed the pre-election slowing of growth. Canadian Home […]
Canadian real estate is expected to be slow for the rest of this year, but it won’t last very long. The Canadian Real Estate Association (CREA) shared their 2021 forecast. In the forecast for this year, they see minimal movement from the current average sale price. Next year they see huge gains returning, especially in […]
Canada’s red hot real estate market continued to cool, according to new numbers from the industry. Canadian Real Estate Association (CREA) data shows the seasonally adjusted sales to new listings ratio (SNLR) fell in August. The relative measure of demand is one of the core indicators used to determine how tight the market is. Since […]
Greater Toronto and Vancouver real estate price growth further decelerated last month. Both boards reported the rate of annual growth fell in August. Surprisingly low inventory, typical during election periods, helped to firm prices though. It may even be enough to return the trend to growth this month. At least for the near-term. Greater Toronto […]
Canada is in election mode, and all politicians have a plan to cool real estate markets. The thing is, most markets have begun to cool on their own. Canadian Real Estate Association (CREA) data shows a third of markets made a monthly pullback in July. The trend is likely to get stronger as well, as […]
Canadian home sales continue to cool, logging another month of declining volumes. Canadian Real Estate Association (CREA) data shows home sales fell in July 2021. It was the first annual decline seen in over a year. Despite the negative factors, it was still the second biggest July for home sales ever. Canadian Home Sales Fell […]
Canadian real estate markets are losing some steam after its record year. Canadian Real Estate Association (CREA) data shows just over half of markets saw price growth slow in June. Looking more closely at recent numbers reveals this trend is about to become more common. All but a few markets are currently on track for […]
