Canadian real estate just got one of the cooler forecasts this year, and it was from the industry. The Canadian Real Estate Association (CREA) updated its 2021 forecast this week. The organization made an upwards revision to the rate of growth for the average sale price this year. It sounds great, until you realize one […]
The Canadian real estate rollercoaster continues, as expectations temper from recent highs. The Canadian Real Estate Association (CREA) released its quarterly forecast for existing-home sales. The industry organization is still expecting a record number of home sales this year. However, the rapidly changing environment has led them to cut expectations by thousands of units. Over […]
Canadian home sales are coming down from the all-time record high hit earlier this year. Seasonally adjusted home sales fell in May, shows Canadian Real Estate Association (CREA) data. Home sale activity still remains elevated, even printing another monthly record. However, sales dropped in 80% of markets across the country, and are falling fast. With […]
Canadian condo prices had a slow start compared to detached homes, but they’re now ripping higher. Canadian Real Estate Association (CREA) data shows prices hit a record high in April. The typical condo apartment has seen prices advance by double digits just last month. Some markets have now produced annual gains well into the six […]
Canada’s real estate industry is asking bank regulators to loosen lending standards. OSFI, the bank regulator, is currently holding feedback on B-20 Guideline revisions. The Guideline, better known as the “stress test,” ensures borrowers can pay their mortgage after a modest rate hike. The Toronto Regional Real Estate Board (TRREB) wants some tweaks, arguing it’s […]
Canadian real estate prices have been rising quickly, but it’s never been like this before. Canadian Real Estate Association (CREA) data shows home prices made a big jump in March. Over the past 12 months, home prices increased more than they did over the previous 4 years. That’s just at the national level. More than […]
Canadian real estate inventory appears scarce, but that might be starting to change. Canadian Real Estate Association (CREA) data shows new listings grew faster than sales in March. A massive amount of sales are actually being met with even more inventory these days. Record sales are due to pent-up and pulled-forward demand, but inventory isn’t. […]
Canadian real estate data confirms the anecdotes — the market was busier than ever. Canadian Real Estate Association (CREA) sales reached a new all-time high in March. The record is for any month of home sales, not just for the time of year. Annual growth was also the highest ever, beating even annual growth in […]
Canada’s national association representing Realtors is forecasting big price gains… but those gains are lower than last month’s average price. The Canadian Real Estate Association (CREA) released a forecast with February sales data. The association sees absolutely mind blowing growth for home prices in every province. Just one minor detail most analysts didn’t catch. The […]
Canadian real estate prices are making huge leaps higher, and not just in big cities. Canadian Real Estate Association (CREA) data shows prices hit a record in February. Rapid price growth is nothing new, but where it’s occurring is. Big cities, that typically lead the market, are seeing prices rise quickly. However, it’s nothing compared […]
