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.
CREA, the organization that represents the Canadian real estate industry, just updated their forecast for 2018 – and it’s not pretty.
Canadian real estate had a roller coaster of a year in 2017. Here’s which markets did better (and which ones did worse), than the year before.
Canadian real estate sales soared to a record high, as FOMO drives buyers to “squeeze” in before mortgage stress testing becomes mandatory.
Canadian real estate inventory is soaring in some of the country’s hottest markets, and CREA is anticipating sales will drop next year.
Canadian real estate is soaring in some regions, and getting even tighter in others. Here’s where is keeping up with change in inventory.