Canadian real estate sales continue to cool. Canadian Real Estate Association (CREA) numbers show sales dropped to a multi-year low for December. Weakness was on display across the country, with only one major market seeing minor growth. Canadian Real Estate Sales Make Largest December Drop Since 2012 Canadian real estate sales printed on of worst […]
Canadian real estate prices saw weakness in the second half. The Teranet–National Bank of Canada House Price Index (Teranet HPI) shows more than half of major urban markets saw declines in December. Two of the largest, Toronto and Vancouver, were just off of all-time highs, but yet to print a correction. Meanwhile, Montreal has hit […]
After years of overheated growth, Canadian real estate price gains are tapering. Canadian Real Estate Association (CREA) numbers show prices for a benchmark (a.k.a. typical) home across Canada slowed in growth in November. Prices are beginning to stall after years of explosive growth across most of the country. Canadian Real Estate Prices Rise Less Than […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate The Canadian Real Estate Industry Lowers 2019 Sales Forecast For A Third Time The Canadian real estate industry is lowering their forecast for a third time. CREA now expects 458,200 sales in 2018, down 11.2% from the year before. The […]
Canadian real estate markets are cooling, especially in Western Canada. Canadian Real Estate Association (CREA) numbers show the SNLR fell across Canada. The indicator, used to gauge demand by the industry, increased in just 3 major real estate markets – all in Eastern Canada. Markets in Western Canada led the index lower, while Toronto chilled […]
Third time’s a charm… maybe. The latest Canadian Real Estate Association (CREA) shows large revisions for sales numbers. Most regions in Canada will see a drop in sales this year, with BC and Ontario leading lower. The only growth in sales expected are east of Ontario, but next year is looking rosier. Yes, Forecasting Is […]
Canadian real estate sales are still dropping. Canadian Real Estate Association (CREA) numbers show home sales falling in November. Last month, only three major real estate markets saw increase on a year over year basis. The rest saw declines, especially in major markets like Vancouver – which led the way lower. Canadian Real Estate Sales […]
Canada’s most expensive real estate markets are the most vulnerable to rate shock. Surprising, we know. Canada Mortgage and Housing Corporation (CMHC), using Equifax data, crunched the Q2 2018 numbers for debt to income ratios across Canada. The numbers show cities with the most expensive homes also have the highest DTI ratios. The high levels of […]
Canadian real estate price growth is cooling, with the market making unusual moves. The Teranet – National Bank of Canada (HPI) showed Canadian real estate markets made a rare decline in the month of November. The monthly decline was observed across the country, with only 3 small markets making a gain. Teranet-National Bank Feel free […]
Canadian real estate owners might be in for a surprise, if they have a variable rate mortgage. Bank of Canada (BoC) numbers show the estimated variable mortgage rate increased by more than a fifth The rise in rates leaves Canadians paying more to their banks, and making less of a dent on that debt pile. […]
