Toronto real estate is about to get a whole lot of supply. Canada Mortgage and Housing Corporation (CMHC) numbers show Toronto CMA is just under the all-time high for homes under construction. Over 3 out of 4 of those units under constructions are condo apartments. The number of condos under construction vs population increase ratio, […]
Canadian real estate prices are heading for negative growth, and fast. The Teranet–National Bank of Canada House Price Index (Teranet HPI) shows many markets at new record highs when it comes to prices. Record high prices are meeting higher interest rates though, and sending growth to multi-year lows. Teranet HPI Vs CREA The Teranet HPI […]
Toronto real estate sales sometimes fall through, it’s a reality of any market. It’s often not until a few months later that we find out how many sales actually closed. Toronto Real Estate Board (TREB) data shows sales fell through at a higher rate than usual last year. In a small window where price growth […]
Toronto’s detached real estate is showing signs of improvement, but it’s far from a recovery. Toronto Real Estate Board (TREB) numbers show prices are down by tens of thousands of dollars in June. The lower prices did provide a little motivation for buyers, sending sales up from last year. Don’t get too excited though, it […]
Canadian real estate sales are trending lower, and taking mortgage growth with it. May’s numbers from the Bank of Canada (BoC) show we’ve hit the lowest pace of growth in years. Despite the low levels of growth, this number appears to be heading even lower. Annualizing Data To Understand Performance First, you’ll need to know WTF […]
Toronto real estate showed signs of life for the first time in a year, although there are a whole lot of footnotes. Toronto Real Estate Board (TREB) reported Greater Toronto price declines improved in May, compared to last month. Although they’re still down from the year before. Sales definitely did spike though! … but only […]
Statistics Canada has updated the non-resident real estate ownership stats for Greater Toronto. Finally, some data!
Have you ever woke up after a night of drinking, and only had a vague recollection of what happened? Then your responsible friend sets off a chain of text messages, trying to figure out where you went wrong? Well that’s what the Canadian real estate industry just did, and man-o-man did people screw up. The […]
According to the Canadian Real Estate Associations’ SNLR, Toronto was the fastest cooling market in the country in May.
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 […]
