Canadian real estate is cooling from record demand, and luxury homes are no exception. Global luxury brokerage Engel & Völkers (E&V) released its latest luxury market report. They looked at markets with homes priced over $1 million and found sales slowed recently. In the near term, this should help the market normalize and stabilize price […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Global Property Bubble To Correct, Canada Is The Second Riskiest: Oxford Economics Global real estate prices are forming a bubble, and a big economics firm sees it popping soon. An Oxford Economics analysis shows global home prices are 10% above the […]
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 […]
Canadian real estate has been experiencing a bit of a lull, and the new home market is no exception. Statistics Canada (Stat Can) data shows new home prices saw annual growth hit a multi-year high in June. The high was due to momentum though, as price growth had been decelerating more recently. Growth appears to […]
Canadian real estate inventory is improving, relieving pressure on home prices. We took a dive through the June sales to new listings ratio (SNLR) from CREA. While it helped to explain why price growth is slowing, we got a few emails asking if it was really due to falling sales. Or is inventory rising to […]
Canadian housing is cooling very fast, something few would believe a few months ago. Canadian Real Estate Association (CREA) data shows the national sales to new listings ratio (SNLR) fell in June. The measure, a proxy for demand, shows buyers are dropping out of the market faster than sellers. Most markets are now displaying this […]
Canadian real estate may have just peaked, according to official data this morning. Earlier this month we took a look at Toronto and Vancouver, and why the top for growth is here. Data from the Canadian Real Estate Association (CREA) confirms the same National trend. Home prices hit a new all-time high in June, and […]
Canadian real estate prices are rising at a breakneck speed — even with slowing sales. The RPS House Price Index (HPI) made a huge leap in June for almost all markets. It didn’t matter where, even small towns have begun to outperform big cities. Let’s dive into the frothy month Canada just had. Canadian Home […]
More adults are living with their parents, and it may be due to high home prices. The Royal LePage 2021 Boomer Survey (it’s a thing) found one in five Boomers have kids at home currently. Breaking that number down, over half of those are adults 25 and older. A significant number of these Boomers said […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate The Canadian Property Bubble Can Start Deflating As Early As This Month The Canadian property bubble is starting to show signs of deflating last month. The 3-month annualized rate of growth for prices is falling in Toronto and Vancouver. Since this […]
