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 […]
The Canadian real estate market will change really fast over the next few months. Home prices in the key markets of Toronto and Vancouver saw price growth climb in June. Looking at the most recent data annualized though, a slowdown is just around the corner. Without a sudden boom in prices, the annual trend is […]
Canadian real estate prices just printed record growth across the country. Apparently it wasn’t enough, as households have increased their expectations for future growth. Bank of Canada (BoC) surveyed consumers on where they see home prices over the next 12 months. Conducted in Q2 2021, the survey found the highest forecast rate of growth in […]
Canadian real estate always marches to the beat of its own drum, which may not be a good thing soon. BMO senior economist Robert Kavcic shared his take on last month’s home sale numbers. He observed a strong market, but said it continues to show we’re past peak momentum. He warns of a potential “bizzaro” […]
Vancouver Home Prices See 5-Figure Monthly Drop, As Resistance Suddenly Appears Greater Vancouver real estate prices have been on a tear, but that may be coming to an end. Real Estate Board of Greater Vancouver (REBGV) data shows prices generally climbed in June. Broken down by region though, the trend isn’t quite as positive. In […]
