Time for your cheat sheet on this week’s most important stories. Canadian Real Estate The Canadian Real Estate Industry Just Downplayed The Biggest October In 10 Years Canadian real estate sales just had a massive October. There were 44,499 sales in October, up 12.9% from last year. The 12-month growth is the highest for October […]
Canadian real estate prices slipped from the all-time high, but not far. Teranet–National Bank of Canada House Price Index (TNB HPI) show prices for the national index fell in October. Despite the decline, most markets are just below peak. Canadian Real Estate Prices Are Just Off Peak The C11, an index of Canada’s largest real […]
Canadian real estate sales are back to booming, and they’re pushing prices higher. Canadian Real Estate Association (CREA) data shows the price of a home in Canada hit a new high in October. Price growth was much stronger in Ontario and Quebec, with Western Canada still dragging. Canadian Real Estate Prices The industry’s aggregate price […]
Canadian real estate markets are on fire. Canadian Real Estate Association (CREA) data shows sales across the country jumped in October. The rise was actually so large, last month was the biggest for the industry in over a decade. This is the opposite of what the government wants to see ahead of rolling out new […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Major Cities Saw Condo Prices Rise Over 3x Faster Than Houses Canadian condo prices increased at a faster pace than the general market. Home prices in Canada’s six hottest markets, increased 0.19% from a year before, and are up […]
Canadian real estate prices have been on a tear, but most of the gains are in condo apartments. Statistics Canada (Stat Can) release its Residential Property Price Index (RPPI). The result for Q3 2019, show Canada’s largest cities have seen a large movement in home prices recently. The large movement is due to condo apartments, […]
Canadian insolvencies are making a very large, and mostly unexpected surge. Office of the Superintendent of Bankruptcy (OSB) filings show a sharp increase for September. Ontario, Alberta, and British Columbia, in particular – are seeing the largest increases. One positive note is more consumers may be seeking protection from creditors earlier. Canadian Insolvencies In Canada, […]
What housing affordability crisis? The latest Canada Mortgage and Housing Corporation (CMHC) Housing Market Assessment shows real estate is at a “moderate” level of risk. The ratings, were largely unchanged, but did include one surprise. Toronto and Hamilton, previously at high vulnerability, received downgrades to their risk. Generally, more risk is seen in real estate […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Households Are Saving A Quarter Of What Americans Do Canadian households aren’t saving a whole lot for a rainy day – in fact, they’re saving less than nothing. Households spent $5.82 billion in savings in Q2 2019, saving just […]
Greater Vancouver pre-sale real estate buyers are returning. MLA Canada data shows a large increase in sales for September. Rising sales commitments were also met with more inventory though. The net impact is weaker inventory absorption than last year, but a lot more choices for buyers. Greater Vancouver Pre-Sale Inventory Rises 42% Greater Vancouver saw […]
