Statistics recently released by the Canadian Real Estate Association (CREA) show that nationally, home sales declined between September and October this year. During October home sales through the Canadian MLS systems declined by 1.6% and although activity is still stronger compared to the first half of the year, it remains lower than the monthly levels
High New-Build Vacancy Rate for Condos in Calgary
Recent figures from the Canada Mortgage and Housing Corporation show there are hundreds of new condos in Calgary that are lying empty, according to an article in CBC.ca.
Real Estate Prices Slow Down in Canada
Last year, real estate prices in Canada reached an all-time high, but an article in the Huffington Post Canada points out that this year could be a very different story. This is at least in part due to new mortgage rules combined with higher mortgage rates.
High Housing Prices in Vancouver, Canada Affecting Renters
The city of Vancouver in Canada already has a reputation for being one of the most expensive housing markets in the country but new data has also revealed this is impacting renters, according to an article in msn money.com. Figures released by the Canada Mortgage and Housing Corporation show the highest average monthly rent for
Kevin Lapp Red Deer Real Estate Team Introduce New Acreages for Sale
Red Deer real estate professional Kevin Lapp, is focusing marketing efforts on new acreages for sale in Central Alberta. This provinces population is expected to grow at a fast rate this year, as are wages due to the demand for skilled labor from across North America in the energy sector.
Residential Real Estate Sales in Vancouver Hit Lowest Level Since 2001
According to figures from the Real Estate Board of Metro Vancouver, the number of home sales in Vancouver has fallen to its lowest level since 2001. In April, sales in Metro Vancouver reached 2,799, which is 13.2% lower than April last year when sales reached 3,225.
Canadian Real Estate Sales Increase in October
The Canadian Real Estate Association has just released its statistics for October which showed sales activity is now at its highest level since January. National sales activity for the month was in line for the ten-year average, as are year-to-date sales. The number of newly listed homes has changed very little during the last three
Canadian Buyers of US Real Estate Snowball
With the unprecedented opportunities arising in the US markets this year, we are seeing an avalanche of Canadian buyers rushing to take advantage snap up their dream winter home in order to secure their getaway from the dreary winter months north of the border.