Canadian Real Estate Market Forecast Updated by CREA

The Canadian Real Estate Association (CREA) recently updated its forecast for home sales activity through the Multiple Listing Service® (MLS®) for this year and 2019.

Canadians May Have to Get Used to Flat Home Prices

Over the past few years, home prices in Canada have steadily increased, and especially each spring as the weather warms up. However, this year was an exception

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.

Toronto Is Fast Becoming As Pricey As Vancouver

According to a recent article in CBC.ca, the Toronto real estate market is fast becoming as unaffordable as Vancouver. The article assessed a study by the Royal Bank of Canada, as its third-quarter affordability index showed 63.7% of

Canadian Home Prices See Biggest Year-on-Year Gain Since 2010

The latest data from the Canadian Real Estate Association shows prices were up by 13.1%, which is the biggest gain since May 2010. Nationally, the number of home sales in Canada rose by 3.1% from March to April. According to the article in Propertywire, sales increased in April compared to the previous month in about

Read More »

New Housing Starts in Canada Surged in September

Last month, the number of new housing starts in Canada surged unexpectedly. The prices of new homes also rose substantially in August, extending the housing boom in Canada in spite of concerns about weakness in other areas of the economy. The seasonally adjusted rate for ground breaking for new homes increased to 230,701 in September

Read More »

Canadian Real Estate Market Expected to Slow Slightly

A recent report by RBC Economics anticipates that the real estate market in Canada will begin to slow slightly next year as interest rates increase. However the report thinks the risk of an outright crash is low as it is expecting the economy to grow. There is a possibility that things could be different if

Read More »

Economist Predicts Vancouver, Toronto Price Corrections of 30%

An economist from Capital Economics is predicting that property prices in Vancouver and Toronto could fall by as much as 30%. However this is the same economist who predicted prices would drop by 25% in these same cities in 2011. That price drop has yet to materialize but it hasn’t stopped David Madani from making

Read More »

Fitch Forecasts Price Correction for Canadian Housing Market

Fitch ratings agency believes price increases in the Canadian real estate market could be coming to an end. It has forecast that property is about 20% overvalued with variations according to the region and thinks a correction will soon happen. In spite of this, the agency is not expecting a price collapse. Instead, it thinks

Read More »

Canada Luxury Home Market Still Hot in Vancouver & Toronto

The luxury home market in Toronto and Vancouver is still red-hot but it’s a different story in other major cities in the country. A study of luxury homes sales, which are properties worth in excess of $1 million looked at four different cities and found quite different results. The report by Sotheby’s International Realty found

Read More »

RealtyBizNews: Real Estate Marketing & Beyond