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Economist Predicts Vancouver, Toronto Price Corrections of 30%

By Allison Halliday | August 4, 2015
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 […]
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International, Real Estate, US Real Estate

Fitch Forecasts Price Correction for Canadian Housing Market

By Allison Halliday | July 24, 2015
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 […]
Real Estate, US Real Estate

Canadian Property Sales Increase for Third Consecutive Month

By Allison Halliday | May 21, 2015
Figures from the Canadian Real State Association show home sales throughout Canada increased in April for the third consecutive month. Sales rose by 2.3% from March to April and sales activity was up 10% on levels year ago, although this figure is not seasonally adjusted. The Canadian Real Estate Association home price index increased by […]
International, US Real Estate

Average Canadian Prices Declined by 2% in July, Dragged down by Vancouver

By Allison Halliday | August 16, 2012
The national average home price in Canada declined by 2% in July compared to July 2011, due to price falls in Vancouver, as most markets saw slight increases. Figures from the Canadian Real Estate Association showed the average price for a Canadian home sold in July 2012 was $353,147.
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