Posts Tagged ‘canada’
Posted by Norm Fisher on May 15, 2012
CREA economist Gregory Klump reports on MLS® sales and listings for the Canadian real estate market for April, 2012. Highlights from CREA’s release Home sales up 0.8% from March to April. Actual (not seasonally adjusted) activity stood 11.5% above levels in April 2011. The size of the year-over-year increase reflects a slowdown in sales last [...]
Posted by Norm Fisher on April 16, 2012
CREA economist Gregory Klump reports on MLS® sales and listings for the Canadian real estate market for March, 2012. Highlights from CREA’s release Home sales rose 2.5% from February to March. Actual (not seasonally adjusted) activity stood 1.6% above levels in March 2011, the smallest year-over-year increase since last April. The number of newly listed [...]
Posted by Norm Fisher on April 9, 2012
Housing affordability in Canada showed modest improvements for the second consecutive quarter as 2011 drew to a close, according to RBC’s latest Housing and Affordability study released last week. Nationally, income gains combined with “modest declines” in house prices helped to “dial back the deterioration that occurred last spring.” In Saskatchewan, most housing types saw [...]
Posted by Norm Fisher on March 31, 2012
We were warned earlier in the year that the Canadian Mortgage and Housing Corporation (CMHC) would be backing fewer Canadian home loans moving forward, but little seems to have changed on the ground. Now, the new federal budget is planning for greater oversight of the federal crown corporation, which was founded to provide insurance on [...]
Posted by Norm Fisher on March 29, 2012
Saskatoon will lead the nation in GDP growth in 2012, according to a new report by the Conference Board of Canada. The local economy is expected to expand by 3.6 percent, down from an impressive 4.8 percent in 2011. More here.
Posted by Norm Fisher on March 15, 2012
CREA economist Gregory Klump reports on MLS® sales and listings for the Canadian real estate market for February, 2012. Highlights from CREA’s release Home sales rose 1.4% from January to February. Actual (not seasonally adjusted) activity was up 8.6% from February 2011 levels. The number of newly listed homes climbed 1.9% from January to February. [...]
Posted by Norm Fisher on February 15, 2012
CREA economist Gregory Klump reports on MLS® sales and listings for the Canadian real estate market for January, 2012. Highlights from CREA’s release Home sales were down 4.5% from December to January. Actual (not seasonally adjusted) activity came in 4.0% above levels in January 2011, and stood even with the 5 and 10 year averages [...]
Posted by Norm Fisher on January 23, 2012
Housing affordability in Canada saw its greatest deterioration in years according to the 8th Annual Demographia International Housing Affordability Survey: 2012. Demographia’s estimates suggest that Canadian home buyers can expect to pay 4.5 times the country’s median income to purchase a home priced at the median,* a number which the survey authors consider “seriously unaffordable”. [...]
Posted by Norm Fisher on January 19, 2012
In a short report from CIBC economist Benjamin Tal says there are “clear signs that the Canadian housing market is softening.” He points to a small decrease in the national sales to listings ratio and the smallest year-over-year price increases since October 2010 as leading indicators of a softening real estate market. “While we do [...]
Posted by Norm Fisher on January 19, 2012
CREA economist Gregory Klump reports on MLS® sales and listings for the Canadian real estate market for
Posted by Norm Fisher on January 12, 2012
Continued migration and low interest rates offset by healthy supply of homes for sale SASKATOON, January 12, 2012 – The Royal LePage House Price Survey and Market Survey Forecast released today showed slight year-over-year price increases for all three housing types surveyed in Saskatoon. Detached bungalows posted a modest gain of 0.9 per cent, selling [...]