CREA economist Gregory Klump reports on MLS® sales and listings for the Canadian real estate market for August, 2011. Highlights from CREA’s release Sales activity was stable from July to August, but posted another big year-over-year gain reflecting weakened demand last summer. Year-to-date sales pulled ahead of 2010 levels for the first time this year, [...]
CREA economist Gregory Klump reports on MLS® sales and listings for the Canadian real estate market for July, 2011. Highlights from CREA’s release Sales activity was stable from June to July, but posted a big year-over-year gain due to weakened demand in July 2010. Year-to-date sales continue to run in line with the ten-year average. [...]
CREA economist Gregory Klump reports on MLS® sales and listings for the Canadian real estate market for June, 2011. Highlights from CREA’s release. Sales activity climbed from May to June, with a big year-over-year gain reflecting falling demand in June 2010. Year-to-date sales remain in line with the ten-year average. The number of newly listed [...]
Subdued job and income growth, rising interest rates, the recent tightening in borrowing rules for insured mortgages and fewer first time buyers will set the stage for a decline in housing unit sales in most regions of Canada through 2012 and 2013, according to a report released by TD Economics today. TD is predicting a [...]
CREA economist Gregory Klump reports on MLS® sales and listings for the Canadian real estate market for April, 2011. More from CREA’s release. The number of newly listed homes edged up 1.3 per cent in April from the previous month on a seasonally adjusted basis, but remained well below levels in January and February, when [...]
CREA economist Gregory Klump reports on MLS® sales and listings for the Canadian real estate market for March, 2011. More from CREA’s release. Steady sales activity combined with fewer new listings tightened the national resale housing market. The national sales-to-new listings ratio, a measure of the balance between supply and demand, stood at 56.5 per [...]
The following is the media release for the Royal LePage House Price Survey for the first quarter of 2011. The report focuses on year-over-year change in the prices of specific categories of housing in Saskatoon and other major real estate markets across Canada. Saskatoon – Strong buyer demand offset by above-average inventory The Royal LePage [...]
Home sales across Canada declined nearly six percent compared to last February to finish the month at about the five-year average, according to a report issued today by the Canadian Real Estate Association (CREA). February was the fourth consecutive month during which sales were on par with the five-year average. CREA continues to characterize the [...]
Lower borrowing costs in the final quarter of 2010 helped drive a “modest” improvement to housing affordability for Canadians, even though house prices saw small increases across most of the nation during that time, a new report from RBC Economics states. The slight improvements are likely short lived as interest rates have recently started to [...]
In a follow up to its recently released report titled, “House prices likely to fall for several years,” Capital Economics says that a housing downturn will hit Canada’s economy hard, much like it did in the United States. The overview of the report argues the following points, and others. The now inevitable downturn in the [...]
CREA economist Gregory Klump reports on MLS® sales and listings for the Canadian real estate market for January, 2011. More from CREA’s release. Seasonally adjusted national home sales activity rose 4.5 per cent in January 2011 compared to the previous month, reaching the highest level since April 2010. Led by Vancouver and Toronto, seasonally adjusted [...]
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