Canadian Housing Market

Canadian Housing Market

Canada’s Housing Market: Slow and Steady Wins the Race

Canada’s Housing Market: Slow and Steady Wins the Race Following the federal government’s latest mortgage requirements, the Canadian housing market has seen a dramatic downturn in sales. Over the past few months, cities such as Barrie, Toronto, and Vancouver have gone from having houses sell within 24 hours to houses sitting for weeks - in [...]

By | 2018-10-30T17:59:17+00:00 October 30th, 2018|Economy|Comments Off on Canada’s Housing Market: Slow and Steady Wins the Race

Home sales dip in October as market cools

OTTAWA - Canadian home resales dipped last month for the first time since February in what many see as a signal that a so-called correction in the housing market remains in place. The Canadian Real Estate Association reported Friday that the number of transactions fell 3.2 per cent in October from September on a seasonally [...]

By | 2017-01-04T01:02:19+00:00 November 25th, 2013|Economy|Comments Off on Home sales dip in October as market cools

Canadian Real Estate Association raises the future outlook for home sales this year.

OTTAWA - The Canadian Real Estate Association has raised its outlook for homes sales this year as it reported an 11.1 per cent jump in August sales compared with a year ago. A sold sign in Oakville, Ont., Monday, July 23, 2012. The Canadian Real Estate Association is raising its outlook for homes sales this [...]

By | 2017-01-04T01:02:25+00:00 September 25th, 2013|Economy|Comments Off on Canadian Real Estate Association raises the future outlook for home sales this year.

Upbeat new housing numbers

New housing already purchased and in the pipeline continues to propel the Canadian real estate market but worries persist about what happens when that tap turns off. Condo building surge signals economy gaining momentum Canadian housing starts rose at their fastest pace in more than a year in May on a surge in condominium construction, [...]

By | 2013-06-13T17:22:04+00:00 June 13th, 2013|Economy|Comments Off on Upbeat new housing numbers

Housing market calming, Condo Report

Bank of Montreal economics published a Special Report last week on the Canadian housing market which seems to provide ample evidence that markets really are in the process of achieving the much sought  after “soft landing” after federal policy makers took steps to cool the market last summer. The bank also predicts that the soft [...]

By | 2017-01-04T01:02:26+00:00 June 3rd, 2013|Economy|Comments Off on Housing market calming, Condo Report

Canada’s Housing Market to Stabilize

Housing Starts: In recent months, housing starts have been supported by low interest rates and an improving employment situation. They are, however, expected to moderate through 2012. Housing starts are forecast to be 191,000 units for 2011 and 186,750 units for 2012.  Resales: Sales of existing homes through the Multiple Listing Service are forecast to [...]

By | 2017-01-04T01:02:31+00:00 November 19th, 2011|Economy, Uncategorized|1 Comment