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Canadian home sales surge in December, but market troubles imminent

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Posted by Canadian Real Estate Wealth

on Wednesday, 18 January 2017 08:45

canadahousingrealtorrealestateSales of homes across Canada rallied by 2.2 per cent month-over-month in December after November transactions suffered some weakness in the wake of stricter mortgage rules, according to a new report from the Canadian Real Estate Association.
 
Home prices also went up by 3.5 per cent year-over-year in the same month, up to $470,661.

....read more HERE

 

...related from Ozzie Jurock: 

Real Estate Forecast 2017



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Real Estate

Canada 6-City Housing & the Plunge-O-Meter

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Posted by Brian Ripley's Canadian Real Estate Charts

on Friday, 13 January 2017 06:00

chart-canada orig

​The chart above shows the average detached housing prices for Vancouver*, Calgary, Edmonton, Toronto*, Ottawa* and Montréal* (the six Canadian cities with over a million people each) as well as the average of the sum of VancouverCalgary and Toronto condo (apartment) prices on the left axis. ​On the right axis is the seasonally adjusted annualized rate (SAAR) of MLS® Residential Sales across Canada (one month lag).

....for larger chart and analysis go HERE



Read more...

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Real Estate

Real Estate Forecast 2017

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Posted by Michael Campbell & Ozzie Jurock

on Monday, 09 January 2017 07:17

Ozzie Jurock first covers the 2016 year end real estate numbers, the big story being Toronto up powerfully. Victoria, Vancouver and other cities in BC have seen sharp decreases in single family homes, though increases in condo sales.

....related: Surprising New Forecast For Mortgages

house

 



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Real Estate

Commentary: Small-space living increasingly popular among the youth

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Posted by Canadian Real Estate Wealth

on Friday, 30 December 2016 08:58

adDownsized condominium units are becoming increasingly popular option among Canada’s young buyers—an unavoidable development in a fiscal climate characterized by static income growth and ever-rising costs.

...continue reading HERE

 

....related:

A Warning from Kyle Green



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Real Estate

Recent Housing Prices For Canada's 6 Biggest Cities

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Posted by Brian Ripley's Canadian Real Estate Charts

on Tuesday, 20 December 2016 08:23

chart-canada orig

CANADA's 6 BIGGEST METROS Vancouver, Calgary, Edmonton, Toronto, Ottawa and Montréal Single Family Detached Housing as well as the National MLS Residential Annualized Sales and the Average Price of Vancouver, Calgary and Toronto Condos. Rental Offerings via Craigslist, Kijiji, and Airbnb Chart.....BELOW​

bis-debt-housing orig

...also: Affordability or Bust



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