Tag Archives: Housing market

Investment in New Housing Breaking an upward trend, investments made in new housing developments fell short $90,300 in May, as opposed to the preceding 4-months on the rise. Dwellings considered in this report include: singles, doubles, rows, and apartments. Investments in single units suffered the largest loss in May, down $76,268. Luckily, a substantial jump was seen in rowhouse (+$15,479) …

One day before the anniversary of Jim Flaherty’s government-insured mortgage rule adjustment, the Bank of Montreal issued a report that illustrates the impact these changes have had on first-time home buyers in Canada over the past year. The new rules — first introduced July 9th, 2012 — reduced the maximum amortization period to 25 years and lowered how much Canadians …

Earlier this month, Statistics Canada revealed that there was $6.5-billion in building permits issued in March, equating to a 8.6% growth from the previous month. This marks the third consecutive month building permit values have risen, and once again the non-residential sector is responsible for the bulk of the gain. Total value of permits (Stats Can.) Non-Residential Building Permits On …

Last Tuesday, Statistics Canada released the rates and values of approved building permits nation-wide for February, 2013. Around this time, analysts also discussed the state of the Canadian housing market in March, suggesting that the country is currently in a state of cooling. Following the recession a few years back, Canada was a global leader in real estate growth. It …

My take on the report issued by Scotiabank and recent interest rate announcement by Bank of Canada

National resale housing activity edged higher for a second consecutive month in September 2010, according to statistics released by The Canadian Real Estate Association (CREA). Combined with a falling supply of homes on the market, the number of months of inventory also declined for the second consecutive month. Seasonally adjusted national home sales activity via the Multiple Listing Service® (MLS®) …

Following are the key Toronto Real Estate Boards’ housing stats that were published yesterday for your review.  The new charts are designed to showcase key indicators about Toronto’s residential Real Estate Market in a visual presentation. Following are some points worth noting: Sales for June 2010 were lower than June 2009 but almost at the same level at 2008 which hasn’t been …

Housing performance expected to accelerate in 2010,as economic stability returns to Canadian markets, says RE/MAX Fifteen markets to set new records for average price in 2009 In the midst of one of the most tumultuous economic periods in recent history, residential real estate has proven to be a safe harbour, with sales and average price expected to post gains in …

TORONTO, November 18, 2009 – In the first two weeks of November, Greater Toronto REALTORS® reported 3,666 sales – up 84 per cent compared to the first two weeks of November 2008. The average price for these transactions was up 10 per cent year-overyear to $415,066. Increased interest in ownership housing has been widespread throughout the GTA and across all …

Toronto Real Estate Board Members reported 4,120 sales in February 2009 compared to6,015 sales recorded in February 2008. The average home price was $361,305 last monthcompared to $382,048 during the same month last year.“A considerable number of transactions continued to take place in February 2009. Motivatedbuyers and sellers, who were aware that market conditions changed over the past few months,were …