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home sales

Despite Initial Drop in Real Estate Searches, Homebuyers Remain Hopeful Amid Covid-19 Pandemic

Andra Hopulele Mar 30, 2020

Although the Canadian real estate market started 2020 in full force and was well on its way to a red-hot season, the social distancing and home isolation measures that were put in place as a result of the COVID-19 outbreak started…

Real Estate

How Deep and How Long, asks Altus Group

Patricia Arsenault Mar 23, 2020

As recently as a few weeks ago, Canada was well‐positioned for housing starts to at least match, and possibly exceed, 2019 levels both this year and next. Exceptional growth in both population and jobs last year, alongside lower mortgage…

Real Estate

CREA reports home sales up in February, average price climbs higher

The Canadian Press Mar 16, 2020

OTTAWA — Home sales in February were up sharply compared with February 2019 when sales hit a decade-low for the month, the Canadian Real Estate Association said Monday.However, TD Bank senior economist Brian DePratto said conditions…

Real Estate

Vancouver area home sales below average, but it’s still a seller’s market: board

The Canadian Press Mar 5, 2020

VANCOUVER — Home sales in Metro Vancouver remain well below the 10-year average for the region but sellers continue to hold the upper hand as the real estate board says demand for properties is steady with buyers having little to choose…

Real Estate

Is Renting Better for the Economy than Owning?

Ben Myers Feb 26, 2020

Every year there is an article written that discusses the merits of owning versus renting. I have always been in favour of owning because it is a means of forced savings; homeownership provides security of tenure; and you can capture value…

Real Estate

Canadian home sales down in January: CREA Report

Building Feb 20, 2020

Statistics released by the Canadian Real Estate Association (CREA) show national home sales recorded over Canadian MLS Systems declined by 2.9 per cent in January 2020.Transactions were down in a little over half of all local…

Real Estate

GTA home sales forecast to climb 10 per cent this year, January sales up 15.4%

The Canadian Press Feb 6, 2020

TORONTO — The Toronto Regional Real Estate Board says January home sales were up 15.4 per cent from the same month last year, while it expects home sales for the year to rise about 10 per cent overall.January saw 4,581 home sales,…

Real Estate

Vancouver area home sales rebound from last year as prices inch downward

The Canadian Press Feb 5, 2020

VANCOUVER — Sales remained steady while fewer people put their homes on the real estate market in Metro Vancouver last month.The Real Estate Board of Greater Vancouver reports residential home sales in January were 7.3 per cent…

Real Estate

GTA New Home Sales Rally in 2019: BILD Report

Building Jan 30, 2020

According to the Building Industry and Land Development Association (BILD), GTA new home sales rallied from the 22-year low of 2018 in 2019. There were 36,471 new homes sold in the GTA, according to Altus Group, BILD’s official source for…

Real Estate

Canadian Home Sales inch Lower in December: CREA Report

Building Jan 23, 2020

Statistics released by the Canadian Real Estate Association (CREA) show home sales recorded over Canadian MLS Systems edged down 0.9 per cent in December 2019.Activity is currently about 18 per cent above the six-year low reached in…

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