Average two bedroom apartment in Canada has risen 2.7% over the last year
According to the annual report release today by the Canadian Mortgage and Housing Corporation (CMHC), the average rent for a two bedroom apartment had risen to $989, up 2.7% from last year’s figure.
Average price of single homes jumps 13% in Toronto
The shortage in new listings is continuing to push the average price of homes up across the Greater Toronto Area. Leading the way is the City of Toronto with the latest average price nearing the
House price growth to remain slow: Scotiabank
According to economists, the key drivers of prices are looking increasingly weaker and are warning Canadians not to expect any sort of significant growth in house prices for the next few years. The Scotiabank report came a week after TD’s economic announced that it expects home prices to grow at 2% per year for the […]
February real estate market data points to a continued cooling trend
The fallout from the tougher lending rules is continuing through February as sales and prices decline on the national scale. After a lacluster second half in 2012, the Canadian Real Estate Association (CREA) adjusted its forcast for 2013. Total sales for the Canadian housing market are projected to fall 2.9% to 441,500 with the national average […]
Household debt hits a new high
Although the rate of credit accumulation is slowing, household debt in Canada hits new high in the fourth quarter of 2012, lending more evidence that actions taken by the Bank of Canada are stabilzing the housing market.
Condos fueling jump in Canadian housing starts
According to STATSCAN, building permits worth$5.8 -billion were issued in January, which is up 1.7% from December. The value of permits were also up 17.6% after a 6 month decline.
Government policies are distorting New Home and Condo market
Building Industry and Land Development Association (BILD) says government policies in land constraints, regulations and development approval processes are negatively impacting the availability of new homes to real estate consumers. As a result, the price gap between new homes and condos has grown to $196,844, which is more than double the long-term average and limiting […]
Toronto Real Estate Market: TREB Market Analysis November 2012
Toronto’s real estate market moves into negative territory
Well, its official… Toronto’s real estate market has shifted into negative territory in its average price. The October market marked the first month to month price decline (0.6%) since late last year. Toronto’s real estate market has continued to soften since the new mortgage rules went into
Toronto Real Estate Market: TREB Market Analysis October 2012
TREB’s Jason Mercer – Senior Manager, Market Analysis – discusses the current market.
