CREA Market Update: Canadian home sales improve slightly in March

The Canadian Real Estate Association (CREA) has just released their March stats for all Canadian MLS Systems. High lights include: National home sales inched up 1.3% from February to March; Actual (not seasonally adjusted) activity was down 22.7% from last year’s all-time March record; The number of newly listed homes rose 3.3% from February to March; The MLS® Home Price Index (HPI) in March was up 4.6% year-over-year (y-o-y); and The national average sale price declined by 10.4% y-o-y in March.

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.

CREA: Canadian resale housing activity stabilizes in October

According to CREA statistics released today, there has been little change in homes sales activity nationally.  Month-to-month change in activity from September was-0.1%, pointing to a more stable national real estate market in October.  Sales activity did improve in half of the nationals major local housing markets.  This included both Toronto and Vancouver, however, sales […]