crea

Home prices expected to climb 4.9% in 2024 as sales rise last month: CREA

April 12, 2024 No Comments

The Canadian Real Estate Association says it’s now expecting the national average home price to climb 4.9% on an annual basis to $710,468, more than double the hike it had predicted at the start of 2024.

The Canadian Real Estate Association says February home sales jumped 19.7 per cent compared with a year ago. A West-end Toronto home for sale is shown in this July 15, 2023 file photo. THE CANADIAN PRESS/Graeme Roy The Canadian Real Estate Association says February home sales jumped 19.7 per cent compared with a year ago. A West-end Toronto home for sale is shown in this July 15, 2023 file photo. THE CANADIAN PRESS/Graeme Roy

National home sales in February up nearly 20% compared with year ago

March 18, 2024 No Comments

The Canadian Real Estate Association says February home sales jumped 19.7 per cent compared with a year ago in what could mark the “last relatively uneventful month of the year.”

Canada’s housing rebound continued in January. What should buyers expect this spring?

February 14, 2024 No Comments

January marked the second straight month of higher home sales in Canada, which are now up 22% from a year ago.

2023 marked 15-year low in Canadian home sales, but ended with December “bounce”

January 15, 2024 No Comments

Canadian existing home sales reached their lowest level in 15 years in 2023, although the year did end on a high note with a December “bounce” in activity.

Home prices continue to fall under the weight of high interest rates, but affordability not improving

December 14, 2023 No Comments

Both home prices and sales continued to trend downward in November as high interest rates continue to keep many prospective buyers on the sidelines.

Housing market cooldown continued in November, but few signs of widespread selling related to renewal shock

December 7, 2023 1 Comment

The slowdown in housing activity across the country continued in November, but so far there aren’t signs of widespread distressed selling, figures show.

Home prices could be in “another leg down,” as housing weakness spreads

November 15, 2023 No Comments

Weakness in Canada’s housing markets is now spreading beyond the major markets of Vancouver and Toronto, the latest data reveal.

Canadian home prices face downward pressure as inventory builds and sales slow

October 13, 2023 No Comments

The trend of falling home sales and a growing number of listings continued in September, which observers say should keep downward pressure on prices.

Canadian housing activity slows in August following Bank of Canada rate hikes

BoC’s summer rate hikes continue to slow housing activity…except in Alberta and Atlantic Canada

September 15, 2023 No Comments

Real estate markets across the country continued to lose steam in August following the latest Bank of Canada rate hikes in June and July. Everywhere outside of Alberta and some pockets of Atlantic Canada, that is.

Higher interest rates put a chill on Canada’s housing markets in July

August 15, 2023 No Comments

Home sales and prices continued to ease in July following the two latest rate hikes from the Bank of Canada.