The Canadian Real Estate Association says home sales climbed 2.2 per in December compared with November as they recovered from a dip following the introduction of new mortgage rules
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If you thought the Bank of Canada’s estimation that the country’s housing market was overvalued by 20 per cent was startling, how about Deutsche Bank’s estimation of a whopping 62 per cent overvaluation?
Housing starts in Canada were trending slightly lower in December as developers work to stabilize the pace of new home construction, and by extension the supposedly overheated housing market.
As Canada’s west coast starts to feel the impact of the decline in oil prices, investors and homeowners in Labrador West are seeing first-hand the risks associated with owning property in a resource-driven market.
Hamilton’s residential market experienced a hot 2014, and is expected to see a hot 2015 as well, but the city’s commercial market has been slow to pick up steam.
Canada’s housing is 63 per cent over-valued says Deutsche Bank… Homes over $1 million surge in Calgary… Labrador West ‘bubble has burst’… Non-profit housing organisation reports record numbers…
Despite all the negative press in Canada’s real estate market in the past six months, investors are still making their own decisions and putting money into the market, according to a new report.
The Alberta housing market is already feeling the impact of the historic drop in oil prices – but experts say this could suggest an opportunity for investors.
Toronto’s housing market continued to rise in 2014, with sharp increases in both average price and number of sales, and the city’s December data suggests that hot streak is hardly about to cool.
Edmonton market will be slow but steady this year say realtors… GTA narrowly misses annual sales record… Ottawa had a reasonably good 2014… First time buyers may need $500,000 but ownership is still favourable…