Sales moderate in April but prices up
April statistics show that 8,762 houses sold in the Greater Toronto Area. “The market continues to experience a supply and demand situation and to-date it remains a sellers market,” said TREB President Maureen O’Neill. The GTA market was down 7 per cent from last April’s record 9,452 transactions. However, […]

as they effect Canadian housing
Mortgage Rates
Mortgage rates have moved slightly higher over the past year. This rise, in conjunction with higher house prices, has and will continue to push mortgage carrying costs higher. As a result, this will ease housing demand, particularly for first-time buyers.
Employment
A record share of Canadians continue to be employed, […]

Sellers need to pay attention to the current market
Calgary’s MLS listings are taking twice as long to sell over last year, according to figures released by the Calgary Real Estate Board (CREB). Calgary’s MLS listings remain elevated for April indicating two things: Calgary is in a buyer’s market, and secondly, sellers need to pay attention […]

House prices hold value for Canadians during uncertain year.
House prices have remained a bedrock of value for Canadians over the past year, despite a steady flood of gloomy media headlines about the slowing Canadian economy, the volatility of the world’s stock markets, and the United States’ housing crash and credit crisis, according to a national […]

Sales of existing homes fell 6.8 per cent to 117,051 units in the first quarter of 2008 compared with the previous quarter, the Canadian Real Estate Association said Tuesday. The figures were the third consecutive quarterly decline since activity peaked in the second quarter last year. Fewer transactions in February and March in Toronto as […]

Toronto ranks as number 51
The third annual list of Canada’s Best Places to Live has just been published by Canadianbusiness.com. The list is designed to help measure as many different aspects of a community living as possible. You can use their findings in several ways. Perhaps you’re planning to relocate. Perhaps you’re looking to invest […]

Prices jump in Trinity Bellwoods, Leslieville and Old Mill but fall in Richview and Graydon Hall
Blustery winter weather cooled Toronto’s resale housing market in the first three months of the year, but pockets such as Old Mill and Trinity Bellwoods stayed sheltered in their own hothouse micro-climates. Meanwhile, most of the rest of Toronto saw […]

While higher housing values and tight inventory levels have hampered home-buying activity so far this year, longer amortization periods and alternative housing types have offset the impact on most major Canadian markets, according to a report released by RE/MAX.
Despite a higher degree of frustration in the marketplace than in previous years, the RE/MAX Affordability Report […]

The Bank of Canada lowered its benchmark rate by half a point to revive an economy that’s growing at its slowest pace in 16 years, and signaled more easing may be needed. Governor Mark Carney and his five deputies cut the rate on overnight loans between commercial banks to 3 percent, the lowest since December […]

Prices of resale homes edged up in Canada last month, but at a more moderate pace, signalling further cooling in the once red-hot sector, the Canadian Real Estate Association said this week. The average price of a resale home in Canada’s major markets was $329,383 in March (up from $327,477 in February and $325,183 in […]