GTA Resale Housing Market Measured in September
The Greater Toronto Area resale housing market continued at a measured pace through September, Toronto Real Estate Board President Maureen O’Neill announced today. With 6,424 homes changing hands last month, activity in the GTA declined six per cent compared to the 6,866 sales that took place in September 2007 […]

Professor says U.S.-style bust in the cards
Median sale prices for single-family homes in Calgary have plunged in the range of $45,000 to $66,000 in September from their peaks just over a year ago.
Data from Calgary realtors Gary and Mike MacLean, of Re/Max Real Estate Central, also show the median sale price for a Calgary condominium […]

Sale prices and transactions drop as inventories start to climb
Canadian sellers are backing off listing properties now that sale prices and transactions have dropped at the same time inventories climbed. “The housing market is returning to a slower pace compared to the past couple of years,” the Canadian Real Estate Association said yesterday.
The average sale […]

The number of properties listed via the MLS systems of real estate boards in Canada retreated in August 2008 from record levels in the previous four months, according to statistics released today by The Canadian Real Estate Association (CREA). With new listings down from the recent peak, the resale housing market is stabilizing in most […]

While housing sales in the Toronto area have slowed considerably from last year’s hectic pace, the top end of the market remains relatively strong.
The RE/MAX Upper-End Report, which highlights trends and developments in 15 housing markets across the country for the first seven months of 2008 found Vancouver, Victoria, Regina, Saskatoon, Winnipeg, London, Kitchener-Waterloo, Ottawa, […]

High prices rather than tightening credit conditions are curbing Canadian home buyers’ enthusiasm, says a new Desjardins Economic Studies report that argues Canada is not headed for a U.S.-style housing market collapse. “Price advances had been supported by fundamentals - strong employment and low interest rates - not softening credit conditions. Canada’s real estate market […]

Crumbling housing prices have touched off a financial crisis in the U.S. Could the same thing happen here?
There’s no question there are significant differences between the U.S. bloodbath and the situation facing Canada. It’s just that the gap isn’t as wide as some might believe. The good news is Canada never had a huge subprime […]

Toronto based Brookfield Asset Management is purchasing GMAC’s its home services unit which includes real its estate brokerage. The transaction, which will stretch Brookfield’s Residential Property Services unit into the United States, will most likely be completed in the fourth quarter this year, Brookfield said. Terms were not disclosed.
GMAC is trimming mortgage operations after seven […]

Committed to Maintaining Stability of Financial Markets
The G7 stand ready to take whatever action is needed to maintain the stability of the financial sector, the group announced on Monday morning after a series of meetings over the weekend and into Monday. The G7 said they remained committed to protecting the integrity of the international financial […]

Most indicators suggest that Toronto’s economy is not having its best year. Manufacturing in the Greater Toronto Area (GTA) is being hammered by the high Canadian dollar and the slowdown in the U.S. economy. The ‘Big Three’ auto firms are facing weaker demand from south of the border and a shift in production to more […]