CREA now expects national home sales to only decline by 1.6% to 439,900 in 2011, up from its previous forecast in November 2010 that projected sales would decline by 9%.
In 2012, national...
CREA’s forecast revision for 2011 more optimistic
Written by Canadian Real Estate Magazine Tuesday, 08 February 2011 11:55
Published in
Canadian Real Estate Magazine
The Canadian Real Estate Association (CREA) has revised its 2011 forecast, following a stronger-than-expected rebound in sales during the second half of 2010.
Canadians less optimistic about 2011 economy recovery: RBC
Written by Canadian Real Estate Magazine Tuesday, 08 February 2011 11:56
Published in
Canadian Real Estate Magazine
Canadians are less optimistic about the economy and their personal finances in 2011 compared to last year, according to the January 2011 RBC Canadian Consumer Outlook Index (RBC CCO).
While 43% of Canadians think the economy will improve over the next 12 months, this is a significant decline in confidence from 56% in last January’s RBC COO. Also...
Housing starts rise moderately in January
Written by Canadian Real Estate Magazine Tuesday, 08 February 2011 11:56
Published in
Canadian Real Estate Magazine
Construction of new homes rose slightly in January, according to the latest report from Canada Mortgage and Housing Corporation (CMHC).
The seasonally adjusted annual rate of housing starts was 170,400 units, up from 169,000 units in December 2010. According to final figures, actual housing starts for 2010 totalled 189,930 units, with activity...
Tight inventory levels elevated home prices over last decade: Re/Max
Written by Canadian Real Estate Magazine Tuesday, 08 February 2011 11:57
Published in
Canadian Real Estate Magazine
Tight inventory levels enabled the last decade to be one of the healthiest for Canadian real estate, which will help maintain stability within the major centres for 2011, according to Re/Max.
The Re/Max Housing Barometer Report found a strong seller’s market allowed for significant increases in housing values, measuring monthly sales-to-new list...
Housing starts to drop to 160,000 in 2011: TD Economics
Written by Canadian Real Estate Magazine Wednesday, 09 February 2011 11:57
Published in
Canadian Real Estate Magazine
Housing starts in January came in slightly lower than market expectations, but remained “largely unchanged†from December’s numbers, according to TD Economics.
The annual rate of housing starts reached 170,400 in January – 4,000 lower than TD Economics’ estimates – keeping housing starts roughly on par with the rate of 169,000 starts re...
Housing starts to drop to 160,000 in 2011: TD Economics
Written by Canadian Real Estate Magazine Wednesday, 09 February 2011 11:57
Published in
Canadian Real Estate Magazine
Housing starts in January came in slightly lower than market expectations, but remained “largely unchanged†from December’s numbers, according to TD Economics.
The annual rate of housing starts reached 170,400 in January – 4,000 lower than TD Economics’ estimates – keeping housing starts roughly on par with the rate of 169,000 starts re...
Saskatchewan slated for largest growth in home prices, population
Written by Canadian Real Estate Magazine Wednesday, 09 February 2011 11:58
Published in
Canadian Real Estate Magazine
Saskatchewan has seen gains in home prices unlike anywhere else in the country, according to recent data.
New reports this week by Re/Max and two Saskatchewan real estate boards both show significant home price gains.
According to Re/Max, average residential price in Regina rose the highest of any major market in Canada, by 9.56% annually in the...
According to Re/Max, average residential price in Regina rose the highest of any major market in Canada, by 9.56% annually in the...
Saskatchewan slated for largest growth in home prices, population
Written by Canadian Real Estate Magazine Wednesday, 09 February 2011 11:58
Published in
Canadian Real Estate Magazine
Saskatchewan has seen gains in home prices unlike anywhere else in the country, according to recent data.
New reports this week by Re/Max and two Saskatchewan real estate boards both show significant home price gains.
According to Re/Max, average residential price in Regina rose the highest of any major market in Canada, by 9.56% annually in the...
According to Re/Max, average residential price in Regina rose the highest of any major market in Canada, by 9.56% annually in the...
Edmonton real estate market hits a cold streak
Written by Canadian Real Estate Magazine Wednesday, 09 February 2011 11:58
Published in
Canadian Real Estate Magazine
Despite having some of the best housing price growth in the past decade in Canada, the latest trend in Edmonton is down.
According to the Realtors Association of Edmonton’s report on January, both sales volume and home prices have dropped from the same time a year ago.
The average residential selling price of $310,766 was down 11.1% from January...
The average residential selling price of $310,766 was down 11.1% from January...
Higher inventory moves Montreal toward buyers’ market
Written by Canadian Real Estate Magazine Thursday, 10 February 2011 11:58
Published in
Canadian Real Estate Magazine
As residential median prices continue to rise in Montreal, sales activity has slowed this winter and there's now a larger stock of homes for buyers to choose from.
There were 2,477 sales transactions in the Montreal area in January, a 10% decrease over a year earlier, according to the Greater Montreal Real Estate Board (GMREB).
The median price for...
The median price for...
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