According to the Canadian Centre for Policy Alternatives (CCPA), Canada is experiencing a housing bubble that is destined to pop. In a recently released report, the non-profit research group examines house price growth in six Canadian markets and puts forward a few scenarios of how prices might be affected when the bubble bursts.
Canadians are becoming [...]
Canada Mortgage and Housing Corporation (CMHC) released their 3rd quarter Canadian housing forecast this morning. With hundreds of billions of dollars riding on insured mortgages, nobody will claim that CMHC doesn’t have a fair bit of skin in the real estate market and is not exactly an unbiased source. Just the same, they have a [...]
There is one word that can be used to describe residential real estate activity for July in every major market in Canada – down. Some markets are down more than others. I could find only one that is down less than we are. Here’s a quick look at what I’ve been able to dig up [...]
Royal LePage’s House Price Survey for the second quarter of 2010 was released this morning. Here is the release for the Saskatoon area.
SASKATOON, July 7 /CNW/ – The Royal LePage House Price Survey and Market Survey Forecast released today showed solid price increases across most housing types surveyed in Saskatoon. Price gains were strongest for [...]
Statistics released by The Canadian Real Estate Association (CREA) show that home sales activity and new listings in Canada declined in May.
Seasonally adjusted home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards declined nationally by 9.5 per cent in May from near-record level activity the previous month. While activity [...]
I’ve just read “Assessing Vulnerabilities in the Canadian Housing Market,” a five-page report written by CIBC economist Benjamin Tal and released on May 25. If you’re looking for some reassurances that the bottom isn’t about to fall out of the Canadian housing market, you may appreciate Tal’s assessment.
Mr. Tal clearly feels that Canadian housing is [...]
Housing affordability in Canada deteriorated for the third consecutive quarter and is likely to erode further over the next 12 to 18 months, despite changes in conditions which point to more balanced real estate markets, according to the RBC Housing Trends and Affordability study released today. Anticipated interest rate hikes are expected to increase the [...]
Here is handful of my favourite real estate blogs and websites where I’ve found the best content for the communities represented. They’re organized alphabetically by city.
Great Canadian real estate blogs and websites
Calgary, AB – Bob Truman
Calgary, AB – Mike Fotiou
Calgary, AB – Nevin Van Nest
Collingwood, ON – Marg Scheben-Edey
Edmonton, AB – Sheldon and Sara
Halifax, NS [...]
Saskatoon home builders were busy starting 177 homes during the month of April, a significant rebound from 2009’s miserably low number of just 25 homes according to a report released by Canada Mortgage and Housing Corporation (CMHC) today.
So far this year, 542 homes have been started in the Saskatoon census metropolitan area, up from 114 [...]
Strong home sales driven by consumer efforts to beat rising interest rates and the harmonized sales tax coming soon to Ontario and British Columbia will push the nation’s average home price to just under $350,000 before it peaks and starts to decline says a report released by TD Economics today. While sales should come close [...]
According to a report released today by the Salvation Army, approximately one in nine Canadians say they have either experienced homelessness or have come close to experiencing homelessness at some point in their life. The report titled, “Poverty shouldn’t be a life sentence” is based on responses to a telephone survey conducted in late 2009 [...]
