The Canadian Real Estate Association (CREA) is claiming a Canadian home sales record has been broken as real estate boards across the country reported more than 50,000 home sales for the first time during any July on record.
According to statistics released by The Canadian Real Estate Association (CREA), a total of 50,270 homes traded hands [...]
RBC Economics has just released their latest Housing Trends and Affordability report for the Canadian real estate market. Here are some excerpts that touch on affordability changes nationally, and in Saskatchewan.
Improved affordability lifts Canada’s housing markets
Housing affordability greatly improved in the first quarter of this year; RBC’s affordability measures for all housing types recorded some [...]
The Canada Mortgage and Housing Corporation (CMHC) released their Spring Housing Market Outlook for the Saskatoon CMA today. Here’s the gist of it.
After the strongest two-year performance since the late 1970’s, Saskatoon single-detached housing starts will decline to 600 units in 2009 and bounce back to 725 units in 2010. The 2009 singles forecast represents [...]
People are often curious about how certain home improvements will affect the value of their homes. The chart of percentages displayed here presents some findings compiled by the Appraisal Institute of Canada from their 2008 membership survey. It is intended to give the homeowner a very general idea of the potential that certain improvements have [...]
Here are a few of the highlights from RBC’s recent Housing Trends and Affordability study released yesterday.
As we head into the all-important spring season, the ongoing cyclical correction will put the entire housing sector to the test. However, while the pain will likely persist for many homeowners and industry participants, there are encouraging signs on [...]
Released yesterday by TD Economics, this report on Canadian housing.
Looking back on the boom in Canadian home building from 2002 to 2008, it is now clear that unsustainable price increases drove unsustainable levels of building. This overbuilding will weigh on markets over at least the next three years. Even as Canada recovers from the cyclical [...]
With residential real estate inventory above benchmark levels, average home prices in Saskatchewan showed year-over-year declines of 5.5 per cent, but increased 2.2 per cent in the first quarter of 2009. According to Royal LePage’s quarterly House Price Survey, the year-over-year value of key housing types – detached bungalows, standard two-stories and condominiums – were [...]
Housing starts across Canada continued to weaken through the month of February falling 59% nationally and 69% in Saskatchewan, according to “Preliminary Housing Start Data” released by Canada Mortgage and Housing Corporation today. Only British Columbia and Prince Edward Island showed larger drops as both provinces saw starts decline 76% in February compared to the [...]
Some call it a report on the obvious, while others see it as big news.
No matter how you view the Frontier Centre for Public Policy’s International Housing Affordability Survey, you’d be hard pressed to make a convincing argument that housing affordability hasn’t suffered a serious blow in Saskatoon over the past couple of years. In [...]
What would happen if the Canadian real estate market followed a similar path to the U.S. housing market, and what would that look like a year down the road?
The Financial Post answered that question in an article titled, “How low can they go? If Canadian prices follow U.S. trends, certain cities will experience a major [...]
RBC’s recently released “Housing Trends and Affordability” study suggests that housing affordability in the province saw some modest improvements over the third quarter but the Saskatchewan housing market is experiencing a “hangover” after a year of partying hard.
“Like Alberta and British Columbia before it, Saskatchewan is about to feel the downside of frenzied markets. Housing [...]
