Tags » Canadian Real Estate Association

Home prices in red-hot Toronto race higher and higher

The real estate board for the country’s largest, and arguably hottest, housing market said Monday prices are up nearly 10 per cent again through the first two weeks of August compared to the same two-week stretch last year. 449 more words

Money

Existing home sales in Canada rise for sixth straight month in July: CREA

TORONTO — Sales of existing homes in Canada rose in July to their highest level since March 2010, notching their sixth straight monthly increase after a slow winter, the Canadian Real Estate Association (CREA) said on Friday. 304 more words

Breaking

Canada property market massively overvalued: house prices rose 7.1% year-on-year in May

A report carried out by Fitch Ratings earlier this month revealed that Canadian properties are hugely overvalued.

The company’s sustainable home price model (which measures home prices relative to long-term fundamentals), found that Canadian home prices are approximately 20 per cent overvalued in real terms. 142 more words

Canada

Housing market skewed by handful of hot cities, Canada Guaranty CEO says

Balanced. That’s the way the head of one of Canada’s two private mortgage default insurers sees the housing market today.

A day doesn’t go by without some commentator or some media outlet suggesting the housing market is going to crash. 1,082 more words

Mortgages & Real Estate

How to fix Canada's Housing Market

According to a CBC report the average housing price numbers are somewhat skewed by the hot markets in Vancouver and Toronto.

While the headlines from the Canadian Real Estate Association may highlight the nearly seven per cent spike in the average price of a house over the past year, analysts say the real story is that for most of the country, the housing boom appears to be over. 482 more words

Randy Miller

June home sales at best pace since 2010: CREA

OTTAWA – The Canadian Real Estate Association says home sales in June rose to their best pace since March 2010.

The association says sales through its Multiple Listings Service were up 0.8 per cent from May. 106 more words

Canada

Canadian home sales rise 0.8% to highest level in four years

Canadian existing home sales in June reached their highest monthly level in more than four years as prices continued to rise in some of the country’s hotter markets. 564 more words

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