Tags » Canadian Real Estate Association
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
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
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
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
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