Tags » Canadian Real Estate Association

Top real estate stories of 2016: House flipping becomes reality, government tries to cool the hot market

What if you kept making the same prediction over and over again and it never came true?

That’s the dilemma for housing naysayers who have been calling for some type of meaningful correction for more than a decade. 160 more words

Mortgages & Real Estate

Would you rather have a house or a job in Ontario? Guess which one paid more in 2016

For most people in Canada’s largest province, owning house was better than having employment in 2016.

“The average home price in all of Ontario rose almost $90,000 in the past 12 months alone, meaning that, for most in the province, their house likely made more than they did last year,” Doug Porter, chief economist with Bank of Montreal, said, in a brief economic note out Friday. 237 more words

SP6

Home sales to slip about 3% in 2017 as new mortgage rules slow Toronto, Vancouver markets, CREA says

TORONTO – The Canadian Real Estate Association is predicting home sales will dip by about 3.3 per cent next year as deteriorating affordability, a shortage of supply and… 413 more words

Money

New forecast says record sales for 2016, but get ready for house prices to actually drop next year

Canada’s realtors are predicting the first decline in real estate prices on a national basis since 2008 and laying the blame for the drop on the federal government. 821 more words

Breaking

Ikea racks up record sales in Canada amid redecoration and home-buying spree

Ikea Canada racked up record numbers in 2016, with sales rising 14.2 per cent to $2.05 billion as the home furnishings retailer saw strong gains in both its store and online operations. 1,053 more words

Retail & Marketing

Worry about supply — not demand — in Canada's overheated property market, says former BoC governor David Dodge

In 2006, in the middle of one the hottest years on record for Canadian housing, then Bank of Canada Governor David Dodge sent a testy letter to his counterpart at the country’s mortgage insurer warning about lax standards fueling demand for homes. 854 more words

SP6

Record number of homes sold in October despite decline in B.C., says CREA

OTTAWA – The number of homes sold throughout the country last month hit a record for October, the Canadian Real Estate Association said Tuesday.

There were 42,473 residential properties sold last month through the association’s Multiple Listing Service, up two per cent year-over-year. 233 more words

Money