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Fort McMurray takes hardest hit in Alberta real estate market in 2015

Housing sales in the heart of Alberta’s oilpatch have taken the hardest hit from plunging oil prices.

Data from the Canadian Real Estate Association show Fort McMurray MLS sales last year fell by 43.5 per cent from 2014 levels, while the average sale price declined by 6.2 per cent — both the biggest annual declines in the province. 398 more words


Average Canadian house price is $454,342, up 12% from 2014

OTTAWA – The Canadian Real Estate Association says sales through its MLS system in December were down 0.6 per cent from November.

The association says sales were down from the previous month in slightly more than half of all local markets. 78 more words


Calgary region housing sales down $4.6 billion in 2015

Calgary’s resale housing market lost more than $4.6 billion in sales in 2015, data from the Canadian Real Estate Association show.

It said the total dollar volume of MLS sales fell to $10.89 billion in 2015, from $15.5 billion in 2014 — a plunge of 29.7 per cent that was by far the largest in Canada. 303 more words


Home prices expected to drop 1.2% in Saskatchewan in 2016

After declining slightly in 2015, average home prices in 2016 are expected to dip by more than one per cent in Saskatchewan, one of three oil-producing provinces that will see lower home prices next year, according to the latest forecast from the Canadian Real Estate Association (CREA). 454 more words


Fort McMurray sees plunge of nearly $125,000 in average home price with more pain to come

The crash in oil prices this year is hitting Alberta’s residential real estate market hard these days with oilsands epicentre Fort McMurray in particular feeling the pain — and a report released by the Canadian Real Estate Association forecasts continued volatility in 2016. 326 more words


Vancouver, Toronto still sizzle as home prices tumble elsewhere

The explosive growth in home prices in Vancouver and Toronto continued unabated in November, new numbers from the country’s real estate board show — likely further fanning worries about potentially sharp drops to come in those markets. 464 more words


CREA worries Ottawa's new mortgage rules will dampen home sales in 2016

TORONTO — The Canadian Real Estate Association is raising concerns that new mortgage rules announced by Ottawa last week could dampen housing sales next year. 498 more words