Canada will see weakest level of home sales since 2001 this year: TD report
The housing market outlook from economist Rishi Sondhi attributes the prediction to the poorest affordability level since the late 80s and early 90s.
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Canadian Real Estate Association
Canadian Real Estate Association reports home sales down in November
The association said Thursday the move lower more than erased the gain seen in October and resumed the overall trend lower for the year.
Canadian October home sales up from September, first monthly increase since February
The Canadian Real Estate Association says home sales in October posted their first monthly gain since February. The association says sales in October were up
CREA reports home sales in typically busy September continued to slow
Compared with a year ago, home sales in September were down 32.2 per cent and about 12 per cent below the pre-pandemic 10-year average for
CREA lowers expectations for home sales and price growth for 2022
In its latest housing market outlook released Thursday, the association said it expects 532,545 properties to trade hands via Canadian MLS systems this year.
Canada’s real estate market is cooling. Here’s what to expect this fall
After fuelling Canada’s economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate.
Canadian home sales fall for fifth month in a row, down 29% from last July: CREA
On a seasonally adjusted basis, the association says sales in July fell 5.3 per cent compared with June. The actual number of sales last month
June home sales down 24% from last year, 6% since May: CREA
The association revealed Friday that June home sales amounted to 48,176, a 24 per cent drop from 63,280 during the same month last year.
May home sales down 22% since last year, 9% from April: CREA
Economists attribute much of the cooling to rising interest and mortgage rates.
Interest in mortgages from alternative lenders up as rates rise: Brokers
Canadian homebuyers are increasingly considering credit unions and private lenders to secure mortgages as rates rise, brokers say.
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