Average home price to end the year 4.8% lower than 2022, will rise 4.7% in 2024: CREA
The Canadian Real Estate Association expects the average price of a home to end the year 4.8 per cent lower than 2022, but says prices
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Rishi Sondhi
Home sales in Canada post worst start to the year since 2009: CREA
The drop came as January sales also fell on a month-over-month basis as they dropped three per cent compared with December.
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.
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.
Ottawa-Gatineau’s unemployment rate edges up to 4.2% in October
In its latest labour force survey, Statistics Canada said Friday that the unemployment rate for last month held steady at 5.2 per cent as more
May home sales down 22% since last year, 9% from April: CREA
Economists attribute much of the cooling to rising interest and mortgage rates.
CREA reports home sales down in April as mortgage rates rise
The association found the number of homes sold dropped by 25.7 per cent to 54,894 last month from 73,907 in April 2021, when the country
Royal LePage boosts Ottawa home price forecast as supply crunch persists
Firm is now predicting the aggregate price of a home in Ottawa will jump 13 per cent in the fourth quarter of 2022 compared with
Canadian home sales set new record in 2021, topping previous high by 20%: CREA
Canadian Real Estate Association said Monday that about 667,000 residential properties changed hands in 2021, about 30 per cent more than the 10-year average.
Gatineau builders fuel surge of multi-res housing starts in December
Ottawa-Gatineau’s apartment-building bonanza continued to drive the local housing construction market in December, with the number of multi-unit starts nearly doubling year-over-year
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