Robert Kavcic

CREA reports home sales in typically busy September continued to slow

Residential

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

Residential

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.

Canadian home sales fall for fifth month in a row, down 29% from last July: CREA

Residential

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

Ottawa-Gatineau’s unemployment rate falls below 4% in June

Canada & World

That marks the lowest rate in at least two decades and comes even as the local economy’s job-creation engine stalled last month.

Over 22 million housing units needed by 2030 to solve affordability crisis: CMHC

Residential

Achieving housing affordability for everyone in Canada will require developers to become more productive and make full use of land holdings to build more housing,

May home sales down 22% since last year, 9% from April: CREA

Residential

Economists attribute much of the cooling to rising interest and mortgage rates.

CREA reports home sales down in April as mortgage rates rise

Residential

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

Canadians with mortgages brace for big Bank of Canada rate hike

Canada & World

The Bank of Canada is gearing up to announce its next move on interest rates this Wednesday, with Bay Street forecasters expecting a 50 basis-point increase.

Average Ottawa home price up 16% from February 2021 to more than $730K, industry group says

Residential

The average price in the nation’s capital last month was $730,300, according to the Canadian Real Estate Association, up from $630,000 in February 2021.