GO Back Facebook Twitter LinkedIn Email Province-by-province, the Canadian housing market continues to demonstrate dynamic price movements. While Ontario and British Columbia saw price decreases, Atlantic Canada experienced significant growth. These developments are essential indicators for purchasers, vendors, and investors navigating the ever-changing real estate market. This article offers a comprehensive analysis of the current…
Blog Category: Condo Markets
Exploring Notable Trends in the Canadian Real Estate Market as Spring Market Accelerates
GO Back Facebook Twitter LinkedIn Email As the spring market in Canada acquires momentum, it is essential to investigate the significant trends influencing the real estate industry. Despite the fact that escalating home prices are a common occurrence during this season, there are underlying factors that warrant closer examination. This article intends to illuminate these…
Canadian Real Estate Market Bounces Back: RBC Report Indicates End of Housing Market Correction
GO Back Facebook Twitter LinkedIn Email According to a recent RBC report, the correction in Canadian housing prices appears to have ended after a year-long decline that saw Toronto real estate prices fall by nearly 18%. The spring market has reached a turning point, with national home resales in April increasing by 11.3%. This robust…
The Boomer Dominance in Canada’s Real Estate Market
GO Back Facebook Twitter LinkedIn Email According to a recent study from Statistics Canada’s (Stat Can) Canadian Housing Statistics Program (CSHP), the majority of real estate investors in Canada are baby boomers, which is a significant trend in investor demographics. This article explores the implications of the boomers’ dominance in the real estate market and…
Toronto and Vancouver Home Prices Soar Due to Falling Mortgage Rates
GO Back Facebook Twitter LinkedIn Email Canada’s two largest real estate markets, Toronto and Vancouver, experienced a surge in home prices in April. Both cities saw home prices rise by 2.4%, with the benchmark price in Toronto reaching $1,145,700 and in Vancouver reaching $1,170,700. Although tighter inventory and rising sales may have contributed to the…
Vancouver Real Estate Market Experienced Improved Homebuyer Confidence in April 2023
GO Back Facebook Twitter LinkedIn Email According to recent statistics published by the Real Estate Board of Greater Vancouver (REBGV), the Greater Vancouver region has seen an improvement in home sales, indicating a resurgence of homebuyer confidence. The region registered 2,721 residential home sales in April, an 8.4% increase from the 2,511 recorded in March.However,…
Toronto Condo Market Shows Signs of Recovery in Q1 2023
GO Back Facebook Twitter LinkedIn Email The Toronto condo market experienced a drastic slowdown in sales at the end of 2022, but the first quarter of 2023 has shown promising signs of recovery. According to the Toronto Regional Real Estate Board (TRREB), 2,961 condos were sold in Toronto during Q1 2023, down from 5,368 in…
Why Canada’s Housing Market Will Continue to Decline Until Mid-Year
GO Back Facebook Twitter LinkedIn Email The Canada Mortgage and Housing Corporation (CMHC) has released its latest housing market outlook, stating that Canadian home prices will continue to decline until the middle of 2023. This will be followed by a bottoming out and then a rise again through 2025. The agency’s annual forecast predicts that,…
Canadian House Market Trends April 2023
GO Back Facebook Twitter LinkedIn Email The average house price in the nation in March 2023 was $686,371, up 4% from the previous month and the highest since May 2022, owing to robust gains in major Canadian housing areas. In fact, the previous month’s provincial average house price increased in the majority of provinces. Alberta,…
Competition Between Buyers Re-Emerges in Toronto’s Real Estate Market
GO Back Facebook Twitter LinkedIn Email According to a report from the Toronto Regional Real Estate Board (TRREB), competition between home buyers is starting to pick up again after several months of sluggish sales in the Toronto area. The average price of a home in the area rose to $1,108,606 in March, up from $1,096,519…
