Canada Property News

Residential property prices continue to increase at a moderate rate

Residential property prices are still increasing in Canada, but at a more moderate rate, according to the latest MLS Home Price Index.

It increased by 5.1% in March 2012 compared to the same month last year. The increase was on par with February’s gain, which was the smallest since last June. The monthly gain was 1.3%. [click to continue…]

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Thumbnail image for House price growth slows in Canada, latest figures show

House price growth slows in Canada, latest figures show

March 27, 2012

The MLS Home Price Index, the leading measure of Canadian home prices, continued rising in February 2012, according to the latest statistics released from the Canadian Real Estate Association (CREA). Year on comparisons continued shrinking, providing further evidence that Canadian home price growth may be topping out, said CREA.

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Canada’s property outlook for 2012 and 2013 updated

March 8, 2012

The Canadian Real Estate Association (CREA) has updated its quarterly forecast for home sales activity via the Multiple Listing Service and extended it to 2013. National home sales activity for 2012 and 2013 is projected to remain roughly on par with the 10 year average for annual activity, as interest rates remain low and further [...]

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Thumbnail image for CREA increases its property sales forecast due to robust sales

CREA increases its property sales forecast due to robust sales

November 16, 2011

The Canadian Real Estate Association (CREA) has revised its forecast for residential property sales activity due to a stronger than expected market. Activity came in broadly in line with expectations across much of the country in the third quarter of 2011 with the exception of Ontario. Sales there came in stronger than anticipated in a [...]

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Thumbnail image for Property sales pick up in Canada, latest figures show

Property sales pick up in Canada, latest figures show

October 18, 2011

National resale housing activity in Canada picked up in September 2011 with sales up 2.7% over the previous month, according to the latest figures from the Canadian Real Estate Association (CREA). It means that activity during the first nine months of this year pulled ahead of sales over the same period last year and the [...]

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Thumbnail image for Property sales in Canada stronger than expected

Property sales in Canada stronger than expected

August 19, 2011

The Canadian Real Estate Association has revised its forecast for residential property sales as transaction activity and prices were stronger than expected in the second quarter of the year. Sales momentum was also better than expected heading into the third quarter. As a result, the 2011 national forecasts for sales activity and average price have [...]

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Thumbnail image for Slightly improved outlook forecast for Canadian real estate market

Slightly improved outlook forecast for Canadian real estate market

May 12, 2011

The Canadian Real Estate Association (CREA) has revised its forecast slightly for real estate sales activity for 2011 and 2012. National sales activity is now expected to reach 441,100 units in 2011, a decline of 1.3% from 2010, but a slight improvement from the 1.6% decline forecast by CREA in February.

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Thumbnail image for Canadian property market declared stable and steady

Canadian property market declared stable and steady

April 19, 2011

Residential property sales in Canada are steady with the latest figures from the Canadian Real Estate Association (CREA) showing that they were 0.1% higher in March than the previous month. With national sales in each of the first three months of 2011 running close to their five or ten year monthly averages, seasonally adjusted national [...]

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Thumbnail image for First time buyers leading property revival in Canada, report suggests

First time buyers leading property revival in Canada, report suggests

April 13, 2011

First time buyers in Canada are helping to fuel strong gains in the property market as they seek to get a rung on the housing ladder before interest rates rise, it is claimed. Almost a third of 19 major Canadian markets are reporting a greater number of sales than the same period in 2010, with [...]

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Thumbnail image for Latest figures show Canadian real estate market is stable

Latest figures show Canadian real estate market is stable

March 17, 2011

The real estate market in Canada is steady with the latest figures from the Canadian Real Estate Association showing that national resale activity was average in February. Actual, not seasonally adjusted, national sales activity via the Multiple Listing Service of Canadian real estate boards came in 5.9% below levels reported last February. This marks the [...]

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Thumbnail image for Canadian property prices expected to be stable in 2011

Canadian property prices expected to be stable in 2011

January 19, 2011

National resale property activity in Canada December 2010 was slightly above average for the month but year on year sales are down 14.4%, the latest index shows. The national trend for monthly sales remained stable in December, with seasonally adjusted sales activity having edged down by less than a percentage point from the previous month, [...]

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