Tag: Housing

Canada’s Most Expensive Home Market Is Stabilizing After Slump – Bloomberg

Vancouver home sales rebounded 46% in September in a sign that Canada’s most expensive home market may be finding its feet following a policy-driven downturn.It was the third consecutive month that the number of properties sold was up from the same period last year. Prices, however, continue to slip: the benchmark home price fell 7.3% in September compared with the same month last year, according to the Real Estate Board of Greater Vancouver.Vancouver, once one of the world’s hottest real estate
— Read on www.bloomberg.com/news/articles/2019-10-02/canada-s-most-expensive-home-market-is-stabilizing-after-slump

Greater Montreal home sales grow 16 per cent to set new record in July

MONTREAL — Summer vacations haven’t dampened demand in Greater Montreal’s real estate market which saw sales grow by 16 per cent to a new sales record in July. The Quebec Professional Association of Real Estate Brokers says residential sales hit 3,698 for a 53rd consecutive monthly increase. Sales of single-family homes and condominiums climbed 16 per cent to 2,012 and 1,313 respectively. Plexes with two to five dwellings increased 23 per cent…
— Read on www.msn.com/en-ca/money/real-estate/greater-montreal-home-sales-grow-16-per-cent-to-set-new-record-in-july/ar-AAFr7yu

Heated Vancouver housing market moderating for first time in three years: CMHC

Vancouver’s housing market stability has gone from “highly vulnerable” to moderate for the first time in three years, according to the new assessment from Canada Mortgage and Housing Corp. The shift comes as the CMHC has also dropped its red flag on real estate price acceleration in the Vancouver market, taking it from a “moderate” rating in May to “low” today. These assessments, contained in CMHC’s third-quarter report released Thursday, won’t…
— Read on www.msn.com/en-ca/money/topstories/heated-vancouver-housing-market-moderating-for-first-time-in-three-years-cmhc/ar-AAFct35