Category Archives: Market News

Canada home resales, prices slip in June

Sales and prices of existing homes in Canada fell in June, the Canadian Real Estate Association (CREA) said on Monday, adding to recent data that has signaled the country’s long real estate boom is starting to fade. Home resales dropped 1.3 percent in June from May, and from a year earlier they were down 4.4 […]

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Toronto Condo prices to cool, not crash

Prices will cool in Toronto’s booming condominium market in the year ahead, but concern about a bubble is overblown as demographics and strong investor demand will insulate the market from a crash, economists at Canada’s largest bank said on Tuesday. The research department at Royal Bank of Canada waded into the debate over whether Toronto’s […]

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Condo Prices Grow at Moderate Pace in Q2

Greater Toronto REALTORS® reported 6,435 condominium apartment transactions during the second quarter of 2012 – down by 2.6 per cent compared to 6,609 transactions reported in the second quarter of 2011. New listings for condominium apartments were up substantially on a year-over-year basis, climbing by 19 per cent in comparison to 2011. “The condominium apartment […]

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Low-Rise Home Types Drive June Price Growth

July 5, 2012 — Greater Toronto REALTORS® reported 9,422 home sales through the TorontoMLS system in June 2012. The number of transactions was down by 5.4 per cent in comparison to June 2011. The year-over-year decline was largest in the City of Toronto, where sales were down by 13 per cent compared to June 2011. […]

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May 2012 Housing Starts

OTTAWA, June 8, 2012 — The number of housing starts was trending at 212,400 units in May, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts. The standalone monthly SAAR was 211,400 units in May, down from 243,800 in […]

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