See what the average home price in Canada will be in 2020
As we approach the beginning of a new decade, it’s fair to say that 2019 was a year of recovery for Canada’s resale housing market. Now let’s take a look at what 2020 may hold.
Greater Toronto Area home sales slowing, but prices still on the rise
The year may have started off slow for national housing activity, but it looks like 2019 is going to end on a good note, according to the latest monthly report from the Canadian Real Estate Association.
Canadian home sales continue to climb through the fall
According to the Canadian Real Estate Association, home sales reported through national MLS systems in September 2019 increased 15.5% year-over-year, and came in 18% above the six-year low hit in February 2019.
Canadian home sales increase for the sixth consecutive month
In August 2019, national home sales increased for the sixth month in a row, coming in 17% higher than the six-year low hit in February 2019. On a year-over-year basis, national sales jumped 5%, with significant activity in the Greater Toronto Area.
Lower mortgage rates spur brighter outlook for resale housing market
With a strong summer coming to an end, the Canadian Real Estate Association updated its resale housing market forecast with a slightly more positive outlook for the rest of 2019 and beginning of 2020.
6 housing ideas to consider before heading to the polls in October
The Hub is called REALideas, and it has all the policy recommendations that the leading political parties should take into consideration when releasing their platforms in the coming weeks.
Canadian home sales climb for the fifth month in a row
Despite the stress test, Canadian home sales are returning to healthy levels, according to the monthly report from the Canadian Real Estate Association. In July 2019, national home sales increased for the fifth consecutive month.
Without Toronto and Vancouver, the average home price in Canada is below $400,000
Though it seemed like the housing market was heating up last spring, on a national level, activity was a bit less exciting, according to the latest monthly report from the Candian Real Estate Association.
Canadian home sales remain strong through spring
According to the Canadian Real Estate Association, Canadian home sales increased 1.9% in May compared to April 2019, hitting the 10-year average for the month.
