The Canadian Real Estate Association News Release

Size: px
Start display at page:

Download "The Canadian Real Estate Association News Release"

Transcription

1 The Canadian Real Estate Association News Release Canadian home sales rebound in January Ottawa, ON, February 16, 2016 According to statistics 1 released today by The Canadian Real Estate Association (CREA), national home sales rebounded in January 2016 compared to the previous month. Highlights: National home sales edged up by 0.5% from December to January. Actual (not seasonally adjusted) activity was up 8% compared to January The number of newly listed homes retreated by 4.9% from December to January. The Canadian housing market has tightened but remains balanced overall. The MLS Home Price Index (HPI) rose 7.7% in January. The national average sale price rose 17% on a basis in January; however, excluding British Columbia and Ontario, it edged down 0.3%. The number of homes trading hands via MLS Systems of Canadian real estate Boards and Associations edged up by 0.5 percent in January 2016 compared to December of last year. The increase lifted national sales activity to the highest level since late 2009 (Chart A). Chart A The number of local housing markets was almost equally split between those where sales were up from the month before, and those where sales were down. Monthly sales increases in the Greater Toronto Area (GTA) and Lower Mainland of British Columbia fuelled the national sales increase and offset sales declines in Calgary, Edmonton and the Okanagan Region. * Data table available to media upon request, for purposes of reprinting only. Single family home buyers in the GTA and Lower Mainland of British Columbia had been expected to bring forward their purchase decisions before tightened mortgage regulations take effect in February 2016, said CREA President Pauline Aunger. If listings in these and nearby markets were not in such short supply, January sales activity would likely have reached even greater heights. Meanwhile, other major urban housing markets have an ample supply of listings, particularly where some home buyers have become increasingly cautious amid an uncertain job market outlook. All real estate is local, and REALTORS remain your best source for information about sales and listings where you live or might like to in the future. January 2016 picked up where 2015 left off, with single family homes in the GTA and Greater Vancouver in short supply amid strong demand standing in contrast to sidelined home buyers and ample supply in a number of Alberta housing markets, said Gregory Klump, CREA s Chief Economist. Tighter mortgage 1 All figures in this release except price measures are seasonally adjusted unless otherwise noted. Removing normal seasonal variations enables meaningful analysis of s and fundamental trends. The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 1

2 regulations that take effect in February may shrink the pool of prospective home buyers who qualify for mortgage financing and cause national sales activity to ease in the months ahead. Actual (not seasonally adjusted) sales activity rose eight percent on a basis in January 2016 and stood 2.6 percent above the 10-year average for the month of January. Activity was up compared to January 2015 among roughly two-thirds of all local markets. B.C. s Lower Mainland and the GTA again contributed most to the national increase. The number of newly listed homes fell by 4.9 percent in January compared to December which more than reversed gains that were posted in the final two months of Canada s largest urban housing markets contributed to the decline in new listings, including the Lower Mainland of British Columbia, Calgary, Edmonton, the GTA, Hamilton-Burlington, Ottawa and Montreal. The national sales-to-new listings ratio rose to 59.2 percent in January due to the drop in the new supply of listings, January's reading was the ratio's highest since November A sales-to-new listings ratio between 40 and 60 percent is generally consistent with balanced housing market conditions, with readings below and above this range indicating buyers and sellers markets respectively. The ratio was within this range in about 45 percent of all local housing markets in January. A little over one-third of all local housing markets recorded a ratio above 60 percent; as in recent months, virtually all these housing markets are located in British Columbia and Ontario. Chart B The number of months of inventory is another important measure of the balance between housing supply and demand. It represents the number of months it would take to completely liquidate current inventories at the current rate of sales activity. There were 5.3 months of inventory on a national basis at the end of January 2016, down from 5.4 months at the end of last year and the lowest level in nearly six * Data table available to media upon request, for purposes of reprinting only. years. The national figure is being pulled lower by increasingly tighter housing markets in B.C. and Ontario. This is particularly true in the Lower Mainland of British Columbia, the GTA and Hamilton-Burlington, where months of inventory are currently sitting at or below two months. The Aggregate Composite MLS HPI rose by 7.73 percent on a basis in January the largest gain in more than five years. Year-over-year price growth accelerated for two-storey single family homes and apartment units. (Chart B) The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 2

3 Two-storey single family homes continue to post the biggest price gains (+9.97 percent), followed by one-storey single family homes (+6.86 percent), townhouse/row units (+6.46 percent) and apartment units (+5.16 percent). Year-over-year price growth continued to range widely among housing markets tracked by the index. Greater Vancouver ( percent) and the Fraser Valley ( percent) posted the largest gains, followed by Greater Toronto ( percent). Home prices in Victoria posted a gain of just over seven percent while Vancouver Island home prices rose by five-and-a-half percent. By contrast, home prices retreated by about three percent on a basis in Calgary, by about two percent in Saskatoon, and by less than one percent in Regina. While home prices have begun to decline in Calgary and Saskatoon only fairly recently, they have been trending lower in Regina since early Prices crept higher on a basis in Ottawa (+1.10 percent), rose modestly in Greater Montreal (+1.48 percent) and strengthened further in Greater Moncton (+6.57 percent). (Table 1) The MLS Home Price Index (MLS HPI) provides a better gauge of price trends than is possible using averages because it is not affected by s in the mix of sales activity the way that average price is. The actual (not seasonally adjusted) national average price for homes sold in January 2016 was $470,297, up 17.0 percent on a basis. The national average price continues to be pulled upward by sales activity in Greater Vancouver and Greater Toronto, which are among Canada s most active and expensive housing markets. If these two housing markets are excluded from calculations, the average is a more modest $338,392 and the gain is reduced to eight percent. Even then, the gain reflects a tug of war between strong average price gains in housing markets around the GTA and the Lower Mainland of British Columbia versus flat or declining average prices elsewhere in Canada. If British Columbia and Ontario are excluded from calculations, the average price slips even lower to $286,911, representing small a decline of 0.3 percent. The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 3

4 Table 1 Composite HPI: January 2016 MLS Home Price Index Benchmark Price 1 month ago 3 months ago Percentage Change vs. 6 months ago 12 months ago 3 years ago 5 years ago Aggregate $512, Lower Mainland $681, Greater Vancouver $775, Fraser Valley $505, Vancouver Island $318, Victoria $458, Calgary $444, Regina $281, Saskatoon $303, Greater Toronto $578, Ottawa $328, Greater Montreal $302, Greater Moncton $159, Interactive tables and charts for MLS Home Price Index data on Composite, Single family homes (including separate indices for one- and two-storey homes), Townhouse/row units, and Apartment units are available at Data table available to media upon request, for purposes of reprinting only. PLEASE NOTE: The information contained in this news release combines both major market and national sales information from MLS Systems from the previous month CREA cautions that average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods or account for price differential between geographic areas. Statistical information contained in this report includes all housing types. MLS Systems are co-operative marketing systems used only by Canada s real estate Boards to ensure maximum exposure of properties listed for sale. The Canadian Real Estate Association (CREA) is one of Canada s largest single-industry trade associations, representing more than 109,000 REALTORS working through some 90 real estate Boards and Associations. Further information can be found at For more information, please contact: Pierre Leduc, Media Relations The Canadian Real Estate Association Tel.: or The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 4

5 National Charts Chart 1 Chart 2 Chart 3 Chart 4 Chart 5 Chart 6 The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 5

6 MLS Home Price Index The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 6

7 The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 7

8 MLS Home Price Index The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 8

9 The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 9

10 Dollar Volume over MLS Systems of Select Canadian Real Estate Boards & Associations January 2016 Dollar Volume* s.a. 2 nsa 3 s.a. 2 nsa 3 Fraser Valley 1, , , , Greater Vancouver 4, , , , , , , , Victoria Calgary Edmonton Regina Saskatoon Winnipeg Hamilton-Burlington Kitchener-Waterloo London and St Thomas Niagara Region Ottawa Sudbury Thunder Bay Greater Toronto 5, , , , , , , , Windsor-Essex Trois Rivières CMA Montreal CMA 1, , , , Gatineau CMA Quebec CMA Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth Newfoundland & Labrador Canada 21, , , , , , , , * in millions of dollars Detailed data for the Toronto Real Estate Board (TREB) market area can be found at 1 Total = + Non-residential 2 Seasonally adjusted 3 Not seasonally adjusted Note: Due to revisions to geographical coverage, statistics for the Kitchener-Waterloo region from 2000 forward are not directly comparable with its statistics for previous years. Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years. Note: Due to a in data collection methodology, s.a. and nsa data for Kitchener Waterloo and Halifax Dartmouth (and some other markets not included in the above table) have been revised back to January The interplay of local and provincial data influences in the seasonal adjustment process also necessitated revision back to January 2001 for all s.a. data for local markets in the province of Ontario. Source: The Canadian Real Estate Association

11 Sales Activity over MLS Systems of Select Canadian Real Estate Boards & Associations January 2016 Sales Activity s.a. 2 nsa 3 s.a. 2 nsa 3 Fraser Valley 2,317 2, , ,238 2, , Greater Vancouver 4,393 4, ,626 2, ,335 4, ,574 1, Victoria Calgary 1,803 1, ,049 1, ,699 1, ,002 1, Edmonton 1,496 1, ,318 1, Regina Saskatoon Winnipeg 1,145 1, ,071 1, Hamilton-Burlington 1,338 1, ,277 1, Kitchener-Waterloo London and St Thomas Niagara Region Ottawa 1,268 1, ,231 1, Sudbury Thunder Bay Greater Toronto 8,835 8, ,672 4, ,936 8, ,672 4, Windsor-Essex Trois Rivières CMA Montreal CMA 3,472 3, ,245 2, ,345 3, ,153 1, Gatineau CMA Quebec CMA Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth Newfoundland & Labrador Canada 46,622 46, ,762 24, ,916 43, ,901 23, Detailed data for the Toronto Real Estate Board (TREB) market area can be found at 1 Total = + Non-residential 2 Seasonally adjusted 3 Not seasonally adjusted Note: Due to revisions to geographical coverage, statistics for the Kitchener-Waterloo region from 2000 forward are not directly comparable with its statistics for previous years. Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years. Note: Due to a in data collection methodology, s.a. and nsa data for Kitchener Waterloo and Halifax Dartmouth (and some other markets not included in the above table) have been revised back to January The interplay of local and provincial data influences in the seasonal adjustment process also necessitated revision back to January 2001 for all s.a. data for local markets in the province of Ontario. Source: The Canadian Real Estate Association

12 New Listings over MLS Systems of Select Canadian Real Estate Boards & Associations January 2016 New Listings s.a. 2 nsa 3 s.a. 2 nsa 3 Fraser Valley 2,577 2, ,510 2, ,317 2, ,266 2, Greater Vancouver 5,035 5, ,782 5, ,750 5, ,570 4, Victoria 1,042 1, , Calgary 4,218 4, ,854 4, ,833 4, ,496 4, Edmonton 3,672 3, ,079 3, ,193 3, ,667 2, Regina Saskatoon 1,224 1, , ,147 1, , Winnipeg 2,144 2, ,519 1, ,935 1, ,333 1, Hamilton-Burlington 1,602 1, ,249 1, ,452 1, ,111 1, Kitchener-Waterloo , London and St Thomas 1,608 1, ,313 1, ,367 1, ,091 1, Niagara Region Ottawa 2,710 2, ,974 2, ,598 2, ,869 2, Sudbury Thunder Bay Greater Toronto 13,196 13, ,957 9, ,201 13, ,957 9, Windsor-Essex Trois Rivières CMA Montreal CMA 6,855 7, ,986 8, ,448 6, ,627 7, Gatineau CMA Quebec CMA 1,329 1, ,464 1, ,197 1, ,349 1, Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth , Newfoundland & Labrador 1,204 1, ,096 1, Canada 83,664 87, ,769 77, ,168 78, ,011 68, Detailed data for the Toronto Real Estate Board (TREB) market area can be found at 1 Total = + Non-residential 2 Seasonally adjusted 3 Not seasonally adjusted Note: Due to revisions to geographical coverage, statistics for the Kitchener-Waterloo region from 2000 forward are not directly comparable with its statistics for previous years. Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years. Note: Due to a in data collection methodology, s.a. and nsa data for Kitchener Waterloo and Halifax Dartmouth (and some other markets not included in the above table) have been revised back to January The interplay of local and provincial data influences in the seasonal adjustment process also necessitated revision back to January 2001 for all s.a. data for local markets in the province of Ontario. Source: The Canadian Real Estate Association

13 Average Sale Price over MLS Systems of Select Canadian Real Estate Boards & Associations January 2016 Average Price* s.a. 2 nsa 3 s.a. 2 nsa 3 Fraser Valley 679, , , , , , , , Greater Vancouver 1,052,613 1,004, ,078, , ,056,934 1,008, ,083, , Victoria 527, , , , , , , , Calgary 455, , , , , , , , Edmonton 348, , , , , , , , Regina 347, , , , , , , , Saskatoon 362, , , , , , , , Winnipeg 270, , , , , , , , Hamilton-Burlington 456, , , , , , , , Kitchener-Waterloo 322, , , , , , , , London and St Thomas 289, , , , , , , , Niagara Region 260, , , , , , , , Ottawa 361, , , , , , , , Sudbury 228, , , , , , , , Thunder Bay 195, , , , , , , , Greater Toronto 655, , , , , , , , Windsor-Essex 225, , , , , , , , Trois Rivières CMA 166, , n/a n/a - 162, , , , Montreal CMA 367, , n/a n/a - 347, , , , Gatineau CMA 247, , n/a n/a - 246, , , , Quebec CMA 251, , n/a n/a - 249, , , , Saguenay CMA 179, , n/a n/a - 183, , , , Sherbrooke CMA 241, , n/a n/a - 231, , , , Saint John 156, , , , , , , , Halifax-Dartmouth 266, , , , , , , , Newfoundland & Labrador 247, , , , , , , , Canada 470, , , , , , , , * Weighted residential average prices for Quebec (provided by Québec Federation of Real Estate Boards); does not affect weighted and unweighted national average price calculations. Information on Quebec's weighted average price calculation can be found at: Detailed data for the Toronto Real Estate Board (TREB) market area can be found at 1 Total = + Non-residential 2 Seasonally adjusted 3 Not seasonally adjusted Note: Due to revisions to geographical coverage, statistics for the Kitchener-Waterloo region from 2000 forward are not directly comparable with its statistics for previous years. Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years. Note: Due to a in data collection methodology, s.a. and nsa data for Kitchener Waterloo and Halifax Dartmouth (and some other markets not included in the above table) have been revised back to January The interplay of local and provincial data influences in the seasonal adjustment process also necessitated revision back to January 2001 for all s.a. data for local markets in the province of Ontario. Source: The Canadian Real Estate Association

14 Sales as a Percentage of New Listings over MLS Systems of Select Canadian Real Estate Boards & Associations January 2016 Sales as a Percentage of New Listings* s.a. 2 nsa 3 s.a. 2 nsa 3 Fraser Valley Greater Vancouver Victoria Calgary Edmonton Regina Saskatoon Winnipeg Hamilton-Burlington Kitchener-Waterloo London and St Thomas Niagara Region Ottawa Sudbury Thunder Bay Greater Toronto Windsor-Essex Trois Rivières CMA Montreal CMA Gatineau CMA Quebec CMA Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth Newfoundland & Labrador Canada *Actual (not seasonally adjusted) data for sales-to-new listings ratios are based on a 12-month moving average Detailed data for the Toronto Real Estate Board (TREB) market area can be found at 1 Total = + Non-residential 2 Seasonally adjusted 3 Not seasonally adjusted Note: Due to revisions to geographical coverage, statistics for the Kitchener-Waterloo region from 2000 forward are not directly comparable with its statistics for previous years. Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years. Note: Due to a in data collection methodology, s.a. and nsa data for Kitchener Waterloo and Halifax Dartmouth (and some other markets not included in the above table) have been revised back to January The interplay of local and provincial data influences in the seasonal adjustment process also necessitated revision back to January 2001 for all s.a. data for local markets in the province of Ontario. Source: The Canadian Real Estate Association

15 Dollar Volume & Sales Activity over MLS Systems of Canadian Real Estate Boards & Associations January 2016 s.a. 2 nsa 3 s.a. 2 nsa 3 Dollar Volume* British Columbia 7, , , , , , , , Alberta 1, , , , , , Saskatchewan Manitoba Ontario 9, , , , , , , , Quebec 1, , , , , , , New Brunswick Nova Scotia Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada 21, , , , , , , , Sales Activity s.a. 2 nsa 3 s.a. 2 nsa 3 British Columbia 10,599 10, ,218 4, ,041 9, ,831 4, Alberta 4,425 4, ,458 2, ,040 4, ,277 2, Saskatchewan 1,103 1, ,043 1, Manitoba 1,307 1, ,211 1, Ontario 20,225 20, ,103 10, ,222 19, ,323 9, Quebec 6,881 6, ,568 4, ,465 6, ,281 3, New Brunswick Nova Scotia Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada 46,622 46, ,762 24, ,916 43, ,901 23, * in millions of dollars 1 Total = + Non-residential 2 Seasonally adjusted 3 Not seasonally adjusted Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years. Note: Due to a in data collection methodology, s.a. and nsa data for some local markets in Ontario and all local markets in Nova Scotia have been revised back to January The interplay of local and provincial data influences in the seasonal adjustment process also necessitated revision back to January 2001 for all s.a. data for local markets in the province of Ontario. Source: The Canadian Real Estate Association

16 New Listings and Average Sale Price over MLS Systems of Canadian Real Estate Boards & Associations January 2016 s.a. 2 nsa 3 s.a. 2 nsa 3 New Listings British Columbia 14,096 14, ,752 13, ,185 13, ,052 12, Alberta 11,025 11, ,766 10, ,762 10, ,559 9, Saskatchewan 2,868 2, ,188 2, ,643 2, ,996 2, Manitoba 2,537 2, ,869 1, ,297 2, ,637 1, Ontario 32,558 34, ,303 27, ,494 30, ,405 23, Quebec 14,977 15, ,990 16, ,355 14, ,634 15, New Brunswick 1,683 1, ,557 1, ,309 1, ,157 1, Nova Scotia 2,077 2, ,728 1, ,688 1, ,355 1, Prince Edward Island Newfoundland & Labrador 1,204 1, ,096 1, Northwest Territories Yukon Canada 83,664 87, ,769 77, ,168 78, ,011 68, s.a. 2 nsa 3 s.a. 2 nsa 3 Average Price* British Columbia 727, , , , , , , , Alberta 387, , , , , , , , Saskatchewan 307, , , , , , , , Manitoba 262, , , , , , , , Ontario 469, , , , , , , , Quebec 282, , n/a n/a - 278, , , , New Brunswick 150, , , , , , , , Nova Scotia 205, , , , , , , , Prince Edward Island 174, , , , , , , , Newfoundland & Labrador 247, , , , , , , , Northwest Territories 343, , , , , , , , Yukon 327, , , , , , , , Canada 470, , , , , , , , * Provincial weighted residential average price for Quebec (provided by Québec Federation of Real Estate Boards); does not affect weighted and unweighted national average price calculations. Information on Quebec's weighted average price calculation can be found at: 1 Total = + Non-residential 2 Seasonally adjusted 3 Not seasonally adjusted Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years. Note: Due to a in data collection methodology, s.a. and nsa data for some local markets in Ontario and all local markets in Nova Scotia have been revised back to January The interplay of local and provincial data influences in the seasonal adjustment process also necessitated revision back to January 2001 for all s.a. data for local markets in the province of Ontario. Source: The Canadian Real Estate Association

17 Months of Inventory and Sales as a Percentage of New Listings over MLS Systems of Canadian Real Estate Boards & Associations January 2016 Sales as a Percentage of New Listings* s.a. 2 nsa 3 s.a. 2 nsa 3 British Columbia Alberta Saskatchewan Manitoba Ontario Quebec New Brunswick Nova Scotia Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada Months of Inventory* s.a. 2 nsa 3 s.a. 2 nsa 3 British Columbia Alberta Saskatchewan Manitoba Ontario Quebec New Brunswick Nova Scotia Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada *Actual (not seasonally adjusted) data for sales to new listings ratios and months of inventory are based on a 12 month moving average 1 Total = + Non-residential 2 Seasonally adjusted 3 Not seasonally adjusted Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years. Note: Due to a in data collection methodology, s.a. and nsa data for some local markets in Ontario and all local markets in Nova Scotia have been revised back to January The interplay of local and provincial data influences in the seasonal adjustment process also necessitated revision back to January 2001 for all s.a. data for local markets in the province of Ontario. Source: The Canadian Real Estate Association

The Canadian Real Estate Association News Release

The Canadian Real Estate Association News Release The Canadian Real Estate Association News Release Canadian home sales push higher in February Ottawa, ON, March 15, 2016 According to statistics 1 released today by The Canadian Real Estate Association

More information

News Release. Canadian home sales edge up in February Ottawa, ON, March 13, The Canadian Real Estate Association

News Release. Canadian home sales edge up in February Ottawa, ON, March 13, The Canadian Real Estate Association The Canadian Real Estate Association News Release Canadian home sales edge up in February Ottawa, ON, March 13, 2015 According to statistics 1 released today by The Canadian Real Estate Association (CREA),

More information

News Release. Canadian home sales ease back in September Ottawa, ON, October 15, The Canadian Real Estate Association

News Release. Canadian home sales ease back in September Ottawa, ON, October 15, The Canadian Real Estate Association The Canadian Real Estate Association News Release Canadian home sales ease back in September Ottawa, ON, October 15, 2014 According to statistics 1 released today by The Canadian Real Estate Association

More information

The Canadian Real Estate Association News Release

The Canadian Real Estate Association News Release The Canadian Real Estate Association News Release Canadian home sales edge up in September Ottawa, ON, October 14, 2016 According to statistics 1 released today by The Canadian Real Estate Association

More information

The Canadian Real Estate Association News Release

The Canadian Real Estate Association News Release The Canadian Real Estate Association News Release Canadian home sales activity softens further in November Ottawa, ON, December 17, 2018 Statistics 1 released today by the Canadian Real Estate Association

More information

News Release. Canadian home sales little changed in November Ottawa, ON, December 16, The Canadian Real Estate Association

News Release. Canadian home sales little changed in November Ottawa, ON, December 16, The Canadian Real Estate Association The Canadian Real Estate Association News Release Canadian home sales little d in November Ottawa, ON, December 16, 2013 According to statistics 1 released today by The Canadian Real Estate Association

More information

The Canadian Real Estate Association News Release

The Canadian Real Estate Association News Release The Canadian Real Estate Association News Release Canadian home sales activity strengthens in July Ottawa, ON, August 15, 2018 Statistics 1 released today by The Canadian Real Estate Association (CREA)

More information

The Canadian Real Estate Association News Release

The Canadian Real Estate Association News Release The Canadian Real Estate Association News Release Canadian home sales edge down from December to January Ottawa, ON, February 15, 2017 According to statistics 1 released today by The Canadian Real Estate

More information

The Canadian Real Estate Association News Release

The Canadian Real Estate Association News Release The Canadian Real Estate Association News Release Canadian home sales activity eases in October Ottawa, ON, November 15, 2018 Statistics 1 released today by the Canadian Real Estate Association (CREA)

More information

The Canadian Real Estate Association News Release

The Canadian Real Estate Association News Release The Canadian Real Estate Association News Release Canadian home sales improve slightly in March Ottawa, ON, April 13, 2018 Statistics 1 released today by The Canadian Real Estate Association (CREA) show

More information

The Canadian Real Estate Association News Release

The Canadian Real Estate Association News Release The Canadian Real Estate Association News Release Canadian home sales fall further in February Ottawa, ON, March 15, 2018 Statistics 1 released today by The Canadian Real Estate Association (CREA) show

More information

The Canadian Real Estate Association News Release

The Canadian Real Estate Association News Release The Canadian Real Estate Association News Release Canadian home sales drop again in June Ottawa, ON, July 17, 2017 According to statistics 1 released today by The Canadian Real Estate Association (CREA),

More information

The Canadian Real Estate Association News Release

The Canadian Real Estate Association News Release The Canadian Real Estate Association News Release Canadian home sales activity edges lower in September Ottawa, ON, October 15, 2018 Statistics 1 released today by The Canadian Real Estate Association

More information

The Canadian Real Estate Association News Release

The Canadian Real Estate Association News Release The Canadian Real Estate Association News Release Canadian home sales fall further in July Ottawa, ON, August 15, 2017 According to statistics 1 released today by The Canadian Real Estate Association (CREA),

More information

News Release. Canadian home sales fall back in October Ottawa, ON, November 15, The Canadian Real Estate Association

News Release. Canadian home sales fall back in October Ottawa, ON, November 15, The Canadian Real Estate Association The Canadian Real Estate Association News Release Canadian home sales fall back in October Ottawa, ON, November 15, 2013 According to statistics 1 released today by The Canadian Real Estate Association

More information

The Canadian Real Estate Association News Release

The Canadian Real Estate Association News Release The Canadian Real Estate Association News Release Canadian home sales surge in December Ottawa, ON, January 15, 2018 Statistics 1 released today by The Canadian Real Estate Association (CREA), show national

More information

News Release. Canadian home sales moderate further in January Ottawa, ON, February 14, The Canadian Real Estate Association

News Release. Canadian home sales moderate further in January Ottawa, ON, February 14, The Canadian Real Estate Association Canadian home sales moderate further in January Ottawa, ON, February 14, 2014 According to statistics 1 released today by The Canadian Real Estate Association (CREA), national home sales activity posted

More information

The Canadian Real Estate Association News Release

The Canadian Real Estate Association News Release The Canadian Real Estate Association News Release Canadian home sales fall in April Ottawa, ON, May 15, 2018 Statistics 1 released today by The Canadian Real Estate Association (CREA) show national home

More information

The Canadian Real Estate Association News Release

The Canadian Real Estate Association News Release The Canadian Real Estate Association News Release Canadian home sales at five-year low in May Ottawa, ON, June 15, 2018 Statistics 1 released today by The Canadian Real Estate Association (CREA) show national

More information

The Canadian Real Estate Association News Release

The Canadian Real Estate Association News Release The Canadian Real Estate Association News Release Canadian home sales drop in January Ottawa, ON, February 15, 2018 Statistics 1 released today by The Canadian Real Estate Association (CREA) show national

More information

The Canadian Real Estate Association News Release

The Canadian Real Estate Association News Release The Canadian Real Estate Association News Release Canadian home sales post solid gain in November Ottawa, ON, December 14, 2017 According to statistics 1 released today by The Canadian Real Estate Association

More information

The Canadian Real Estate Association News Release

The Canadian Real Estate Association News Release The Canadian Real Estate Association News Release Canadian home sales push higher in February Ottawa, ON, March 15, 2016 According to statistics 1 released today by The Canadian Real Estate Association

More information

The Canadian Real Estate Association News Release

The Canadian Real Estate Association News Release According to statistics 1 released today by The Canadian Real Estate Association (CREA), national home sales posted their third monthly increase and broke all previous monthly records. Highlights: The

More information

News Release. Canadian home sales slip further in January Ottawa, ON, February 17, The Canadian Real Estate Association

News Release. Canadian home sales slip further in January Ottawa, ON, February 17, The Canadian Real Estate Association Canadian home sales slip further in January Ottawa, ON, February 17, 2015 According to statistics 1 released today by The Canadian Real Estate Association (CREA), national home sales activity was down

More information

The Canadian Real Estate Association News Release

The Canadian Real Estate Association News Release The Canadian Real Estate Association News Release Canadian home sales edge down from December to January Ottawa, ON, February 15, 2017 According to statistics 1 released today by The Canadian Real Estate

More information

News Release. Canadian home sales up in May Ottawa, ON, June 16, The Canadian Real Estate Association

News Release. Canadian home sales up in May Ottawa, ON, June 16, The Canadian Real Estate Association Canadian home sales up in May Ottawa, ON, June 16, 2014 According to statistics 1 released today by The Canadian Real Estate Association (CREA), national home sales activity posted a sizeable month-over-month

More information

CREA Updates and Extends Resale Housing Market Forecast Ottawa, ON, March 15, 2017

CREA Updates and Extends Resale Housing Market Forecast Ottawa, ON, March 15, 2017 CREA Updates and Extends Resale Housing Market Ottawa, ON, March 15, 2017 The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service (MLS

More information

CREA Updates Resale Housing Forecast Ottawa, ON, September 15, 2015

CREA Updates Resale Housing Forecast Ottawa, ON, September 15, 2015 CREA Updates Resale Housing Ottawa, ON, September 15, 2015 The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service (MLS ) Systems of

More information

Core Housing Need. Data from the 2006 Census. Presentation to the NHRC Working Group on Housing Data

Core Housing Need. Data from the 2006 Census. Presentation to the NHRC Working Group on Housing Data Core Housing Need Data from the 2006 Census Presentation to the NHRC Working Group on Housing Data Roger Lewis Policy and Research Division Canada Mortgage and Housing Corporation May 5, 2009 Introduction

More information

HOUSING NOW Canada. Highlights SUBSCRIBE NOW! Table of Contents. Housing market intelligence you can count on

HOUSING NOW Canada. Highlights SUBSCRIBE NOW! Table of Contents. Housing market intelligence you can count on Housing Market Information HOUSING NOW Canada Date Released: April 2015 Highlights Housing starts were trending 1 at 179,016 units in March compared to 180,236 in February. The stand-alone monthly SAAR

More information

RESEARCH HIGHLIGHT Census/National Housing Survey Housing Condition Series Issue 4: The Private Housing Stock,

RESEARCH HIGHLIGHT Census/National Housing Survey Housing Condition Series Issue 4: The Private Housing Stock, RESEARCH HIGHLIGHT 2011 Census/National Housing Survey Housing Condition Series Issue 4: The Private Housing Stock, 2006-2011 November 2015 Socio-economic Series 1. INTRODUCTION Using data from the Census

More information

Hamilton CMA apartment vacancy rate rises in 2002

Hamilton CMA apartment vacancy rate rises in 2002 HamiltonCMA Canada Mortgage and Housing Corporation apartment vacancy rate rises in 2002 In 2002, the private apartment vacancy rate in the Hamilton Census Metropolitan (CMA) rose to 1.6 percent from 1.3

More information

Phone: Fax: Commissioners Road, W. London, Ontario N6J 1Y3 STATISTICAL REPORT. (for month ending April 30, 2014)

Phone: Fax: Commissioners Road, W. London, Ontario N6J 1Y3 STATISTICAL REPORT. (for month ending April 30, 2014) Phone: 519-641-1400 Fax: 519-641-1419 342 Commissioners Road, W. London, Ontario N6J 1Y3 STATISTICAL REPORT (for month ending April 30, 2014) Table of Contents News Release for April 2014 3 Market Report

More information

canadian housing at a glance

canadian housing at a glance Canadian Housing Observer IMMIGR ATION IS STRONGLY LINKED TO POPULATION GROWTH POPULATION GROWTH IS A MAJOR DRIVER OF HOUSEHOLD GROWTH Natural increase and net migration (thousands) Average yearly growth

More information

R esearch Highlights LEVIES, FEES, CHARGES AND TAXES ON NEW HOUSING (2002) Introduction. Municipal Levies, Fees and Charges

R esearch Highlights LEVIES, FEES, CHARGES AND TAXES ON NEW HOUSING (2002) Introduction. Municipal Levies, Fees and Charges R esearch Highlights December 2002 Socio-economic Series 115 LEVIES, FEES, CHARGES AND TAXES ON NEW HOUSING (2002) Introduction Government-imposed costs on new housing can be substantial. They have a direct

More information

HOUSING MARKET INSIGHT Canada

HOUSING MARKET INSIGHT Canada Housing Market Information HOUSING MARKET INSIGHT Canada Canada Mortgage and Housing Corpor ation Date Released: September 2016 Purpose-built rental apartment units in the lowest-rent quintile are older

More information

ental Market report Vacancy Rate Up Slightly Vacancy Rate Edges Higher in 2004 Charlottetown CA CHARLOTTETOWN Canada Mortgage and Housing Corporation

ental Market report Vacancy Rate Up Slightly Vacancy Rate Edges Higher in 2004 Charlottetown CA CHARLOTTETOWN Canada Mortgage and Housing Corporation 4.8% r ental Market report Vacancy Rate Up Slightly CHARLOTTETOWN Canada Mortgage and Housing Corporation Volume 6 Edition 1 October 2004 www.cmhc.ca Vacancy Rate Edges Higher in 2004 The vacancy rate

More information

Hamilton CMA apartment vacancy rate edges down in 2001

Hamilton CMA apartment vacancy rate edges down in 2001 HamiltonCMA Canada Mortgage and Housing Corporation apartment vacancy rate edges down in 2001 In 2001, the private apartment vacancy rate in the Hamilton Census Metropolitan (CMA) edged down to 1.3 percent

More information

2015 Spring Market trends report

2015 Spring Market trends report 2015 Spring Market trends Report National Summary Low inventory in Vancouver and Toronto continue to drive prices as buyers find themselves in competition over the low supply of single-family homes. The

More information

Monthly Statistics Package July 2016

Monthly Statistics Package July 2016 Vancouver Island Real Estate Board Monthly Statistics Package July 2016 FOR IMMEDIATE RELEASE August 2, 2016 Home Sales a Bit Cooler in July But Significantly Higher Than Last Year NANAIMO, BC Home sales

More information

ental Market report Apartment vacancy rate almost unchanged in 2004 St.Catharines-Niagara Vacancy rate falls in larger centers IN THIS ISSUE

ental Market report Apartment vacancy rate almost unchanged in 2004 St.Catharines-Niagara Vacancy rate falls in larger centers IN THIS ISSUE r ental Market report St.Catharines-Niagara Canada Mortgage and Housing Corporation Apartment vacancy rate almost unchanged in 2004 The vacancy rate in the St. Catharines-Niagara Census Metropolitan (CMA)

More information

Kitchener CMA. Vacancy rate edges higher Rental Submarkets Canada Mortgage and Housing Corporation IN THIS ISSUE

Kitchener CMA. Vacancy rate edges higher Rental Submarkets Canada Mortgage and Housing Corporation IN THIS ISSUE Canada Mortgage and Housing Corporation Vacancy rate edges higher In, the (census metropolitan area) rental market eased slightly as the private apartment vacancy rate edged higher to percent, up from

More information

RESEARCH HIGHLIGHT FINDINGS

RESEARCH HIGHLIGHT FINDINGS RESEARCH HIGHLIGHT 011 Census/National Household Survey Housing Series: Issue 11 The Rental Market in Canada: Estimated Size and Composition April 016 Socio-economic Series INTRODUCTION There are many

More information

Phone: Fax: Commissioners Road, W. London, Ontario N6J 1Y3 STATISTICAL REPORT. (for month ending June 30, 2012)

Phone: Fax: Commissioners Road, W. London, Ontario N6J 1Y3 STATISTICAL REPORT. (for month ending June 30, 2012) Phone: 519-641-1400 Fax: 519-641-4613 342 Commissioners Road, W. London, Ontario N6J 1Y3 STATISTICAL REPORT (for month ending June 30, 2012) Table of Contents News Release for June 2012 3 Market Report

More information

HOUSING TRENDS AND AFFORDABILITY

HOUSING TRENDS AND AFFORDABILITY HOUSING TRENDS AND AFFORDABILITY February 214 RBC Housing Affordability Measures - Canada Ownership costs as of household income 6 4 2 8 87 89 91 93 9 97 99 1 3 7 9 11 13 Craig Wright Chief Economist (416)

More information

HOUSING TRENDS AND AFFORDABILITY

HOUSING TRENDS AND AFFORDABILITY HOUSING TRENDS AND AFFORDABILITY August 214 RBC Housing Affordability Measures - Canada Ownership costs as of household income 6 4 2 86 88 9 92 94 96 98 2 4 6 8 1 12 14 Craig Wright Chief Economist (416)

More information

HOUSING TRENDS AND AFFORDABILITY

HOUSING TRENDS AND AFFORDABILITY HOUSING TRENDS AND AFFORDABILITY August 12 RBC Housing Affordability Measures - Canada 86 88 9 92 94 96 98 2 4 6 8 1 12 RBC Affordability Measure - bungalow of household income taken up by ownership costs

More information

Monthly Statistics Package November 2015

Monthly Statistics Package November 2015 Vancouver Island Real Estate Board Monthly Statistics Package November 2015 FOR IMMEDIATE RELEASE December 1, 2015 November Sales Activity Up Significantly From One Year Ago NANAIMO, BC November sales

More information

Monthly Statistics Package June 2015

Monthly Statistics Package June 2015 Vancouver Island Real Estate Board Monthly Statistics Package June 2015 FOR IMMEDIATE RELEASE July 2, 2015 Robust Housing Market Shows No Signs of Slowing Down NANAIMO, BC A robust provincial economy and

More information

ental market report CMHC s Fall survey of rental hous Average vacancy rate in ³ N regina 2002 IN THIS Regina slips from 2001 level ISSUE

ental market report CMHC s Fall survey of rental hous Average vacancy rate in ³ N regina 2002 IN THIS Regina slips from 2001 level ISSUE r ental market report Canada Mortgage and Housing Corporation Average vacancy rate in IN THIS Regina slips from 2001 level ISSUE Average vacancy rate slips... 1 CMHC s Fall survey of rental hous ing found

More information

MonthlyStatistics AUGUST 2018

MonthlyStatistics AUGUST 2018 MonthlyStatistics AUGUST 2018 FOR IMMEDIATE RELEASE September 4, 2018 Sales Bounce Back Slightly From July But Still Lower Than in 2017 NANAIMO, BC Sales of single-family homes in August were seven per

More information

Phone: Fax: Commissioners Road, W. London, Ontario N6J 1Y3 STATISTICAL REPORT. (for month ending January 31, 2015)

Phone: Fax: Commissioners Road, W. London, Ontario N6J 1Y3 STATISTICAL REPORT. (for month ending January 31, 2015) Phone: 519-641-1400 Fax: 519-641-1419 342 Commissioners Road, W. London, Ontario N6J 1Y3 STATISTICAL REPORT (for month ending January 31, 2015) Table of Contents News Release for January 2015 3 Market

More information

06 3.3% % % 0.8%

06 3.3% % % 0.8% H o u s i n g M a r k e t I n f o r m a t i o n RENTAL MARKET REPORT C a n a d a M o r t g a g e a n d H o u s i n g C o r p o r a t i o n Date Released: Fall 2012 Victoria Highlights The apartment vacancy

More information

Housing Bulletin Monthly Report

Housing Bulletin Monthly Report February 211 1 Housing Bulletin Monthly Report Alberta s preliminary housing starts declined in January 211 Canada Housing Starts 25, 2, 15, 1, 5, DEC 8 JAN 9 Preliminary Housing Starts in Alberta* and

More information

MonthlyStatistics DECEMBER 2017

MonthlyStatistics DECEMBER 2017 MonthlyStatistics DECEMBER 2017 FOR IMMEDIATE RELEASE January 2, 2018 VIREB Posts the Strongest December on Record NANAIMO, BC The Vancouver Island Real Estate Board (VIREB) reports that on a seasonally

More information

Phone: Fax: Commissioners Road, W. London, Ontario N6J 1Y3 STATISTICAL REPORT. (for month ending October 31, 2015)

Phone: Fax: Commissioners Road, W. London, Ontario N6J 1Y3 STATISTICAL REPORT. (for month ending October 31, 2015) Phone: 519-641-1400 Fax: 519-641-1419 342 Commissioners Road, W. London, Ontario N6J 1Y3 STATISTICAL REPORT (for month ending October 31, 2015) Table of Contents News Release for October 2015 3 Market

More information

HOUSING MARKET OUTLOOK REPORT

HOUSING MARKET OUTLOOK REPORT 2015 HOUSING MARKET OUTLOOK REPORT CANADIAN OVERVIEW Most regions posted modest gains in average residential sale price, despite increased inventory in many of Canada s housing markets. Residential property

More information

MonthlyStatistics MARCH 2017

MonthlyStatistics MARCH 2017 MonthlyStatistics MARCH 2017 FOR IMMEDIATE RELEASE April 3, 2017 Low Inventory Continues to Limit Vancouver Island Buyers NANAIMO, BC The Vancouver Island Real Estate Board (VIREB) reports that in March

More information

Spring Market trends

Spring Market trends 2016 Spring Market trends Report NATIONAL SUMMARY Vancouver and Toronto continued to see significant price appreciation in the first quarter of the year. Greater Vancouver s average residential sale price

More information

MonthlyStatistics MAY 2018

MonthlyStatistics MAY 2018 MonthlyStatistics MAY 2018 FOR IMMEDIATE RELEASE June 1, 2018 Single-Family Benchmark Price Surpasses $500,000 in May NANAIMO, BC The benchmark price of a single-family home in the VIREB area broke the

More information

HOUSING AFFORDABILITY. Housing affordability is forecast to improve in January 2008

HOUSING AFFORDABILITY. Housing affordability is forecast to improve in January 2008 HOUSING AFFORDABILITY January CHART 1 Affordability forecast - Canada 6 4 6 4 Housing affordability is forecast to improve in Although the result is heavily skewed by western Canada s housing costs, typical

More information

MonthlyStatistics JULY 2018

MonthlyStatistics JULY 2018 MonthlyStatistics JULY 2018 FOR IMMEDIATE RELEASE August 1, 2018 Prices Continue to Sizzle in Summer Housing Market NANAIMO, BC Prices of single-family homes, apartments, and townhouses continue to rise

More information

MonthlyStatistics AUGUST 2017

MonthlyStatistics AUGUST 2017 MonthlyStatistics AUGUST 2017 FOR IMMEDIATE RELEASE September 1, 2017 VIREB Housing Market Continues to Sizzle NANAIMO, BC The Vancouver Island Real Estate Board (VIREB) reports that single-family home

More information

Housing Bulletin Monthly Report

Housing Bulletin Monthly Report December 21 1 Housing Bulletin Monthly Report Alberta Housing Starts Fall in November 21 Canada Housing Starts 25 2 15 1 5 8 NOV 8 DEC 8 Preliminary Housing Starts in Alberta* and Canada* November 28 to

More information

Housing Bulletin Monthly Report

Housing Bulletin Monthly Report October 21 1 Housing Bulletin Monthly Report Housing Starts show Slight improvement in September CANADA Housing Starts 2, 15, 1, 5, Sep 8 Oct 8 Nov 8 Dec 8 Preliminary Housing Starts in Alberta and Canada

More information

MonthlyStatistics APRIL 2018

MonthlyStatistics APRIL 2018 MonthlyStatistics APRIL 2018 FOR IMMEDIATE RELEASE May 1, 2018 Sales Holding Steady Amid Rising House Prices NANAIMO, BC Sales of single-family homes in the VIREB area rose by 20 per cent month over month

More information

MonthlyStatistics OCTOBER 2018

MonthlyStatistics OCTOBER 2018 MonthlyStatistics OCTOBER 2018 FOR IMMEDIATE RELEASE November 1, 2018 Prices Continue Rising Despite Moderating Sales NANAIMO, BC Sales of single-family homes in October were 11 per cent higher than in

More information

HOUSING TRENDS AND AFFORDABILITY September 2010

HOUSING TRENDS AND AFFORDABILITY September 2010 HOUSING TRENDS AND AFFORDABILITY September 21 RBC Housing Affordability Measures - Canada of household income taken up by ownership costs 6 4 2 86 88 9 92 94 96 98 2 4 6 8 1 Affordability across provinces

More information

HOUSING TRENDS AND AFFORDABILITY. Market overview. Affordability improvement running out of steam? ECONOMICS I RESEARCH.

HOUSING TRENDS AND AFFORDABILITY. Market overview. Affordability improvement running out of steam? ECONOMICS I RESEARCH. ECONOMICS I RESEARCH 4 3 2 Affordability - Canada of household income taken up by ownership costs 6 Std. two-storey Std. townhouse Det. bungalow Std. condo 87 89 91 93 9 97 99 1 3 7 9 8.7 8. 7.2 6..7.

More information

MONTHLY STATISTICS PACKAGE

MONTHLY STATISTICS PACKAGE MONTHLY STATISTICS PACKAGE FEBRUARY 2019 FOR IMMEDIATE RELEASE March 1, 2019 Guideline B-20 Continues to Dampen Housing Sales NANAIMO, BC Sales of single-family homes in February board-wide dipped by 28

More information

It just keeps on getting less affordable to own a home in Canada. The share of income a household would need to cover ownership costs (in %) Edmonton

It just keeps on getting less affordable to own a home in Canada. The share of income a household would need to cover ownership costs (in %) Edmonton HOUSING TRENDS AND AFFORDABILITY DECEMBER 1 HOUSING TRENDS AND AFFORDABILITY MARCH 1 HOUSING TRENDS AND AFFORDABILITY December 1 It just keeps on getting less affordable to own a home in Canada No relief

More information

MonthlyStatistics FEBRUARY 2018

MonthlyStatistics FEBRUARY 2018 MonthlyStatistics FEBRUARY 2018 FOR IMMEDIATE RELEASE March 1, 2018 Buoyant Sellers Market Continues NANAIMO, BC Last month, 316 single-family homes sold on the Multiple Listing Service (MLS ) System compared

More information

MonthlyStatistics JANUARY 2018

MonthlyStatistics JANUARY 2018 MonthlyStatistics JANUARY 2018 FOR IMMEDIATE RELEASE February 1, 2018 Sales Return to Seasonal Norms in January NANAIMO, BC Coming off the busiest December on record, sales in the VIREB area returned to

More information

are making the jump to home ownership, keeping vacancy rates low. Rental housing starts have lagged behind growth in demand,

are making the jump to home ownership, keeping vacancy rates low. Rental housing starts have lagged behind growth in demand, Kelowna Highlights Canada Mortgage and Housing Corporation www.cmhc.ca Vacancy Rate Dips To Twelve Year Low October 24 Survey The Kelowna rental market has remained tight. The vacancy rate fell to only.%

More information

CANADA Eh! REAL ESTATE BUSINESS IN & WITH CANADA

CANADA Eh! REAL ESTATE BUSINESS IN & WITH CANADA CANADA Eh! REAL ESTATE BUSINESS IN & WITH CANADA October 10, 2018 10:00amCST Presenters: Brian Finley, Global Committee Member Buyer Agent Brian & Company Real Estate Edmonton, Alberta and Sharon von Schoenberg

More information

Vacancy Rate Edges Back Down

Vacancy Rate Edges Back Down Survey - Kelowna Canada Mortgage and Housing Corporation Vacancy Rate Edges Back Down Highlights The Kelowna area vacancy rate edged back down in. The vacancy rate fell to % from 1.8% last year. Fewer

More information

ECONOMICS I RESEARCH HOUSING TRENDS AND AFFORDABILITY. Market overview. Affordability erodes again in the first quarter of 2010.

ECONOMICS I RESEARCH HOUSING TRENDS AND AFFORDABILITY. Market overview. Affordability erodes again in the first quarter of 2010. ECONOMICS I RESEARCH 4 3 2 1 Affordability - Canada of household income taken up by ownership costs 6 Std. two-storey Std. townhouse Det. bungalow Std. condo 86 88 9 92 94 96 98 2 4 6 8 1 Source: Statistics

More information

HOUSING TRENDS AND AFFORDABILITY

HOUSING TRENDS AND AFFORDABILITY HOUSING TRENDS AND AFFORDABILITY February 213 RBC Housing Affordability Measures - Canada Ownership costs as of household income 6 4 2 86 88 9 92 94 96 98 2 4 6 8 1 12 Housing affordability improved slightly

More information

MonthlyStatistics OCTOBER 2017

MonthlyStatistics OCTOBER 2017 MonthlyStatistics OCTOBER 2017 FOR IMMEDIATE RELEASE November 1, 2017 Buyer Demand and Low Inventory Driving Brisk Housing Market NANAIMO, BC The Vancouver Island Real Estate Board (VIREB) reports that

More information

In Dec 15, 2016 the BC Government announced the launch of their

In Dec 15, 2016 the BC Government announced the launch of their January 2017 Happy New Year and welcome to the January issue of the Real Estate Journal, which is designed to help keep you in the know regarding Real Estate and Mortgage related matters! This month s

More information

HOUSING OBSERVER Digest

HOUSING OBSERVER Digest HOUSING OBSERVER 2015 Digest CMHC provides funding for housing content on the Census of Canada and on Statistics Canada surveys. Statistics Canada information is used with the permission of Statistics

More information

GOVERNMENT. Case Study Ville de Trois Rivières streamlines property assessment

GOVERNMENT. Case Study Ville de Trois Rivières streamlines property assessment GOVERNMENT Case Study Ville de Trois Rivières streamlines property assessment GIS-generated parcel basemap provides powerful visualization & analysis capabilities With a population of just over 130,000,

More information

GLOBAL ECONOMICS GLOBAL REAL ESTATE TRENDS

GLOBAL ECONOMICS GLOBAL REAL ESTATE TRENDS November, 17 Growing Canada s Rental Market Part CONTACTS Rental housing demand is growing in all regions of the country. In addition to affordability considerations, demographic trends including millennials

More information

Rental Market Report Calgary CMA

Rental Market Report Calgary CMA 76 G HWAY 772 Housing Market Information Rental Market Report Canada Mortgage and Housing Corporation Release Date: 2007 Highlights Apartment vacancy rate in the rose one percentage point, from 0.5 per

More information

HOUSING TRENDS AND AFFORDABILITY

HOUSING TRENDS AND AFFORDABILITY HOUSING TRENDS AND AFFORDABILITY November 13 RBC Housing Affordability Measures - Canada Ownership costs as of household income 6 4 8 87 89 91 93 9 97 99 1 3 7 9 11 13 Craig Wright Chief Economist (416)

More information

MonthlyStatistics NOVEMBER 2017

MonthlyStatistics NOVEMBER 2017 MonthlyStatistics NOVEMBER 2017 FOR IMMEDIATE RELEASE December 1, 2017 Lack of Inventory Continues to Drive Housing Market NANAIMO, BC The Vancouver Island Real Estate Board (VIREB) reports that single-family

More information

Higher interest rates take a bite out of affordability in the first quarter

Higher interest rates take a bite out of affordability in the first quarter HOUSING TRENDS AND AFFORDABILITY JULY 18 HOUSING TRENDS AND AFFORDABILITY MARCH 18 HOUSING TRENDS AND AFFORDABILITY July 18 Higher interest rates take a bite out of affordability in the first quarter Short-lived

More information

HOUSING TRENDS AND AFFORDABILITY

HOUSING TRENDS AND AFFORDABILITY HOUSING TRENDS AND AFFORDABILITY February 1 - Canada Ownership costs as of median household income - major markets Ownership costs as of median household income Canada Victoria Vancouver Calgary Edmonton

More information

INDEXING THE GST NEW HOUSING REBATE: THE MOST URGENT ISSUE FOR THE FEDERAL BUDGET

INDEXING THE GST NEW HOUSING REBATE: THE MOST URGENT ISSUE FOR THE FEDERAL BUDGET INDEXING THE GST NEW HOUSING REBATE: THE MOST URGENT ISSUE FOR THE FEDERAL BUDGET Canadian Home Builders Association Pre-Budget Submission August 2008 Summary The most urgent issue for the Canadian Home

More information

HOUSING AFFORDABILITY. Alberta on watch. March 2008

HOUSING AFFORDABILITY. Alberta on watch. March 2008 HOUSING AFFORDABILITY March 4 3 Affordability forecast - Canada 1 9 92 94 2 4 4 3 1 Alberta on watch Nationwide housing affordability deteriorated in every consecutive quarter throughout 7 to end up at

More information

ASSOCIATION OF REGINA REALTORS INC.

ASSOCIATION OF REGINA REALTORS INC. ASSOCIATION OF REGINA REALTORS INC. 1854 McIntyre Street Regina, Sask. S4P P9 Ph: 791-7 Fax: 781-794 www.reginarealtors.com For immediate release November 5, OCTOBER RESIDENTIAL SALES YIELD MIXED RESULTS

More information

Kelowna Vacancy Rate Edges Up

Kelowna Vacancy Rate Edges Up Survey - Kelowna Canada Mortgage and Housing Corporation Kelowna Vacancy Rate Edges Up Highlights The Kelowna area saw vacancy rates edge back up in. The vacancy rate rose to 1.8 per cent by October from

More information

MonthlyStatistics MARCH 2018

MonthlyStatistics MARCH 2018 MonthlyStatistics MARCH 2018 FOR IMMEDIATE RELEASE April 3, 2018 Sales Down From 2017 But Prices Still Rising Due to Limited Inventory NANAIMO, BC Sales of single-family homes, apartments, and townhouses

More information

2015 Spring Market trends report

2015 Spring Market trends report Spring Market trends Report Table of contents 3 National Summary 4 British Columbia 4 Victoria 6 Greater Vancouver Area 8 Kelowna 10 Alberta 10 Calgary 12 Edmonton 14 Saskatchewan 14 Saskatoon 16 Regina

More information

Phone: Fax: Commissioners Road, W. London, Ontario N6J 1Y3 STATISTICAL REPORT. (for month ending July 31, 2017)

Phone: Fax: Commissioners Road, W. London, Ontario N6J 1Y3 STATISTICAL REPORT. (for month ending July 31, 2017) Phone: 519-641-1400 Fax: 519-641-1419 342 Commissioners Road, W. London, Ontario N6J 1Y3 STATISTICAL REPORT (for month ending July 31, 2017) Table of Contents News Release for July 2017 3 Market Report

More information

REGIONAL HOUSING REPORT

REGIONAL HOUSING REPORT REGIONAL HOUSING REPORT TD Economics CANADIAN REGIONAL HOUSING OUTLOOK: THE POWER OF LOW INTEREST RATES Highlights With housing markets from coast-to-coast continuing to beat expectations, TD Economics

More information

Source:RPS, Royal LePage, Statistics Canada, Bank of Canada, RBC Economics Research

Source:RPS, Royal LePage, Statistics Canada, Bank of Canada, RBC Economics Research HOUSING TRENDS AND AFFORDABILITY APRIL 18 HOUSING TRENDS AND AFFORDABILITY MARCH 18 HOUSING TRENDS AND AFFORDABILITY April 5, 18 At last, some affordability relief for Ontario homebuyers Long overdue improvement.

More information

Canada, Multi-Housing MarketView Q4 2012

Canada, Multi-Housing MarketView Q4 2012 Canada, Multi-Housing MarketView Q4 2012 CBRE Global Research and Consulting VACANCY RATE 2.3% NET RENT $932.78/Unit (Composite) NEW UNITS 3,134 AVERAGE CAP RATE 5.09% Arrow indicates year-over-year change

More information

ASSOCIATION OF REGINA REALTORS INC.

ASSOCIATION OF REGINA REALTORS INC. ASSOCIATION OF REGINA REALTORS INC. 1854 McIntyre Street Regina, Sask. S4P P9 Ph: 791-7 Fax: 781-794 www.reginarealtors.com For immediate release April 3, 18 RESIDENTIAL SALES SLIDE MARKS END OF 1 ST QUARTER

More information

MonthlyStatistics DECEMBER 2018

MonthlyStatistics DECEMBER 2018 MonthlyStatistics DECEMBER 2018 FOR IMMEDIATE RELEASE January 2, 2019 Housing Market in 2018 Performed as Expected NANAIMO, BC Sales of single-family homes in December dropped by 48 per cent from one year

More information