by admin | Sep 29, 2020 | Market News
There were 4,539 new homes sold across the Toronto region in August, up a blazing 217 percent over the previous year and 119 percent higher than the 10-year average for the month. It was an incredible way to cap off a summer recovery that few thought would materialize...
by admin | Sep 25, 2020 | Market News
Canada?s housing market mounted an impressive comeback after the springtime freeze, but a prolonged period of high unemployment and lower incomes will eventually sap the market?s current vigour. That?s the message from Moody?s Analytics Economist Abhilasha Singh, who...
by admin | Sep 22, 2020 | Market News
The strength exhibited in local markets across the country this summer has failed to convince the Canada Mortgage and Housing Corporation (CMHC) that a major decline in home prices is the most likely outcome of the COVID-19 pandemic. The Crown corporation today...
by admin | Sep 18, 2020 | Market News
A widely watched home price index tracking the Canadian housing market is firming up after posting weak results through June and July. The Teranet-National Bank Home Price Index recorded a 5.7 percent rise in August over the same period a year earlier, with five...
by admin | Sep 15, 2020 | Market News
The Canadian housing market has caught up to where it was at the same time last year as pent-up demand from the spring was unleashed in the summer months, leading to a flurry of home sales. But, according to Canadian Real Estate Association Senior Economist Shaun...
