Posts Tagged ‘CREA

A recent report in the Globe and Mail, by Real Estate Reporter, Steve Ladurantaye, claims that the Canadian Real Estate Association is preparing to allow access to their database containing sold prices and days on the market information. Does this means that Canadian will soon see “Zillow” type websites? Zillow is an American real estate […]

The Canadian Real Estate Association just released their 2010 Real Estate Stats. Here are some of the highlights: 447,010 homes sold in Canada in 2010. This was down by 3.9% from 2009. The average home price in Canada rose by 5.8% in 2010 to $339,030. Here are similar real estate statistics for Canadian Major Markets […]

Next year is almost here! 2010 was a positive year for Canadian Real Estate sales and for PropertySold.ca. The home sales in Canada were down 5% compared to 2009. Home prices increased by 7% in 2010. Let look at some predictions for 2011. BANKS: TD – Is forecasting a drop in sales of 7.6% and […]

CREA (Canadian Real Estate Association) released their November Canadian Real Estate Statistics. Some of the highlights include: – Home sales were down 9% from November 2009 – The average price for a home rose 2% compared to November 2009 – “Seasonally adjusted” home sales rose by 4.8% You will note in the CREA press release […]

The Canadian Real Estate Association recently announced that they lowered their home sales forecast for Canada for the remainder of 2010 and for the full year 2011. CREA is forecasting that home sales will decline by more than 4% in 2010 and by 9% in 2011. The press release can be read here: https://creanews.ca/2010/11/05/crea-revises-annual-resale-housing-forecast/ We […]

For the past 3 months (June, July, August), the real estate sales in Canada have dropped approximately 30% each month. This equals about 13,000 less sales per month or 40,000 less sales over the 3 months. What does 40,000 fewer home sales mean for the economy? Let’s examine the impact of this. Many people make […]


//

Canada Real Estate News

Real estate news in Canada including buy and sell information, local market updates, guides, tips for Canadians in the real estate market.