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National Bank: Canadian Real Estate Price Deflation Hits With Smallest Rise In 10 Years

Canadian real estate price growth may not be what it appears to be, according to a Big Six bank. Teranet – National Bank of Canada House Price Index (TNB HPI) numbers show a prices increased in July. However, the growth rate is down to the lowest level since the Great Recession. The index authors also […]

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BC Housing Market Sluggish Year to Date

BC’s provincial housing market showed signs of stabilizing in July. The month of July notched a 12% increase in home sales year-over-year (not seasonally adjusted). This was the first time sales had increased on a year-over-year basis in eighteen months. However, sales are still below historical averages, ultimately suggesting the housing market is not out […]

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Canadian Real Estate Prices Return To Growth After Brief Decline

Canadian real estate prices are back to growing, after seeing minor price declines for half of a year. Canadian Real Estate Association (CREA) numbers show home prices have returned to growth in July. National price growth is being driven by a boom in markets that underperformed over the past 5 years. Canadian Real Estate Prices […]

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This Week’s Top Stories: Canada Furthers Dependence On The Real Estate Industry, While Over 1 In 7 Buyers Now Need Mom & Dad To Help

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Over 1 In 7 First-Time Homebuyers Are Tapping The Bank Of Mom And Dad Ontario’s first-time buyers aren’t pursuing ownership alone, and instead are looking for much older help. Condo apartments bought with multiple owners with an age gap of 20 […]

The post This Week’s Top Stories: Canada Furthers Dependence On The Real Estate Industry, While Over 1 In 7 Buyers Now Need Mom & Dad To Help appeared first on Better Dwelling.

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Over 1 In 7 First-Time Homebuyers Are Tapping The Bank of Mom and Dad

The bank of mom and day may be undergoing an aggressive expansion. Teranet, Canada’s largest land registry operator, conducted an analysis on ownership in Ontario. First-time buyers scoring a place on their own is on the slide. Most aggressively taking its place, is buying with a second owner at least 20 years older. The firm […]

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Canadian Real Estate Sales Soar, With Only Two Markets Showing Declines

World’s largest bubble? Canadians aren’t buying it, but they are rushing to buy homes again. Canadian Real Estate Association (CREA) numbers show a massive jump in sales for July. The increase makes it the most July sales in years, with only 2 major markets showing declines. Canadian Real Estate Sales Rise Over 12% From Last […]

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Greater Vancouver Detached Real Estate Sales Rise, But Prices Fall Further

Vancouver’s detached real estate market made improvements, but it isn’t back to normal. Real Estate Board of Greater Vancouver (REBGV) numbers show sales made a huge climb in July. However, the double digit rise in sales still fell short of typical volumes for the month. As a result, the price of a typical detached home […]

The post Greater Vancouver Detached Real Estate Sales Rise, But Prices Fall Further appeared first on Better Dwelling.

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Half of Toronto Detached Homes Are Selling 15% Below The “Typical” Price

Greater Toronto’s detached real estate market made big improvements last month. Toronto Real Estate Board (TREB) numbers show both prices and sales moved higher in July. While improved from last year, they haven’t returned to normal growth or volumes. Prices made a minimal move higher by the best performing measure, with suburbs doing best. Sales […]

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Canada Loses 24,000 Jobs, But The Canadian Real Estate Industry Picks Up Over 30,000

Still wondering if Canadian real estate is running the economy? Just look at the latest job numbers. Statistics Canada (Stat Can) numbers show a small uptick in unemployment, with 24,000 jobs lost in July. However, the weakness didn’t impact the real estate and construction industries. Both sectors are now at an all-time high for jobs, […]

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Negative Interest Rates & The War on Housing

As the global economy slows Central Banks across the world are aggressively slashing interest rates towards zero. Desperately trying to avoid a recession, there remains little room to maneuver as interest rates slide closer into negative territory. Stimulus in the form of lower interest rates is nearing an end game, however, it appears to be […]

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