National prices show first dip in a year
from the Canadian Real Estate Magazine
National prices took a rare dip downwards in November, marking a first for 2011, according to the Teranet-National Bank House Price Index.
The decline of 0.2% from October follows two months of flat price movement from the month before, and is the first decline since a brief correction in November 2010.
Of ...
Moderate growth eases concern of crash in housing market
From Globe and Mail
By RICHARD BLACKWELL
Vancouver real estate prices and boom in condominium construction remain chief sticking points
Canada's real estate market is growing at a snail's pace, reinforcing hopes the housing sector will glide to a soft landing instead of crashing.
Worries over the economy have dampened demand in some res ...
Bank chiefs sound alarm over housing market
from Globe and Mail
Canada’s housing market is showing signs of peaking, one of the country’s biggest lenders said, as the banking sector expresses more caution about the outlook for real estate in the coming year.
The market should inevitably cool in 2012 as housing supply begins to outstrip demand, and consumer debt hovers at historic high levels ...
Home sales tumble to 11-year low
Economic uncertainty, weakened consumer confidence behind fall
from Times Colonist
The Greater Victoria real estate market hit the brakes in 2011, recording the lowest total number of unit sales in 11 years.
According to year-end figures from the Victoria Real Estate Board, there were 5,266 sales in the region last year, the lowest number since 4,467 sale ...
One Percent Realty from Darren Chamish on Vimeo.
Real estate: All's going to get quiet on the western front
from Globe and Mail
Canada's real estate market is expected to hold steady for the next year, kind of a Goldilocks thing in that it won't be too hot and it won't be too cold.
"Canadian housing continues to look balanced, with some local markets performing better than others," Robert Kavcic of BMO Nesbitt Burns said this week after ...
House prices to hold next year: CMHC
from the Globe and Mail
The housing market may be a boring place for the next year, according to CMHC, as the number of starts remains near current levels and resale prices hold steady.
In its fourth quarter market update, Canada Mortgage and Housing Corp. said mortgage rates would likely remain at historically low levels at least until the last half of 2 ...
The editor of a pro-libertarian website has declared Canada has a housing bubble that is shaping up similar to the one that burst in the U.S. and launched the financial crisis.Victoria, Island house market takes a hit
Sales, prices decline; inventory up; trend expected to last through '12
from the Times Colonist
Home sales in Victoria and Vancouver Island are down so far this year, average selling prices have slipped, and inventory levels are up.
And none of that is about to change anytime soon, according to the B.C. Real Estate Association.
Cameron Muir, chief ...
Housing starts in August fell to a seasonally adjusted annual rate of 184,700 units — down from 204,500 in July, the agency said Friday.