Housing Affordability Crisis in Toronto?

Housing Affordability Crisis in Toronto?

Is there a housing affordability crisis in Toronto? Recent news reports certainly seem to be leaning that way, but is that what’s really going on? We’re breaking down the stats to look at the Toronto real estate market and what the data has to say about housing affordability. It’s now…

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Largest Retreat for a February Outside of Recession

Largest Retreat for a February Outside of Recession

March 13, 2019  Largest retreat for a February outside of recession In February the Teranet–National Bank National Composite House Price IndexTM was down 0.4% from the previous month.[1] Except for the recession year of 2009, it was the largest February decline in 19 years of index history. Indexes lost ground in nine of…

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This is How Much Canadian Condo Prices Differed Across Markets in 2018 Q4 [National Bank Housing Affordability Monitor]

This is How Much Canadian Condo Prices Differed Across Markets in 2018 Q4 [National Bank Housing Affordability Monitor]

In the final quarter of 2018, Canadian housing affordability worsened for a 14th consecutive quarter, found economic research from the National Bank Housing Affordability Monitor. Using data from the Teranet-National Bank House Price Index, National Bank Deputy Chief Economist Matthieu Arseneau and Economist Kyle Dahms released a quarterly report on…

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Predicted Changes to the Canadian Housing Market in 2019

Predicted Changes to the Canadian Housing Market in 2019

Last year in 2018 we saw many changes to the Canadian housing market. Now that 2019 is here, what will this year bring? We’re breaking down real estate predictions for the year ahead. Here’s what’s on our radar: 1. Interest Rate Increases In 2018, we saw Canadian interest rates rise…

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Marketing Focus: Should You Shift Effort to Selling Condos?

Marketing Focus: Should You Shift Effort to Selling Condos?

There is one real estate opportunity that seems to only be growing in popularity: selling condos. The Canadian condo market continues to boom. From 2016 to 2018, more than 14% of private mortgages came from condominiums. In June 2018, residential construction starts across Canada surged to 248,000 units, driven by…

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Tips for Establishing a Listing Price in a Changing Market

Tips for Establishing a Listing Price in a Changing Market

The Canadian real estate market is in a state of fluctuation, which can make determining a listing price difficult to say the least. Between rising interest rates, mortgage stress testing regulations, uncertain house prices, increased competition, and the like, there are many factors that might be affecting your usual process…

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Home Price Index Down in October in All Component Markets Except Montreal

Home Price Index Down in October in All Component Markets Except Montreal

NOVEMBER 15, 2018 Home price index down in October in all component markets except Montreal In October the Teranet–National Bank National Composite House Price IndexTM was down 0.4% from the previous month.[1] An October decline is not the norm – this was only the fourth in 20 years of index history. It…

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National Composite Index: Flat in September

National Composite Index: Flat in September

OCTOBER 12, 2018 National Composite Index: Flat in September In September the Teranet–National Bank National Composite House Price IndexTM came in flat from the month before,1 matching the historical average for September since 2010. Only five of the 11 metropolitan markets surveyed showed gains, the weakest diffusion in six months. These were…

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2016 Canadian Real Estate Market Recap – First Q

The first quarter of 2016 has closed so we thought, what better time to recap Canadian housing numbers? A good starting point is the Teranet – National Bank House Price Index™ (HPI). The Teranet National Bank House Price Index reports the rate of change of Canadian single-family home prices. We…

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