Canadian housing health check (august 2018) toronto’s housing market comes back to life in june, not so in vancouver (july 2018) toronto and vancouver housing market activity still soft in may (june 2018.
Housing market news alerts sign up now for news alerts on the canadian housing market meanwhile, the aggregate composite mls housing price index was up 09 per cent year-over-year in june, marking the 14th consecutive month of decelerating gains and the smallest increase since 2009.
Canadian housing starts rise unexpectedly in june as slowdown fails to materialize monster may for housing sales doesn't mean the market won't slow toronto home sales slump 34% from last year.
Based on the sales-to-new listings ratio—where 50% is a balanced market—the overall canadian market appears to be balanced, according to rbc economics december monthly housing market report toronto and calgary are also in balanced territory while montreal and vancouver are still leaning towards a seller’s market. Still, if there is a consensus view among professional forecasters about the canadian housing market, it’s that prices will plateau or suffer only a minor dip. The us housing market peaked in late 2006 since then, based on this index, us housing prices are still down almost 13 percent from their peak through the end of 2016 in that same time frame, canadian housing prices are up 56 percent from the 2006 peak, it took until late 2012 for real estate in the us to bottom.
After all, with so many indicators suggesting canada’s housing market has inflated well beyond what the us experienced in the early 2000s, this chart showing what america’s 33 per cent house price decline would mean for the canadian market is sobering. Not every canadian housing market is reacting to these downward pressures in the same way according to a report from bmo, ottawa, quebec city, hamilton and edmonton’s economies are coming out ahead this year, and so are their housing markets.
Canadian imperial bank of commerce (nyse:cm), the most exposed bank to the housing market among the top five lenders, reported a 25% jump in its profit for the period, with its credit losses contained. State of the canadian housing market share this post now for years, the canadian economy has benefited from historically high housing prices in some of its biggest housing markets. Property prices on the rise: across the board, rising demand continues to drive up property prices in canada’s luxury markets, a trend expected to continue throughout 2018 and forecasting a strong year ahead for canadian real estate in order to capitalize on this market, brokers should invest their marketing dollars behind luxury listings, especially targeting investors and feeder markets for international buyers.