Tagged: CREA

Home buying, decorating made easier

Home buying, decorating made easier

Are you hunting for a new home in the hope of finding one before Canada’s new mortgage regulations kick in?

CREA lowers home sales and price forecasts

CREA lowers home sales and price forecasts

Housing activity in the country is slowing down after a busy first half, especially in British Columbia, Alberta and Ontario where prices are expected to fall in the coming months.

BC and Ontario housing markets feel effects of HST in July

BC and Ontario housing markets feel effects of HST in July

The Canadian Real Estate Association (CREA) says national home sales activity continued to trend down in July 2010. The decline was almost entirely the result of fewer sales in British Columbia and Ontario. A slowdown in demand in these two provinces had been widely expected in July, as many purchases were brought forward into the first half of the year in advance of the introduction of the HST.

BC and Ontario housing markets feel effects of HST in July (Video)

BC and Ontario housing markets feel effects of HST in July (Video)

National home sales activity continued to trend down in July 2010. The decline was almost entirely the result of fewer sales in British Columbia and Ontario.

TD forecasts 10% drop in home prices

TD forecasts 10% drop in home prices

Canada’s real estate market is due for a “moderate correction” with homes that are anywhere from 10 to 15 per cent overvalued, says the TD Bank.

“The excessive pricing of Canadian housing in relation to fundamentals is now clearly correcting,” TD Bank economist Grant Bishop said in an economic note Monday. “We expect a moderate correction in prices over the coming year.”