The number of homes sold through the Canadian multiple listing service plunged 14 per cent last month to the weakest level since July 2002. It was the steepest month-to-month decline since June 1994, the Canadian Real Estate Association said Friday (14 Nov 08).
The association added that the impact was heaviest in big cities — notably Toronto, [...]
The number of resale home deals fell 35 per cent in the Greater Toronto Area last month compared with a year earlier, according to a tally by the Toronto Real Estate Board. The average price was down 10.6 per cent, to $352,974 from $394,646.
The realtors’ group tracked a 13 per cent price decline in the central [...]
A panel of real estate experts is predicting that home sales in Toronto will slow over the next 18 months, but the market will not suffer the kind of slide seen in the U.S. Home sales in the GTA in the first half of October are off 18 per cent from a year ago and the [...]
If you’re selling your home, you’re not just competing against the house down the street anymore. You’re mixing it up with desperate new-home builders with pockets deeper than yours, banks willing to sell foreclosed homes at a loss, and buyers who know that sellers are at a disadvantage. You definitely need an edge.
Remodeling remains one [...]
Our world has evolved since the creation of the electric baseboard heater. Today, there are many choices when it comes to efficient heating solutions that increase your comfort. But it seems everyone wants to sell you a miracle solution, be it gas, heating oil, propane or a geothermal system. And what about wood, pellets or [...]
The number of properties listed via the MLS® systems of Canada’s major markets was down from its peak in the third quarter of 2008, according to statistics released by The Canadian Real Estate Association (CREA). This caused the balance of sales-to-new-listings in the market for resale homes to tighten on a quarter-over-quarter basis for the [...]
New house prices in Canada rose by 2.3 per cent in August compared with the same month a year earlier, with prices rising fastest in St. John’s, N.L., says Statistics Canada. The New Housing Price Index, released Friday, shows St. John’s with an annual price increase of 23.7 per cent. The steep rise was due mostly [...]
The average MLS sale price of a single-family home in Calgary metro dropped by nearly six per cent in September compared with a year ago while condo prices fell by more than 10 per cent, according to data released this afternoon by the Calgary Real Estate Board.
In the single-family home market, the average sale price [...]
Toronto housing prices in September were down compared to 2007, but still above the average of two years ago, say new figures from the Toronto Real Estate Board. The current average price is $393,647. That figure was 420,182 in September 2007 and $371,682 in 2006. That means the September average is six per cent lower than [...]
The Real Estate Board of Greater Vancouver says the number of residential property sales declined 42.9 per cent in September from a year earlier.
The number of residential properties sold in Metro Vancouver dropped from 2,776 in September 2007 to 1,585 in September 2008, according to a report released Thursday by the board.
The number of new [...]
