A fresh dose of the local market. Three times a week.
It is that time of the month when numbers and percentages are released by the MLS and Montreal Real Estate Board database. According to their latest report, there was a 9% sales increase throughout the Montréal Metropolitan Area as compared to February 2011. The ninth consecutive increase and the strongest one since April 2010. Here is the point-form scoop: Active listings grew by … [Read more...]
December marks the 7th consecutive monthly increase in existing-home sales. Compared to sales from December 2010, in 2011 there were 7% more sales according to the Greater Montréal Real Estate Board (GMREB). From all the areas that had increases; Vaudreuil-Soulanges (+39%), North Shore (+28%), Laval (+9%) and the South Shore (+2%). Only the Island of Montréal had a decrease in sales … [Read more...]
httpvh://www.youtube.com/watch?v=mKp12Mv-oFs The november numbers are out already! This time from the Montreal Real Estate Board. We had 3% more sales than in Nov 2010. All property types had sales increase and prices went up by 4%. Watch the video to get the details. I'm still working on the transcript! If you're not able to watch the video from your email, here is the … [Read more...]
A report by Capital Economic says Canada’s housing bubble is now close to bursting as housing valuations have “lost touch with fundamentals” and household debt is at a record high. House prices could fall by as much as 25 per cent over the next three years. “House prices have been growing rapidly for nearly a decade now and it has reached the point where housing is so overvalued … [Read more...]
News on the national real estate market starts and sales can now be found at the CMHC's website. According to Canada Mortgage and Housing Corporation’s (CMHC) second quarter Housing Market Outlook, Canada Edition, we are doing just fine. Expect a moderation and a slight increase on the home prices this year: "The recent increase in the average MLS® price reflected strong sales in … [Read more...]
You can always count on the media and the "Market experts" to make an issue out of something small, like the 0.1% decrease the new home prices in July. CTV News [Edmonton] reports: "The price of new homes fell 0.1 per cent in July after a 0.1 per cent increase in June -- the first drop in more than a year, according to Statistics Canada's latest report." So Statistics Canada comes out with a … [Read more...]
Ever since last week, there has been a lot of talk (in the media) of a real estate bubble about to happen in Canada. Many articles were written about the markets that are anticipated to be affected. The gazette began the topic on August 30 with Housing Bubble: An accident about to happen. Followed by the list of cities whose market are in danger of a bubble burst. I haven't really gotten … [Read more...]
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