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Posts Tagged ‘Housing Trends’

Market Commentary

November 4th, 2015 No comments

Hand writing Trends for 2015 with red marker conceptThe latest quarterly report from Canada Mortgage and Housing Corporation has some market watchers seeing red. But the agency points out its market assessment is an early warning signal and not a sign of a housing bubble that is about to burst.

The report indicates there are signs of over-valuation in 11 of Canada’s 15 major markets. Toronto, Winnipeg, Saskatoon and Regina all come in as “code red” for strong indications of problematic conditions.

Among the factors CMHC monitors are price acceleration, job and income growth, and overbuilding. The agency says it wants to promote stability by advising buyers, lenders and builders when a market is out of sync with economic fundamentals.

Montreal showed a moderate risk of over-valuation due low growth in first time buyers, weak income growth and a glut of unsold condos.
Vancouver – by far Canada’s priciest market – along with Calgary and Edmonton came in with low risk factors. Changes in those markets are in line with the local economies.

From: First National Financial LP

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Hamilton & Toronto Housing Trends

July 9th, 2009 No comments

Some really great trending in the Hamilton CMA as provided by CMHC.  Sales to New Listing Ratio’s have trended exceptionally well over the last several months and while sales are below last years levels by 8% – the previous 2 years were historically record levels and this is a huge improvement over the Oct-Feb results.  70.4% Sales to New Listing Ratio indicates an extremely robust resale home market.

 

 

Number of Sales

Yr/Yr² (%)

Number of New Listings

Average Price

Yr/Yr² (%)

Q1 2008

2,838

-8.2

4,739

$281,634

6.8

Q2 2009

2,166

-23.7

4,557

$264,187

-6.2

 

 

 

 

 

 

YTD 2008

5,654

-5.3

9,190

$285,294

6.4

YTD 2009

4,670

-17.4

8,162

$279,068

-2.2

 

 

Additionally, I thought I would share some of the numbers coming out of the Toronto CMA as provided by CMHC.  Really exceptional results with Sales to New Listing Ratio showing 65%…indicative of a very healthy resale housing market and positive trending in all categories. 

 

 

Number of Sales

Yr/Yr² (%)

Number of New Listings

Average Price

Yr/Yr² (%)

Q1 2008

17,721

-13.4

36,885

$379,232

4.3

Q2 2009

12,957

-26.9

34,077

$358,036

-5.6

 

 

 

 

 

 

YTD 2008

35,894

-12.5

74,291

$388,941

4.5

YTD 2009

30,653

-14.6

60,758

$377,091

-3.0

 

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