High prices rather than tightening credit conditions are curbing Canadian home buyers’ enthusiasm, says a new Desjardins Economic Studies report that argues Canada is not headed for a U.S.-style housing market collapse. “Price advances had been supported by fundamentals – strong employment and low interest rates – not softening credit conditions. Canada’s real estate market [...]

Here is a quick look at what is happening in the real estate markets across Canada.
↔ = Flat; ↑ = Increase; ↓ = Decrease
Toronto – Prices ↔; Sales ↓
Vancouver – Prices ↓; Sales ↓
Edmonton -  Prices ↓; Sales ↑
Calgary – Prices ↓; Sales ↓
Saskatoon – Prices ↓; Sales ↓
Winnipeg – Prices ↑; Sales ↓
Montreal – Prices ↑; Sales ↓
New Brunswick – Prices [...]

CREA recently announced that the average price of a resale home in Canada had dropped this August to $316,052. With this news, we thought it might be interesting to take a look at what this amount could buy you across Canada.
♦ Toronto, Ontario   -   $313,500    
      
      Beds: 3   
      Baths: 4
      Sqft: 1800
      MLS®: E1453354———————————
 
♦ Calgary, Alberta -   $314,000
      Beds: 2   
      Baths: 2
      Sqft: 699
      MLS®: C3347511———————————
 
♦ [...]

CREA announced yesterday that the average price of a residential property sold through the MLS last month was $316,052. This represents a year over year drop of 5.1 per cent – the largest since 1996.  They also reported that sales across the country were down by 19 per cent.
“The report underscores the current shift in [...]

There was a post [on Active Rain] recently by a FSBO company blogger that claimed that to be a fact. You have to ask yourself is it all hype to promote the FSBO services offered?
In reading the post I noticed that the poster claimed that no real estate agents are involved when you purchase from a [...]

Festival Tower Condos at King and John, the world’s first Film Festival and Condo! Well, I believe the official marketing slogan is “One Part Condo. One Part Film Festival”. Sales began in this building a couple years back, and construction is well underway, however, in conjunction with the Toronto International Film Festival (TIFF) currently over-taking [...]

Although the number of residential properties sold in  August decreased by 9.2 per cent over August last year, the Ottawa Real Estate Board says the market is very steady. Members of the board sold 1,187 residential properties in August through the board’s Multiple Listing Service system, compared with 1,307 in August 2007. There were 1,418 sales [...]

While residential sales activity fell in July, new listings of existing homes hit a record high resulting in a market that is more favourable for buyers than sellers. The Canadian Real Estate Association announced that residential listings on the nationwide Multiple Listing Service reached a total of 80,147 units, up 1.4 per cent from June [...]