Canadian Real Estate News Headlines (February 22nd 2019)
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I provide you with Canada’s news headlines for real estate news for today.
Canadian real estate market outlook 2019: Stable but struggling
The Canadian housing market had a challenging year in 2018 as it struggled to regain its footing after the bubble-like conditions of 2017. It was a year characterized by decelerating sales and pricing. And it looks like 2019 may bring more of the same.
Canadian Real Estate Prices Make Smallest Price Change Since Great Recession
Canadian real estate has cooled down significantly over the past few months. Canadian Real Estate Association (CREA) numbers show national price growth fell in January. The annual pace of growth for homes across Canada is now the lowest its been since the Great Recession. The trend is largely driven by broad weakness, with all but 2 major markets falling from peak prices.
Surrey, B.C. Has Second-Fastest Rising Home Prices In North America
Surrey has had the second-fastest rising home prices in North America over the past five years, suggests a study of 83 major North American cities that also sees five other Canadian cities make the top 10.
Between 2013 and 2018, Surrey home prices soared 88 per cent — which works out to an increase of $395,287 in Canadian dollars — according to Point2 Homes, an online real estate portal with millions of monthly visits.
Jethro Seymour, Toronto Real Estate Broker.
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