Canadian Real Estate News Headlines (January 31st, 2019)

Hello everyone. How are you?

I provide you with Canada’s news headlines for real estate news for today. 

Home Sale Predictions Point to Stagnant Year for Canadian Real Estate

The Canadian Real Estate Association (CREA) has recently published the housing statistics for 2018 and there are very few surprises to them. Overall, there were 458,442 homes sold in 2018, which is an 11.1% reduction from the 515,681 number of sales in 2017. 

As number crunchers continue to analyze the 2018 Canadian real estate data, it seems there’s one thing most can agree on – the country is likely to face stagnant home sales in 2019. Considering last year’s sharp drop in the number of transactions, this is definitely a change of pace. 

The details can be found here. 

Analysts say house prices are expected to drop through the year

2019 is shaping up to be a buyer’s market in the City of Calgary as there are still far too many homes for sale and just not enough people interested in buying.

The Calgary Real Estate Board held its annual conference on Wednesday where it took a look at what would be happening in the market this year.

The details can be found here. 

As house prices slide, Kenney urges elimination of mortgage stress test for Albertans

A United Conservative Party government would call on Ottawa to eliminate mortgage rules that are making it harder for Albertans to buy homes, UCP Leader Jason Kenney said Wednesday.

The details can be found here.

Doug Ford’s fix for Toronto's housing crisis is easy: Just build more homes

Supply side measures that include removing red tape to get more homes built more quickly are seen as a better way to get the affordability in check

The details can be found here.