Canadian Real Estate News Headlines (March 6th 2019)
Hello everyone. How are you?
I provide you with Canada’s news headlines for real estate news for today.
Canadian Mortgage Growth Prints Slowest January Since 1983
Canadian mortgage growth continues to underwhelm. Bank of Canada (BoC) numbers show outstanding residential mortgage credit hit a new record high in January. The record was dwarfed by the slowest annual pace of growth for a January in over three decades.
Here Is Where The Canadian Housing Market Stands Going Forward
Even though the year hasn't finished the first quarter yet, there are some current indicators that could be used to predict the direction of the Canadian housing market going forward.
January housing starts figures are significant, according to Zoocasa, which suggest that higher units sold (207,968) in Jan. 2019 were better than the average annualized pace of 205,000 for the month.
Toronto home prices inch up as TREB calls for stress test review
Home prices inched higher in Canada's largest real estate market last month even as sales activity cooled.
The average selling price across the Greater Toronto Area rose 1.6 per cent year-over-year in February to $780,397, according to data released by the Toronto Real Estate Board on Tuesday. The price appreciation was even greater when compared to January's average price of $748,328.
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