House price cool-down expected
Filed Under Main Content · Tagged: Bmo Capital Markets, Cool Html, Economist, Greater Victoria, House Price, House Prices, Pace
The report by Re/Max showed house prices climbed an average of 6.82 per cent every year from January 2000 to December 2010, a pace of growth that BMO Capital Markets economist Robert Kavcic described as unsustainable. The Greater Victoria rate during that period was 7.8 per cent.
House price cool-down expected
Canadian housing market is regaining its balance
Filed Under Main Content · Tagged: Canada, Collapse, Fear Mongering, House Price, Housing Bubble, Housing Market, National Bank, Price Index, Rapid Rise, Teranet
The Gazette- After a little bubble of fear-mongering in the media this year, you don’t hear so much these days about the horrors allegedly in store for Canada from the bursting of a housing bubble.
That’s probably because the evidence is piling up that there was no such bubble and, maybe not surprisingly, the nonexistent bubble isn’t bursting.
The latest reassuring report comes from the Teranet- National Bank house price index for August, which shows that the formerly rapid rise in prices has slowed to a crawl, but offers no sign of a collapse…
Canadian housing market is regaining its balance
House-price appreciation returns to more normal levels
Filed Under Main Content · Tagged: Condominiums, Greater Toronto Area, House Price, Price Appreciation, Royal Lepage, Survey
The Star- Condominiums showed the highest appreciation in value for housing types in the Greater Toronto Area in the third quarter of 2010, according to a survey.
The average price of a condo was up by 5.9 per cent to $329,138, according to Royal LePage in a report released Tuesday…
House-price appreciation returns to more normal levels – Moneyville.ca
Canada’s May home resale prices up for 13th straight month, but not likely to be sustained
Filed Under Main Content · Tagged: Ahead, Canada, House Price, Last September, National Bank, Pace, Price Index, Recession, Resale Prices, Rose 13, Survey, Teranet, Toronto, Vancouver Sun
Vancouver Sun- Canadian home prices rose 1.3 per cent in May, their largest monthly gain since last September, but are unlikely to keep up the pace in months ahead, according to the Teranet-National Bank composite house price index, released Wednesday.
On an annual basis, prices rose 13.6 per cent and are now 4.2 per cent higher than their pre-recession peak.
Prices have now advanced for 13 straight months, the survey showed.
The yearly gains were strongly influenced by advances in Canada’s major markets, with Vancouver up 17.1 per cent year over year and Toronto up 16 per cent…
Canada’s May home resale prices up for 13th straight month, but not likely to be sustained
