Slide in new-home prices slows
Filed Under Main Content · Tagged: Calgary, Economist, Edmonton, Hirsch, Previous Year, Statistics Canada, Vancouver Sun
The Vancouver Sun- The price of a new home in Edmonton remained flat in May from a year ago, according to data released by Statistics Canada Thursday.
Edmonton registered only a 0.1-per-cent 12-month dip in the contractors’ selling price, the federal agency said Thursday.
Since July 2008, prices have fallen each month by as much as 12 per cent from the previous year.
ATB Financial senior economist Todd Hirsch said both Edmonton and Calgary have seen new-home prices trending up in the first half of 2010 after spending much of the past two years priced below the previous year…
Slide in new-home prices slows
New-home prices fall in Victoria, up in Canada
Filed Under Main Content · Tagged: Analyst Expectations, April, Greater Victoria, Housing Prices, London, New Homes, Oshawa, Previous Year, Regina, Rose, Statistics Canada, Times Colonist, Toronto, Victoria Canada, Windsor
Times Colonist- National new housing prices rose for the 11th straight month in May, advancing 0.3 per cent compared to the month before and in line with analyst expectations, Statistics Canada reported yesterday.
Prices slid, however, for new homes in Greater Victoria, which dropped 0.4 per cent in May from April, and down 3.9 per cent in May compared to the same month the previous year.
In the capital region, the number of unsold properties has reached 4,700 and sales slowed last month to 625.
Prices also fell month-over-month in Kitchener, Ont., down 0.8 per cent, Windsor, down 0.2 per cent and London, off 0.1 per cent.
Monthly gains were led by Regina, where prices advanced 3.4 per cent, and Toronto and Oshawa, where prices rose 0.7 per cent…
New-home prices fall in Victoria, up in Canada
Victoria’s hot real estate market ready to cool off
Filed Under Main Content · Tagged: Bank Of Nova Scotia, Bucket Of Water, Greater Victoria, Hot Real Estate, Mortgage Rates, Previous Year, Real Estate Market, Real Estate Sales, Royal Bank, Second Time, Victoria Market
Times Colonist- Greater Victoria’s hot real estate market appears ready to cool off as mortgage rates go higher and rules on borrowing tighten.
Real estate sales and prices were up in Victoria in March compared with the previous year but the sector is headed for more balance as the Royal Bank and the Bank of Nova Scotia tossed another bucket of water by raising mortgage rates for the second time in two weeks and new buyers braced for tighter mortgage rules that come into effect this Monday…
Victoria’s hot real estate market ready to cool off
Buyers racing rate rise
Filed Under Main Content · Tagged: Affordability, Cameron Muir, Chief Economist, Global Economic Crisis, Low Mortgage, Mortgage Interest Rates, Multiple Listing Service, Pace, Previous Year, Real Estate Association, Year End
Times Colonist- The total number of sales in B.C. through the Multiple Listing Service leaped by 118 per cent in January to 4,619 compared with the same month the previous year, when the world was rocked by the global economic crisis. Sales dropped by 16 per cent last month from the previous month, the B.C. Real Estate Association said yesterday. Cameron Muir, the association’s chief economist, said that’s the result of waning pent-up demand and eroding affordability.
While low mortgage interest rates will continue to entice homebuyers through the spring, demand is expected to moderate from its frenetic year-end pace, he said…
