Home sales continue to drop
Filed Under Main Content · Tagged: Adjusted Basis, Calgary, Canadian Real Estate, Canadian Real Estate Association, Existing Home Sales, First Quarter, Mortgage, Ottawa, Rapid Decline, Real Estate Association, Record Sales, Toronto
Financial Post- Existing home sales continued their rapid decline last month with 70% of markets showing a drop in sales in June from May, according to the Canadian Real Estate Association.
The Ottawa-based group, which has 100 boards across the country, said sales were off 8.2% from a month ago on a seasonally adjusted basis. Toronto and Calgary led the decline.
CREA said tighter mortgage rules and rising rates are slowing the market which declined 13.3% from first quarter which had close to record sales.
"As expected, these two national factors contributed to a widespread decline in activity, with transactions down in all but a dozen or so smaller markets," said CREA…
December home sales leap 72% to record high
Filed Under Main Content · Tagged: Blip, British Columbia, Canadian Real Estate, Continuation, Current, Dale Ripplinger, Decade, Harmonized Sales Tax, Homebuyers, Lamb, Lion, Low Interest Rates, President Dale, Real Estate Association, Record Sales, Sales Tax
Financial Post- Sales of existing homes reached a record high for the month of December, according the Canadian Real Estate Association, with annual sales coming in above 2008 levels.
“Sales activity in 2009 came in like a lamb and went out like a lion,” CREA president Dale Ripplinger said in a release Friday.
“The continuation of unusually low interest rates may keep national sales activity near current levels over the coming months, as will a blip in housing demand in Ontario and British Columbia from homebuyers motivated to beat the introduction of the HST (harmonized sales tax).”
There were 27,744 units sold in December, up 72% from a year earlier “when activity dropped to the lowest level in a decade,” CREA said…
December home sales leap 72% to record high
B.C. leads the nation in record residential home sales
Filed Under Main Content · Tagged: Canadian Real Estate, Canadian Real Estate Association, Leads, Led, Real Estate Association, Record Sales, Residential Home Sales, Residential Sales, Vancouver Canada, Vancouver Sun
Vancouver Sun- B.C. led Canada in new monthly records for residential sales in October, according to a report released Monday by the Canadian Real Estate Association…
B.C. leads the nation in record residential home sales
Canada posts record July for real estate sales
Filed Under Main Content · Tagged: British Columbia, Buyers And Sellers, Canada Posts, Metro Vancouver, Real Estate Association, Real Estate Market, Real Estate Sales, Record Sales, S Real Estate, Vancouver And Victoria, Vancouver Bc, Vancouver Sun
Vancouver Sun, Vancouver, BC – Record July sales in Metro Vancouver and Victoria helped lift British Columbia’s real estate market into balanced conditions between buyers and sellers across the province, the B.C. Real Estate Association reported Friday, compared with last summer’s slide into buyer’s territory…
