GTA Home Prices Drop 22%

The Latest in Mortgage News: GTA Home Prices Down 22% from February

Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago

Early April housing data indicates prices for certain housing segments in the Greater Toronto Area are down from their February peak by as much as 22%.

Home prices post fifth straight monthly drop—now down 23% from February peak - Mortgage Rates & Mo...

Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago

Canada’s national average home prices fell for the fifth consecutive month in July, and is now down 23% since reaching a peak in February. The average price stands at $629,971, down 1.7% from June and 5% compared to a year ago, according to new data released by the Canadian Real Estate Association (CREA). National home sales were also down, posting a 5.3% month-over-month decline and a 29.3% drop year-over-year. “July saw a continuation of the trends we’ve been watching unfold for a few...

Home prices fall again in May; down 13% from February's peak - Mortgage Rates & Mortgage Broker News...

Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago

Average home prices in Canada continued to fall in May, while home sales were down in three-quarters of all markets. The average (not seasonally adjusted) home price dipped to $711,316 in May, according to data from the Canadian Real Estate Association (CREA). That’s down 4.6% from the previous month and nearly 13% from February. Prices remain 3.4% above year-ago levels, but if the current trend continues that’s likely to dip negative as well. Meanwhile, sales were down 8.6% from April, fa...

The latest in mortgage news: BoC rate hike expectations grow - Mortgage Rates & Mortgage Broker News...

Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago

The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year.

The Latest in Mortgage News: Borrowers Growing Worried Over Rate Hikes

Canadian Mortgage Trends Canadian Mortgage Tr... | 2 years ago

Rising interest rates are starting to weigh down Canadians' confidence in their finances, according to the latest results of the MNP Consumer Debt Index.

August home prices: Up in Toronto, down everywhere else - Mortgage Rates & Mortgage Broker News in C...

Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago

The steady decline in home prices finally stabilized in the Greater Toronto Area in August, but persisted in other metro housing markets. The Toronto Regional Real Estate Board (TRREB) reported the first month-over-month increase since prices started falling earlier in the year. The board’s MLS Home Price Index benchmark price has fallen 22% from its peak of $1,376,000 in March. In August, the benchmark price was $1,079,500, a 2.1% increase from July and up nearly 1% from a year ago. Sales w...

The Latest in Mortgage News: Housing Affordability Reaches Worst Level in 31 Years

Canadian Mortgage Trends Canadian Mortgage Tr... | 2 years ago

Housing affordability in Canada has deteriorated to its worst level in 31 years, according to RBC Economics.

Average asking rent prices reach $2,193 in February, up 10.5% from 2023 - Mortgage Rates & Mortgage ...

Canadian Mortgage Trends Canadian Mortgage Tr... | 1 month ago

A new report says the average asking price for a rental unit in Canada was $2,193 per month in February, marking a 10.5 per cent jump year-over-year and the fastest annual growth since September 2023. The data released Monday by Rentals.ca and Urbanation, which analyzes monthly listings from the former’s network, shows the average monthly cost of a one-bedroom unit in February was $1,920, up 12.9 per cent from the same month in 2023. The average asking price for a two-bedroom was $2,293, up 11...

CoreLogic’s HPI Says Home Prices Up 2.2% in February

realestateinvestingtoday realestateinvestingt... | 2 years ago

According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased 20% year-over-year in February. On a month-over-month basis, home prices increased by 2.2% in February compared with January. CoreLogic’s HPI Forecast predicts home prices will increase on a year-over-year basis by 5% from February 2022 to February 2023. [...] The post CoreLogic’s HPI Says Home Prices Up 2.2% in February appeared first on Real Estate Inves...

Home prices surged by over 19% in February: FHFA

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

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The Latest in Mortgage News: GTA Home Prices Down 22% from February

The Latest in Mortgage News: GTA Home Prices Down 22% from February