Episode 51: Housing Market Update: Canadian Economists Weigh-In

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On June 5, The Bank of Canada announced its first rate cut in four years. This could be the sign many were waiting for to come off the sidelines and step into Canada’s housing markets. But, what does that look like across the country and how do other economic factors play into the decision making process?

On the latest episode of REAL TIME, we hear from Shaun Cathcart, Director and Senior Economist, Housing Data and Market Analysis with the Canadian Real Estate Association (CREA), Ann-Marie Lurie, Chief Economist with the Alberta Real Estate Association (AREA), and Jason Mercer, Chief Market Analyst with the Toronto Regional Real Estate Board (TRREB), as they share insights on the current state of Canada’s housing market from a national, provincial, and local level, exploring everything from the need for more supply to interprovincial migration to pricing.

CREA Lowers National Resale Housing Market Forecast

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Ottawa, ON, September 15, 2017 – The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations in 2017 and 2018. Housing market trends continue to diverge considerably among regions along four general themes: British Columbia; the Greater… View More >

Canadian home sales drop in April

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Ottawa, ON, May 15, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined in April 2017. Highlights: National home sales fell 1.7% from March to April. Actual (not seasonally adjusted) activity in April was down 7.5% from a year earlier. The number of newly listed homes… View More >

Canadian home sales edge higher from February to March

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Ottawa, ON, April 18, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in March 2017. Highlights: National home sales rose 1.1% from February to March. Actual (not seasonally adjusted) activity in March was up 6.6% from a year earlier. The… View More >

Canadian home sales climb in February

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Ottawa, ON, March 15, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in February 2017. Highlights: National home sales rose 5.2% from January to February. Actual (not seasonally adjusted) activity in February was down 2.6% from a year earlier. The… View More >