You are in the market for a new home or condo this Spring? The latest Canadian Real Estate Association report is in and newly listed homes rose 4.8% in February 2017 led by the Greater Toronto Area and nearby areas.

The GTA is one of the few cities in which newly listed homes rose after a sharp drop in January 2017. More than one third of all housing markets saw a decline in new listings from the previous month.

Across the country in the Greater Vancouver region new listings fell nearby 25% fr...

The recent report from the Canadian Real Estate Association published in March shows projected sales volume across Canada. 

Some recent mortgage rules changes will affect certain regions more than others. In some provinces the tightening of mortgage rules such as the recent "stress test" for mortgage qualification will present a obstacle for many fist time home buyers looking to enter the real estate market. Many will have to rethink their budgets and or drop the idea of purchasing a home. 

Th...

The numbers for February's house sales are in and are showing an increase in the average home price across Canada. The average price of a residential property has crossed the $500,000 mark in February 2017.

The price increase was driven largely by the Greater Toronto Area and surroundings as current supply cannot keep up with demand. The Canadian Real Estate Association president Cliff Iverson says the competition between buyers is less of a problems in other major Canadian cities.

The average...

Where are average home prices heading? A recent forecast report published in March from the Canadian Real Estate Association is shedding some light into the average residential price across Canada. 

The 2016 National Average for residential sales was $490,033 which translates into a 10.8% increase over 2015.

The Forecast report shows the provinces with the biggest percentage increase being Ontario at 15.6% and Prince Edward Island at 5.2%. The National Average is estimated to be $513,500 which...