August 2012

There are 2 blog entries for August 2012.

Article from BNN

Canada’s hot housing market is set to cool, with prices and sales expected to fall, according to the federally-backed Canada Mortgage and Housing Corporation.

The agency now expects the average home price to be $368,000 in 2012 -- down from its previous forecast of $372,700. It’s also lowering its average home price forecast for 2013 to $377,300 from $383,600.

The number of existing home sales are also expected to fall, the agency said in its quarterly outlook. It now expects existing home sales to come in at 466,600 units in 2012 and 469,600 units in 2013 -- down from its previous call for 472,300 units and 474,900, respectively.

But the number of new homes hitting the market will maintain strong, with CMHC now expecting the

5,027 Views, 0 Comments.

Article from Business News Network

Canadian home price index rises to record in June

Home prices in Canada rose in June from May, hitting a record high for the third consecutive month, the Teranet-National Bank Composite House Price Index showed on Wednesday.

The index, which measures price changes for repeat sales of single-family homes, showed overall prices climbed 1.2 percent in June from a month earlier. From a year earlier, the index was up 5.4 percent, but it was the seventh straight month in which year-on-year price gains slowed. No actual prices were given.

None of the 11 metropolitan markets surveyed showed a price decline from the month before. The same was true in May.

The producers of the data noted that the sharpest monthly changes

1,181 Views, 0 Comments.