July home sales dipped on monthly basis, but up from a year ago, says CREA

July home sales dipped on monthly basis, but up from a year ago, says CREA

Canadian home sales dipped by 0.7 per cent in July from the month before, the Canadian Real Estate Association said on Thursday. But monthly sales activity was 4.8 per cent higher than it was during the same period a year earlier. The number of newly listed properties increased 0.9 per cent month over month, led by a … Read more

Fewer home sales and lower average housing prices in Canada compared to last year

Fewer home sales and lower average housing prices in Canada compared to last year

Real estate activity across Canada in June showed a drop in both sales and housing prices compared to June 2023, says the Canadian Real Estate Association, though sales perked up a bit compared to May 2024.  According to the latest numbers from CREA, home sales activity as registered in the Canadian Multiple Listing Service (MLS) went up … Read more

New home construction rose while home sales came down in May

New home construction rose while home sales came down in May

The annual rate of new home construction was up in May, while home sales were slightly down, according to data released separately on Monday by the Canada Mortgage and Housing Corporation and the Canadian Real Estate Association. Referred to as housing starts, new home construction was up 10 per cent in May compared to the previous … Read more

Home sales and new home construction both drop in April

Home sales and new home construction both drop in April

The annual rate of housing starts in Canada fell slightly by one per cent compared with March 2024, while the number of residential home sales dropped in the same period of time, according to separate sets of numbers released today by the Canada Mortgage and Housing Corporation (CMHC) and the Canadian Real Estate Association. The CMHC, … Read more

Home sales and prices edging up as housing market ‘could get interesting,’ reports say

Home sales and prices edging up as housing market ‘could get interesting,’ reports say

The housing market could soon get “interesting,” economists say, as home prices and sales start to edge up, according to a pair of new reports released Friday. In its latest quarterly Home Price Update and Market Forecast, Royal LePage is forecasting that the aggregate price of a home in Canada will increase nine per cent in the fourth … Read more

Housing Sales in Gurugram Down 12% During January-March; Up 19% in Noida: Report

Housing Sales in Gurugram Down 12% During January-March; Up 19% in Noida: Report

Overall, sales of residential properties in Delhi-NCR dipped 9 per cent to 15,650 units in the first quarter of this year from 17,160 units in the corresponding period of the previous year. (Representative image) Real estate consultant Anarock’s data shows that housing sales in Gurugram’s primary market (first sale) declined 12 per cent to 8,550 … Read more

Over 4.35 Lakh Houses Completed Last Year In Top-7 Cities, 59% in MMR and NCR

Housing Sales in Gurugram Down 12% During January-March; Up 19% in Noida: Report

India’s seven major cities witnessed an 8 per cent annual jump in the completion of housing units last year at 4.35 lakh units as cash flows of developers improved on better sales, according to a report by real estate consultant Anarock. A total of 4,35,045 units were completed during last year, as against 4.02 lakh … Read more

National home sales in 2023 lowest since 2008 despite December ‘bounce,’ CREA says

National home sales in 2023 lowest since 2008 despite December ‘bounce,’ CREA says

Canada’s housing market is seeing some of the lowest annual sales volumes in more than a decade, according to the latest statistics from the Canadian Real Estate Association, even though December saw a jump in sales compared to the month before. In a statement, CREA noted that the annual home sales total of 443,511 units in … Read more