Canada’s Major Real Estate Markets Are Seeing Inventory Return To “Balanced”
Canada’s major real estate markets are back to a “balanced” market and can head into a buyers’ market if things don’t firm soon.
Canadian Real Estate Prices See Further Slowing, As Demand Falls Faster Than Supply
Canada’s red hot real estate market continued to cool, according to new numbers from the industry. Canadian Real Estate Association (CREA) data shows the seasonally adjusted sales to new listings ratio (SNLR) fell in August. The relative measure of demand is one of the core indicators used to determine how tight the market is. Since […]
Canada’s Property Bubble Saw Inventory Tighten. It Did That Last Time Prices Fell Too
Canadian real estate inventory suddenly became a little more scarce last month. An uptick in the sales to new listings ratio (SNLR) has agents saying a second wave of growth is coming. It’s true an increase in the ratio tends to be positive for price growth, but a single uptick isn’t the same. When the […]
Canadian Real Estate Sales Fell At A Rate Over 12x Larger Than Inventory
Canadian real estate inventory is improving, relieving pressure on home prices. We took a dive through the June sales to new listings ratio (SNLR) from CREA. While it helped to explain why price growth is slowing, we got a few emails asking if it was really due to falling sales. Or is inventory rising to […]
Most Canadian Real Estate Markets Are Seeing Buyers Disappear Faster Than Sellers
Canadian housing is cooling very fast, something few would believe a few months ago. Canadian Real Estate Association (CREA) data shows the national sales to new listings ratio (SNLR) fell in June. The measure, a proxy for demand, shows buyers are dropping out of the market faster than sellers. Most markets are now displaying this […]
The Canadian Property Bubble Is Deflating Right On Schedule
The Canadian property bubble could have been built by the Swiss, it’s moving so precisely. The sales to new listings ratio (SNLR) is a measure of absorption, and has a track record of leading price growth. A couple of months ago, we said the rapid decline in the ratio would lead to price growth peaking […]
Canadian Real Estate Markets Are Seeing A Big Shift, As Buyers Drop Faster Than Sellers
Canadian real estate markets are seeing a shift from peak activity earlier this year. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio (SNLR) fell in May. This is the fourth consecutive month the ratio has fallen since reaching a peak in January. While the SNLR is still high, buyers are […]
Toronto Real Estate Prices Jump, Even As Sales Fall Much Faster Than Inventory
Greater Toronto real estate is showing signs of cooling, but buyers haven’t noticed. Toronto Regional Real Estate Board (TRREB) data shows home prices reached a new record high in May. It was accompanied by accelerating price growth, despite a decline in home sales. Home sales falling faster than new listings is typically followed by a […]
Canadian Real Estate Is Seeing Home Buyers Fall Faster Than Sellers
The Canadian real estate market has been very tight in terms of supply, but that’s beginning to change. The sales to new listings ratio (SNLR) made a sharp decline in April, according to data from the Canadian Real Estate Association (CREA). Declines were seen at both the national level, as well as the majority of […]
Toronto Real Estate Just Made A Move That Typically Leads To Falling Prices
Greater Toronto real estate’s inventory squeeze appears to be rapidly coming to an end. The sales to new listings ratio (SNLR) made a very sharp decline in April, marking the third month in a row. Such sharp corrections in the SNLR are historically associated with falling price growth. Over just the past 3 months, the […]
