Vancouver home sales plunge 39.5% amid ‘lukewarm start’ to 2017 – Article – BNN

The slowdown in Vancouver’s residential real estate market continued in January. New data from the Real Estate Board of Greater Vancouver shows home sales plunged 39.5 per cent year over year last month as 1,523 properties changed hands.

Source: Vancouver home sales plunge 39.5% amid ‘lukewarm start’ to 2017 – Article – BNN

CMHC keeps red flag on Canada’s housing market, with several cities still too hot

The housing agency still sees problems with overvaluation and price acceleration in Vancouver, Victoria, Toronto and Hamilton, despite Ottawa’s efforts to cool markets

Source: CMHC keeps red flag on Canada’s housing market, with several cities still too hot

National housing market continues to see problematic conditions: CMHC – Article – BNN

Canada’s federal housing agency says strong evidence of problematic conditions continues to exist in the national housing market.

Source: National housing market continues to see problematic conditions: CMHC – Article – BNN

Cooling measures increasingly likely for Toronto housing market: RBC – Article – BNN

“The likelihood of policy intervention to address housing risks in Toronto is increasing,” RBC economists said in its January Canadian Housing Health Check.

Source: Cooling measures increasingly likely for Toronto housing market: RBC – Article – BNN

Hot Toronto market affecting prices in nearby communities: CMHC – Article – BNN

Housing prices in Canada’s largest city, Toronto, have increased disproportionately and are spilling over into nearby communities, the federal housing agency said on Tuesday.

Source: Hot Toronto market affecting prices in nearby communities: CMHC – Article – BNN

Average house in Canada worth $470,661 in December, up 3.5% in 2016 – Business – CBC News

The average price of a Canadian home continues to move higher, but there are signs of a slowdown, according to the Canadian Real Estate Association.

Source: Average house in Canada worth $470,661 in December, up 3.5% in 2016 – Business – CBC News