Volume and Prices Continue to Surge

Volume and Prices Continue to Surge

Unless the supply situation is rectified in a meaningful way, prices will remain at their current frothy levels despite the government’s recent attempts to further dampen demand by tightening mortgage qualification rules for high-ratio buyers....
Volume and Prices Continue to Surge

Market Continues Its Torrid Pace

The recent federal government policy changes, which took effect on October 17th, may have caused some buyers to accelerate their buying intentions. These changes make it more difficult for all high-ratio borrowers to qualify for a mortgage as they must now qualify at...
Volume and Prices Continue to Surge

Sizzling Hot Market Continues

Once again, the lack of available inventory combined with the strong sales pace continued to translate into aggressive price growth. The average selling price in August was $710,410 – up by an eye-popping 17.7% versus the $603,534 average price in August 2015. All...
Volume and Prices Continue to Surge

Price Continues to Surge on Weak Inventory

Once again, the major factors behind this blistering price growth pace are extremely weak resale inventory (active listings down by a whopping 31.9% versus last year), strong labour market conditions, above-inflation average income growth and record low borrowing...
Volume and Prices Continue to Surge

Strong Sales Growth Continues

Once again, the lack of available inventory combined with the strong sales pace continued to translate into sizzling price growth. The average selling price in May was $751,908 – up by a whopping 15.7% versus the $649,648 average price in May 2015. All four key...
Volume and Prices Continue to Surge

Record Sales Price Continues

The lack of available resale inventory coupled with the strong sales pace continued to translate into robust price growth. The average selling price in April was $739,082 – up by an eye-catching 16.2% versus the $636,094 average price in April 2015. All four key...