Mortgage Insurance Insights Newsletter
Housing Market Trends
April 2, 2015 | Mortgage Insurance Insights Newsletter
To view additional monthly aggregate house price data for 13 of Canada’s major cities, please visit the Brookfield RPS House Price Index site.
Source: CREA (The Canadian Real Estate Association)
- Home prices remain strongest in Toronto, Hamilton and Vancouver; however the pace of price appreciation has slowed in recent months.
- Home prices remain weaker in Quebec and the Atlantic regions due to softer labour market conditions and demographic trends.
- Traditionally, a buyer’s, balanced or seller’s market is defined by the following ranges of sales-to-listings percentages:
|| < 35%
|| Buyer’s Market (More homes are for sale than there are buyers)
|| Balanced Market
|| > 55%
|| Seller’s Market (More buyers available than there are homes for sale)
- Over the past few months, the effect of low oil prices has caused the Alberta housing market to move from a seller’s to a more balanced market.
- Overall, the majority of Canada remains in a balanced market condition, with the exception of British Columbia and Ontario, both of which are seller’s markets.
NOTE: Click on the image of the map to download/print in PDF format.