Barry Klatt

403-271-0600
Barry Klatt
Office:403-271-0600
Fax:403-476-5236

Why Sign Up?

  • Save your Listing Searches
  • Email Alerts on new Listings
  • See new listings sooner
  • Tag your Favourites for later

Already A Member?

On Friday June 15th, 2012 the Canadian Real Estate Association released a lot of figures that gave a lot of insight into the direction of the real estate market in Canada. One focus on this round of figures was around the Toronto housing market and how it was staying quite strong.

 

“Activity in Greater Toronto is stronger this spring than it was last year, and higher-priced homes are still selling quickly. As Canada’s most active housing market, and one of the priciest, it is still the biggest factor boosting the national average price but its support was less of a factor in May,” said Gregory Klump, CREA Chief Economist.

The Bank of Canada doesn’t seem to be exactly thrilled about the pace of borrowing on buying houses and price increases however. In the Montreal Gazette the federal Finance Minister Jim Flaherty was noted as warning Canadians against moderate borrowing saying that household debt was the number one enemy for the domestic economy.

 

The sales activity in houses was raised from previous announcements after more than expected rises this spring in home sales activity. The first announcements said that sales would increase about .3 percent but readjusted estimates put sales of homes at 475,800 homes in 2012 up 3.8 percent from the figures in 2011.

Concern and talk about a housing bubble is still on the mind of many economists for the Canadian Real Estate Market. While CREA hasn’t come out and said they fear that, many others have been discussing it. Looking at the Canada home prices in the graph below clearly shows a rising average price of Canadian houses that could spell out a bubble if financial markets get any kind of shocks. Banking analysts are on edge this weekend as Greek elections in Greece could spell an exit from the Euro wreaking havoc on markets.

 

Canada House Prices

 

Source: http://www.therealestatemedia.com/canadian-real-estate-market-to-increase-in-sales-to-3-8-percent-in-2012-2700.html

Read full post
Categories:   2013 real estate | alberta | alberta e | alberta economy | alberta economy, edmonton alberta, university of alberta, | auburn bay | barry klatt | best my nest | best time to sell or buy house | black friday in Canada | buying houses | ca | calg | calgary | calgary buy sell | calgary census | calgary condo for sale | calgary flood | calgary flooding | calgary luxury home market | calgary luxury real estate | calgary m | calgary mls | calgary mls listings | calgary real estate | calgary real estate market | calgary real estate s | calgary real estate statistics | calgary real estate, commercial real estate alberta, alberta real estate market | calgary rental market | calgary resale market | calgary sales expectations | calgary schools | calgary stampede | calgary statistics | calgary top realtor | calgary vacancy | calgary walkability | calgary youtube video | canada economy | canadian spending | celebrations around the world | christmas spending | cir | cir calgary | cir rea | cir real estate | CIR Realty | cleaning tips | costa rica real estate | cranston | creb | diy home | diy projects | driveway repair | earth | economic forecast | edmonton economy | Facebook | finance | financial times | first time | first time home buyer | first time home buyers | fix up home to sell | for rent calgary | foreclosures | halloween | heritage homes | high river flood | holiday | home buyers | home buying | home buying mistakes | home buying tips, home reno, furnace buying, real estate investment | home design | home improvement | home prices | home ren | home renovations | home repair | home sellers | Home tips | Home tips and advice | homes for sale | hoome renovation | house safety | housing market | how realtors help | how to save | investmen | investment real estate | jeff kahane law | legal advice | legal contracts | live in alberta | lowe's | mahogany | mark zuckerberg | market trends | memorial drive | mexico real estate | mls | mls listings | mls listings canada | mls sales | mold in the home | money talks | monthly newsletter | mortgage rates | mortgage tips | new developments | news | october 31 | phone app key | pothole | properties | rbc mortgages | real estate | real estate 2013 | real estate after flood | real estate canada, mls listings, residential real estate, alberta real estate, cir realty | real estate deals | real estate developers | real estate invest | real estate listings | real estate market | real estate market canada | real estate new year | realtor | renovation insurance | revenue property | saskatchewan economy | selling houses | single family house prices | smart investment | Social media facebook | south hospital | southeast calgary | southeast ring road | spring clean | storage ideas | tax refund | technology | top producer | toronto real estate | united states real estate | united states real estate foreclosure | vacation home | vacation rental | vancouver real estate | world | world economy | ymca strong kids | your finance
Data is supplied by Pillar 9® MLS® System. Pillar 9® is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.