{"id":202008,"date":"2017-06-16T10:17:12","date_gmt":"2017-06-16T13:47:12","guid":{"rendered":"https:\/\/metroactive.org\/wordpress\/?p=202008"},"modified":"2017-06-16T10:17:12","modified_gmt":"2017-06-16T13:47:12","slug":"highlights-from-creas-latest-stats","status":"publish","type":"post","link":"https:\/\/metroactive.org\/wordpress\/2017\/06\/16\/highlights-from-creas-latest-stats\/","title":{"rendered":"Highlights from CREA\u2019s latest stats"},"content":{"rendered":"<p>Looks like the taxes that the government put in place are having their desired effect.\u00a0 See what is happening across the country with\u00a0regards to home sales.<\/p>\n<p>by <a href=\"http:\/\/www.mortgagebrokernews.ca\/authors\/justin-da-rosa-175698\/\">Justin da Rosa<\/a> 16 Jun 2017<\/p>\n<p>A cross-Canada glimpse at Canada\u2019s housing performance. Nationally, home sales fell 6.2% in May, which marked the largest month-to-month decline in nearly five years. We take a look at province-by-province performance.<\/p>\n<p><strong>British Columbia<\/strong> Prices showed some evidence of rebounding, increasing 4.2% year-over-year to $752,514 last month. Sales, however, were down 7.8% with a total of 12,403 homes sold. \u201cIn British Columbia, activity is showing early signs of recovering from last year\u2019s correction in some areas of the province,\u201d CREA said in its updated Resale Housing Market Forecast. \u201cThis suggests home buying sentiment may be starting to improve.\u201d<\/p>\n<p><strong>Alberta<\/strong> The oil-dependent province continues to show evidence that it has left the worst of the oil downturn in its rearview mirror. Prices continue to hold steady (+1.3% y\/y) at $412,382. Sales were up 9.1%, though, with a total of 6,251 homes sold. \u201cAlberta has firmed up compared to the low reached in early 2016 and the balance between supply and demand in the province has been tightening,\u201d CREA said.<\/p>\n<p><strong>Saskatchewan<\/strong> The average home sold for $302,720 (+2.7% y\/y) last month on a total of 1,224 sales (-7.9% y\/y).<\/p>\n<p><strong>Manitoba<\/strong> Sales and prices were up in all of Manitoba\u2019s major markets, led by Thompson which saw its prices jump 17% ($224,100) and sales increase by 75%.<\/p>\n<p><strong>Ontario<\/strong> The most drastic sales decline occurred in the Greater Toronto Area, where the market experienced a 25.3% month-over-month drop. Activity was also down \u201csignificantly\u201d in surrounding areas, including; Oakville, Hamilton, and Barrie. \u201cRecent changes to housing policy in Ontario have quickly caused sales and listings to become more balanced in the GTA,\u201d said CREA President Andrew Peck. \u201cMeanwhile, the balance between supply and demand in Vancouver is tightening up, while many places elsewhere in Canada remain amply supplied.\u201d<\/p>\n<p><strong>Quebec<\/strong> Quebec saw its sales jump 13.4% year-over-year and the average price increase 5% to $299,542.<\/p>\n<p><strong>Atlantic Canada<\/strong> A tale of balanced markets prevails in Eastern Canada. \u201cTo varying degrees, housing markets in \u2026 New Brunswick, Nova Scotia and Prince Edward Island had a breakout year in 2016, with rising sales drawing down previously elevated levels of supply,\u201d CREA said. \u201cSo far this year, more balanced market conditions have remained in all of these regions.\u201d<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Looks like the taxes that the government put in place are having their desired effect.\u00a0 See what is happening across the country with\u00a0regards to home sales. by Justin da Rosa 16 Jun 2017 A cross-Canada glimpse at Canada\u2019s housing performance. Nationally, home sales fell 6.2% in May, which marked the&hellip;<\/p>\n","protected":false},"author":26,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-202008","post","type-post","status-publish","format-standard","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/posts\/202008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/comments?post=202008"}],"version-history":[{"count":0,"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/posts\/202008\/revisions"}],"wp:attachment":[{"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/media?parent=202008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/categories?post=202008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/tags?post=202008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}