Tag Archive: crea


Historically Bad Housing Numbers

Mortgage Report – Weekend Edition Prices Tumble in April: The national average home price in Canada has plunged almost 10% in one month (April). That’s never happened before in CREA data going back to 1980. The next closest month-over-month drop was -7.6% in April 1989. The data was skewed partly by the GTA’s 11.8% nose-dive. Home Inventories Skyrocket: The total...

How Mortgage Payments Could Rise in 2020

6.2%. That’s how much Canada’s average home price could rise in 2020, according to CREA. The national average home price is already up 8.4% in the last 12 months. A country-wide average doesn’t tell the whole story, of course. The Prairies and Newfoundland are seeing much softer markets. And,¬†economists’ 2020 consensus price growth estimate is just 3%. But given we’re...