The chart above shows the average detached housing prices for Vancouver, Calgary, Edmonton, Toronto*, Ottawa* and Montréal* (the six Canadian cities with over a million people) as well as the average of the sum of Vancouver, Calgary and Toronto condo (apartment) prices on the left axis. On the right axis is the seasonally adjusted annualized rate (SAAR) of MLS® Residential Sales across Canada.

….continue reading HERE

The Plunge-O-Meter tracks the dollar and percentage losses from the peak and projects when prices might find support. 

….read more analysis on the Plunge-o-Meter HERE

One of the world’s most influential investors — Laurence D. Fink, head of the world’s largest asset fund, BlackRock Inc. — recently declared Vancouver property is not only as good as gold, but better.

“The two greatest stores of wealth internationally today are contemporary art, and apartments in Manhattan, Vancouver and London,” he told a conference of investors in Singapore.

Jonathan Cooper of MacDonald Realty Vancouver says evidence is mounting the city is, in fact, a special market.

…continue reading HERE

A home purchased for $100,000 in Windsor in 2010, rented for five years and sold in 2015 would earn returns of 27 per cent.

…read the other cities HERE

This is a list of the nine markets that had prices jump more than 7% year-over-year based on data from the Global Property Guide.  Five of the nine countries were from Europe, with Ireland leading the way:

1) Ireland

“The Irish economy is now the fastest-growing economy in the EU, with GDP growth of 4.8% last year.”

 

For the expectations of how much the Irish economy is expected to grow in 2015 and 2016, more analysis on Ireland and the other 8 “hot” markets continue reading HERE

New numbers from the Teranet National Bank House Price Index show house prices jumped in May from the previous month, cooling talk from analysts and industry economists who have long warned of overvaluation of Canadian home prices.

“The 0.9 per cent rise was slightly below the May average of 1.1 per cent over the last 14 years,” the report reads. “This was because Calgary prices fell 3.3 per cent from April, the largest monthly drop recorded for that region, subtracting 0.3 percentage points from the gain of the composite index.”

The news comes as the drop for Calgary house prices dipped to its lowest since April of last year, while all 10 of the other metropolitan markets saw significant increases, a sign that Alberta is naturally still dealing with concerns about oil prices and impending decisions from the NDP government that are sure to affect the housing market.

Prices were up 2.3 per cent in Halifax, 1.6 per cent in Toronto and Montreal, 1.5 per cent in Ottawa-Gatineau, 1.3 per cent in Vancouver and 0.9 per cent in Quebec City. Hamilton saw a 0.6 per cent rise as did Edmonton, with a 0.5 per cent rise in Victoriaand a 0.2 per cent rise in Winnipeg.

For the first time in nine months, Ottawa finally recorded a modest price increase, while cities east of Toronto witnessed a sharp rise in prices last month.

“This suggests that these markets are stimulated by historically low mortgage rates,” the report reads.

“The composite index was at an all-time high in May, as were the indexes of four of the 11 markets surveyed – Toronto, Vancouver, Hamilton and Quebec City.”