This month, prices have almost reached $1.1M, a 22% increase year-over-year with a 95% increase in transactions. What started off as a bright year for the housing market … 2021 Reports. NAR, CAR, Corelogic, Wall Street Journal, Financial Post, BlackKnight, Freddie Mac, Tradingeconomics, Statista, and more industry sources. “For the last 30 years we haven’t seen a sellers market like this,” said Troy Vaillancourt, owner of Century 21 in Cornwall. Why the Canadian Housing Market Is Soaring in the Pandemic In Toronto this week, a rundown, one-car garage sold in three days for 729,000 Canadian dollars, or $576,000. Housing market will feel effect of COVID-19 until 2022, CMHC says. Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered 32,748 units in March 2021. Save to My Data Library Close. Taylor Borden. We've made real estate data like average house prices, housing inventory, and days on market readily available to you. Ontario, Canada’s largest province by population, is often thought to have its priciest real estate, too – a common perception, considering the province is home to the Toronto housing market, a city reportedly so hot that it boasts price growth challenging that of Vancouver. However, using the SARS impact on the Canadian housing market as a baseline, there is hope that any dips will be moderate, and not long term. Ontario — Rental Market Statistics Summary by Metropolitan Areas, Census Agglomerations and Cities . Housing starts will likely see a decline of 51% to 75% in the second half of 2020 from pre-COVID-19 levels before starting to recover in the first half of 2021 as economic conditions improve. The housing market entered the spring selling season on a high, with sales across the country up 25 per cent from February 2019. The average sale price of a home in Ontario was $518K last month, up 12.5% since last year. 2021 National Housing Market Forecast and Predictions: Back to Normal To say 2020 was a year of surprises is an extreme understatement. RE/MAX is calling for a levelling out of the highs and lows that characterized the Canadian housing market in 2019, particularly in Vancouver and Toronto, as we move into 2020. While home prices never declined, they were flat this time last year. Toronto and Vancouver home resales surged about 44 per cent from the same month a year ago, while Montreal’s were up about 23 per cent. Ottawa, ON, April 15, 2021 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in March 2021 as increased supply became available. Doug Yearwood, a PhD student at Queen’s who advocates on behalf of the Katarokwi (Kingston) Union of Tenants, says that Kingston’s housing system needs to be fundamentally restructured, as it focuses too much on market housing and not enough on non-market and social housing. Toronto continues to be a sellers’ market with low listing inventory and high demand. To access Steve's slides, please click on the following link. Ontario is the only province in the country that isn’t projected to see an increase in housing sales activity through 2021, according to the Canadian Real Estate Association’s (CREA) updated forecast for the year ahead. With Ontario being one of the hardest-hit provinces in Canada, markets like Niagara, Mississauga and Kitchener-Waterloo experienced significant drops in activity, but bounced back aggressively in June as economies began reopening. Homes in Ontario receive 5 offers on average and sell in around 32 days. Ontario’s new Transit-Oriented Communities Act, which aims to rethink the relationship between transit, housing and commercial spaces, could facilitate this movement. The housing market in Hamilton remains "vulnerable," as do the markets in Toronto, Vancouver and Victoria, B.C., according to Canada Mortgage and Housing Corporation. Housing Market Indicators. Actual (not seasonally adjusted) activity was up 76.2% year-over-year (y-o-y). These 20 housing crash factors will leave the housing market vulnerable to a big correction and a slide that cascades into a full blown real estate market crash. It provides insights, analysis and information to support informed decision making within the housing and housing finance sectors. This was up sharply by 84.3% from March 2020. “@SBarlow_ROB BMO: In Chatham, … housing market Ontario videos and latest news articles; GlobalNews.ca your source for the latest news on housing market Ontario . Summary: National home sales rose 5.2% on a month-over-month (m-o-m) basis in March. The London and St. Thomas Association of Realtors (LSTAR) released numbers Friday showing that the housing market remained steady in March but warned that the market … https://bit.ly/2DukYo3 A housing market where people with decent household income get priced out of Chatham is not sustainable for long. Housing Market Insight addresses special topics related to housing In Canada. Here's 20 reasons why the unthinkable could happen. Building Permits: Interactive Dashboard New; Residential Property Price Index Data Visualization Tool Prices of new homes in Canada rose by 1.9 percent from the previous month in February of 2021, the most since February 1989. Realtor.com's market data for the week ending April 10, 2021, shows that the median home price of all the listings increased by 18.7% over last year, notching the 35th consecutive week of double-digit price growth. Save. Housing Market Stats > ... 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