Teranet : Everything you need to know

Teranet : In the news

• Key trends indicate slower housing market for rest of 2020

  Lower overall demand will impede the housing sector’s recovery over the next few years

• Reduced selling will propel post-COVID-19 recovery – TD Economics

  National home sales have slid deeply since the virus took hold in March

• Slower price growth to become more pronounced

  The precipitous drops in sales activity and new listings will be major factors, Teranet predicts

• February home prices up 0.4%

  Seven out of 11 major metropolitan markets recorded increases

• National home price growth largely propelled by Eastern Canada

  Overall slower price growth might prove beneficial for wealthier, more confident buyers, however

• Montreal vis-à-vis Calgary shows the wide variance in Canadian markets

  The nation's strongest housing markets are moderated by the impact of Western Canada

• The national housing market saw muted price growth last month

  Slowdown was mainly due to the tempering influence of Halifax and Winnipeg

• Ownership registry to help stamp out money laundering in housing

  This is the best place to start in fighting off the influence of illicit foreign money

• Vancouver housing sales accelerate in September

  The market is steadily moving towards more balanced conditions

• Vancouver prices suffer decline while much of Canada goes up

  Over the past few months, the market’s housing prices have crept down