Record construction with falling prices

Mo’ houses, mo money?

Canada Mortgage and Housing (CMHC) reported that Metro saw developers start construction on 28,141 new homes in 2019, up 20 per cent from 2018, with a substantial number of those, some 6,727, purpose-built rental units.

The CMHC report came out on the same day that Royal LePage released its latest house-price survey showing that aggregate home prices across the region declined 4.8 per cent in the fourth quarter of 2019 but in a market showing signs of recovering sales.

Read the full article here.

Friday Free-for-all! January 17th 2020

Happy Friday!

Let’s kick off a new thread – here are a few recent news links:

Never had so much construction
2020 property assessment takes another tumble
Who’s cheering the drop in prices?
$1 million mansion with a pool
Sunshine Coast for a loonie and a toonie
Detached sales dip lower than ’08/’09

So what are you seeing out there? Post your news links, thoughts and anecdotes in the comments below and have an excellent weekend!

Friday free-for-all! Dec 13th 2019

It’s the end of another week and a lucky Friday the 13th, lets do an open topic discussion thread for the weekend!

here are a few recent links to kick off the chat:

So what are you seeing out there? Post your news links, thoughts and anecdotes in the comments below and have an excellent weekend!