The Canadian Mortgage and Housing Corporation (CMHC) is the crown corporation that backs the majority of Canadian mortgage products. They have recently decide to magnanimously share more info about the Canadian mortgage market:
The changes in the CMHC’s disclosure come after some economists had demanded CMHC share more of its information about the market. Among them was CIBC deputy chief economist Benjamin Tal who published a report suggesting that the lack of market information makes its harder to get an accurate picture of the stability of the market.
Read the full article in the Financial Post.
If you’re curious what a market looks like when it’s been falling for a while check out these stats for different areas on the island.
John Cooper of ReMax provides some good stats packages for various Vancouver island markets.
It looks like a lot of the outlying areas and recreational property in BC isn’t doing as hot as it once was.
In Qualicum Parksville, a single condo sold last month.
Hey all, This is my first submission, mostly I lurk in the forum but read this site daily.
I just want to send out a big thank you to everyone who shares otherwise unavailable Vancouver housing market data here.
Watching the stats roll in day after day has been fascinating.
It’s amazing to watch the market change day by day, and the aggregate data provides an even clearer picture.
First of all of course there’s Paulb who’s been providing daily numbers for a long while. It’s thanks to Paul that we see the daily number of new listings, sold properties and have a total inventory count. Pauls website is here.
Then there’s VHB, who consistently posts analysis tracking the numbers through the month. Here’s his most recent post.
We have a new commenter going by the name of HFHC who has been providing other great stats including listing data for the entire lower mainland and a break down of sales by category.
Then there’s Inventory, who’s provided excellent number breakdowns for specific markets as seen in yesterdays post about the low June sales numbers.
And of course everyone else who provides such amazing data, analysis and comments. I started listing your handles, but the list went on and on and I knew I’d leave out some the best so I’m opting to just send out a big general thanks to ALL of you, you’re amazing.