Section: Real-estate

New Housing Price Index, April 2016

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New Housing Price Index, April 2016 -

New Housing Price Index, April 2016

The New Housing Price Index (NHPI) rose 0.3% in April, following a 0.2% increase in March. This was the largest monthly advance since October and was mainly driven by new housing prices in Ontario.

Of the metropolitan areas covered by the index, the top contributor to the national increase in April was the combined region of Toronto and Oshawa (+0.7%). Builders cited market conditions as the main reason for the advance.

Canadian home sales drop in May following April’s record

Published on by Communication service

Canadian home sales drop in May following April’s record -

Canadian home sales drop in May following April’s record

  • National home sales dropped 2.8% from April to May.
  • Actual (not seasonally adjusted) activity was up 9.6% compared to May 2015.
  • The number of newly listed homes fell 3.2% from April to May.
  • The MLS® Home Price Index (HPI) rose 12.5% year-over-year in May.
  • The national average sale price climbed 13.2% in May from one year ago; net of Greater Toronto and Greater Vancouver, it advanced 9.1% year-over-year.

Building permits, April 2016

Published on by Communication service

Building permits, April 2016 -

Building permits, April 2016

The value of building permits issued by municipalities edged down 0.3% to $6.9 billion in April. This marked the second consecutive monthly decline and was largely the result of lower construction intentions in Ontario, Quebec and Nova Scotia.

The value of residential permits declined 1.8% to $4.3 billion in April. The decrease in the value of multi-family dwelling permits more than offset the gain posted by single-family homes. Declines were reported in six provinces, led by Ontario, followed by Quebec and Nova Scotia.

MAY 2016 HOUSING STARTS IN QUEBEC

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MAY 2016 HOUSING STARTS IN QUEBEC -

MAY 2016 HOUSING STARTS IN QUEBEC

Housing starts in Quebec were trending at 32,516 units in May, compared to 31,662 units in April, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

Canadian home sales set record in April

Published on by Communication service

Canadian home sales set record in April -

Canadian home sales set record in April

Highlights:

  • National home sales rose by 3.1% from March to April.
  • Actual (not seasonally adjusted) activity was up 10.3% compared to April 2015.
  • The number of newly listed homes was little changed (-0.2%) from March to April.
  • The MLS® Home Price Index (HPI) rose 10.3% year-over-year in April.
  • The national average sale price climbed 13.1% in April from one year ago; net of the Greater Toronto Area and Greater Vancouver, it was up by 8.7% year-over-year.