Section: Real-estate

MARCH 2014 HOUSING STARTS IN QUEBEC

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MARCH 2014 HOUSING STARTS IN QUEBEC -

MARCH 2014 HOUSING STARTS IN QUEBEC

Housing  starts in  Québec's urban centres  were trending at  33,999  units in  March,  compared to  34,195  in  February,  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.

CREA Updates and Extends Resale Housing Forecast

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CREA Updates and Extends Resale Housing Forecast -

CREA Updates and Extends Resale Housing Forecast

National resale housing activity has started 2014 at lower levels, compared to previous years. This in part reflects payback for stronger levels of activity recorded last summer and fall when buyers with pre-approved mortgage financing advanced home purchases before their lower pre-approved rates expired. It also likely reflects the deferral of some activity due to what has been an exceptionally tough winter in many parts of the country.

FEBRUARY 2014 HOUSING STARTS IN QUEBEC

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FEBRUARY 2014 HOUSING STARTS IN QUEBEC -

FEBRUARY 2014 HOUSING STARTS IN QUEBEC

Housing  starts  in  Québec's  urban  centres  were  trending  at  34,112 units  in  February,  compared  to  31,433  in  January,  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.

Building permits, January 2014

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Building permits, January 2014 -

Building permits, January 2014

The total value of building permits issued by Canadian municipalities rose 8.5% to $7.0 billion in January, following a 4.8% decrease in December. The increase in January came from higher construction intentions in the residential sector, which more than offset a decline in the non-residential sector.

Gains were posted in every province in January, except Quebec. Alberta, British Columbia and Ontario registered the largest increases.

Canadian home sales moderate further in January

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Canadian home sales moderate further in January -

Canadian home sales moderate further in January

  • National home sales fell 3.3% from December to January.
  • Actual (not seasonally adjusted) activity stood 0.4% above January 2013 levels.
  • The number of newly listed homes edged up 0.2% from December to January.
  • The Canadian housing market remains in balanced territory.
  • The national average sale price rose 9.5% on a year-over-year basis in January.
  • The MLS® Home Price Index (HPI) rose 4.8% year-over-year in January.