The consensus seems to be that 2018 will experience a drop in detached home prices while condo prices rise.
All in Real Estate
New Mortgage Stress Test – The Impact to Home Buyers
The new mortgage stress test which came into effect January 1st makes it more difficult for Canadians to qualify for a mortgage, and the combination of rising rates and the new stress tests could force home buyers to come up with significantly higher down payments than 2017.
Full Steam Ahead! – Metro Vancouver 2018 Home Price Forecasts
The consensus seems to be that 2018 will see more price gains than 2017, and that detached house prices will stay relatively flat while condo prices rise continue to climb.
Montreal Real Estate Forecast – Catching fire?
A conservative forecast by CMHC in October predicted Montreal real estate prices would continue to rise at a healthy rate of 4% annually. If Montreal homes catch the attention of speculators and foreign investors then that growth rate could quickly hit 8%.
Calgary Real Estate Forecast – Out of the Woods?
Today the price of oil is around $50 per barrel and Scotiabank recently forecast it would remain relatively unchanged into 2019. Employment in Calgary has stabilized and the city is expected to see population growth in 2018. For the foreseeable future, the Calgary real estate market is expected to be more balanced than before but there are a couple of key risks in this market.
Vancouver Real Estate – West Coast Express to Affordability?
At the end of November, Vancouver city council voted to adopt a new 10 year housing strategy. Honestly, what took so long? Vancouver real estate has been too expensive since 2010, and started being referred to in the media as a crisis in 2015.