We’re at low risk…

At the end of April, Canadian Home and Mortgage Corporation released updated results of its House Price Analysis and Assessment Framework, a report exploring housing market risk factors in major markets across the country. This report focused on housing market risk factors has overheated markets, acceleration in house prices, overvaluation and overbuilding. The fantastic news…

Canada’s Housing Market compared to Edmonton

The Globe and Mail reported on the national CREA News Release that: “Three consecutive months of mild declines suggest that Canada’s housing market is slowly losing momentum, leading some observers to predict the soft landing that policy makers have been hoping for. The number of homes changing hands continues to run higher than many economists…

Accuracy of Canada’s housing data under scrutiny #yegre #yeg

A recent article in Toronto’s Globe and Mail highlighted a concern raised by housing denier Garth Turner about the accuracy of the housing price statistics released by CREA each month.  You can read the article at http://www.theglobeandmail.com/report-on-business/economy/housing/accuracy-of-canadas-housing-data-under-scrutiny/article15107922/ We thought it would be helpful to clarify how the REALTORS Association of Edmonton records and reports the sales…