Find your dream condo, The easy way...

2015 - Condo Market Report

Real Estate Trends in Canada 2015

This is a summary of a bi-annual market report on the housing market in Canada. It includes national statistics, charts, reviews and forecasts. The report also features quotes and data from leading Canadian housing analysts and a specific focus on certain census metropolitan areas including Toronto, Calgary, Edmonton, Ottawa and Winnipeg. The highlights for the 2015 Canadian housing market are as follows:

 

- Less than 15% of Canada’s leading housing analysts believe that existing house prices across Canada will decrease as a result of declining oil prices

Following the fortuitous decline of oil prices since December, it is being speculated that the oil price drop will have an impact on Alberta real estate but not on the rest of Canada. In January earlier this year, leading Canadian analysts and economists took a survey regarding the Canadian real estate market and only 12% felt declining oil prices would result in a decrease in housing prices nationally although 31% felt Alberta’s housing market will be negatively impacted.

 

- According to RBC Global Asset Management, house prices in Canada are 4% cheaper than they should be

In November 2014, RBC Global Asset Management published a report calculating that house prices in Canada are 4% cheaper than they should be based on a House Price to Carrying-Cost Ratio. RBC also asserted that the other popular two-variable valuation studies including the Canadian home price-to-rent ratio and house price-to-income ratio have limited predictive power and can be misleading.

 

- 63% of housing analysts in Canada do not predict a major correction for the housing market between now and 2019

According to some of the top real estate economists and housing analysts in Canada, there is a less than 5% chance of a drop in Canadian house prices between the year-end 2014 pricing levels and 2019.

 

- The Bank of Canada does not believe there overbuilding in Canada

According to RBC Global Asset Management, the Canadian economy needs 200,000 housing starts per year to match the demographic demand, a number slightly lower than the 2014 result of 185,000 new primary residential units.

Find all Toronto, Mississauga, Etobicoke, North York, Vaughan, Richmond Hill, & Oakville Condos!

 


Condo Royalty is a 100% transparent Real Estate platform for all new Condo projects & Town homes for sale in the GTA

Search, Download and Share Condo Price lists, Floor plans, Videos, Pictures, Facts and Compare new Condominium & Townhouse developments all in one website.

 

Toronto New Condos

If you are looking to buy a condo or townhouse, new or resale - finding the right place to invest or live is easy to do on CondoRoyalty.ca

 

Pre-Construction Condos

Get real VIP access to secret builder events for new pre-sale condominium and townhouse developments. You can leverage the power of thousands of Royalty Members to get you the best selection of available units with great incentives. Sign up with us and get a builder representative to contatct you within 15 minutes.

 

By - Bio - Editor in Cheif Condo Royalty - About

 

Disclosure: CondoRoyalty, this website and commentary herein are provided solely for the purpose to openly provide information to the public. The content of this website is for informational and conceptual purposes only. Prices, specifications and architectural renderings are subject to change without notice. E. &O.E. Illustrations are artist's concept.

CondoRoyalty is a open platform to share information to the public and does not provide any real estate, brokerage, appraisal, mortgage, legal or any other real property related services. Please consult a qualified professional before making any financial decisions. If you are dissatisfied with this website or with this agreement, your sole and exclusive remedy is to discontinue using this website. Please refer to our Privacy Policy and Legal Disclaimer for reference.