US Federal Reserve: Canadian Real Estate Prices Are The Fastest Falling In The World
Canadian real estate prices were the fastest rising in the world, just a few months ago. Now we’re claiming the opposite title, as the market explores where prices should be. Newly released Federal Reserve Bank of Dallas (the Dallas Fed) numbers, show a decline in home prices for the third quarter of 2017. This is the first time in over five years, that Canadian real estate prices have declined for a quarter. Despite the quarterly decline, prices still remain significantly higher than the year before.
US Federal Reserve Home Prices Index
The Dallas Fed publishes home price indexes for academics and researchers. Today we’ll be looking at their Real House Price Index (RHPI). It’s the same concept as the HPI that Teranet and the Canadian Real Estate Association (CREA) produce. In fact, they actually use CREA data to create it. They also combine it with data from Royal LePage, Statistics Canada, and UBC. This helps them get a cleaner, and more comprehensive look at the general market.
The inflation adjusted score tracks the aggregate of urban markets across the country, and is updated quarterly. You won’t be able to use these numbers to determine how much you have to pay for your neighbour’s house. Instead, you should use these to get a better read on national home buying trends, and the economy in general. Housing is a very large industry in Canada, and a slowdown would ripple throughout the economy.
Source: US Reserve Bank of Dallas. Better Dwelling.
Canadian Real Estate Prices Dropped 3.82% In Q3
Canadian real estate prices dropped the most since the early 1990s, according to the the Dallas Fed. Real home prices, a.k.a. home prices adjusted for inflation, fell 3.82% in the third quarter of 2017. The single quarter decline is the first decline since 2012, and the largest since the first quarter of 1991. This is the largest single quarter decline in the world according to the Dallas Fed’s global index. The second largest decline they observed was in Italy, where prices fell 0.38% in the quarter.
https://betterdwelling.com/us-federal-reserve-canadian-real-estate-prices-fastest-falling-world/
[youtube]7R7WyiMAJhs[/youtube]
Toronto Real Estate Prices BIGGEST DROP in 30 YEARS! Interest Rates Are BANKRUPTING People!
Canadian real estate prices were the fastest rising in the world, just a few months ago. Now we’re claiming the opposite title, as the market explores where prices should be. Newly released Federal Reserve Bank of Dallas (the Dallas Fed) numbers, show a decline in home prices for the third quarter of 2017. This is the first time in over five years, that Canadian real estate prices have declined for a quarter. Despite the quarterly decline, prices still remain significantly higher than the year before.
US Federal Reserve Home Prices Index
The Dallas Fed publishes home price indexes for academics and researchers. Today we’ll be looking at their Real House Price Index (RHPI). It’s the same concept as the HPI that Teranet and the Canadian Real Estate Association (CREA) produce. In fact, they actually use CREA data to create it. They also combine it with data from Royal LePage, Statistics Canada, and UBC. This helps them get a cleaner, and more comprehensive look at the general market.
The inflation adjusted score tracks the aggregate of urban markets across the country, and is updated quarterly. You won’t be able to use these numbers to determine how much you have to pay for your neighbour’s house. Instead, you should use these to get a better read on national home buying trends, and the economy in general. Housing is a very large industry in Canada, and a slowdown would ripple throughout the economy.
Source: US Reserve Bank of Dallas. Better Dwelling.
Canadian Real Estate Prices Dropped 3.82% In Q3
Canadian real estate prices dropped the most since the early 1990s, according to the the Dallas Fed. Real home prices, a.k.a. home prices adjusted for inflation, fell 3.82% in the third quarter of 2017. The single quarter decline is the first decline since 2012, and the largest since the first quarter of 1991. This is the largest single quarter decline in the world according to the Dallas Fed’s global index. The second largest decline they observed was in Italy, where prices fell 0.38% in the quarter.
https://betterdwelling.com/us-federal-reserve-canadian-real-estate-prices-fastest-falling-world/
[youtube]7R7WyiMAJhs[/youtube]
Toronto Real Estate Prices BIGGEST DROP in 30 YEARS! Interest Rates Are BANKRUPTING People!
