Canadian home sales rise in February despite drop in new supply
3/15/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up on a month-over-month basis in February 2023. ...
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Bank of Canada keeping options open but could be done on hikes: CIBC's Tal
3/9/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The central bank has left its policy rate untouched for the first time in over a year ...
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The end is nigh for Canada's housing market downturn, RBC reports
3/8/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Royal Bank of Canada (RBC) has published its report and outlook on the country’s housing market and sees the market downturn headed towards its conclusion. ...
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'Record-high number' of Canadians don't think they'll ever afford a home: survey
3/7/2023 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
As home prices and interest rates remain elevated, a record number of non-homeowners think they’ll never afford a house, according to a new survey. ...
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Canada's housing market to see listings fall in first quarter, before rebounding: TD
2/10/2023 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
A new report says Canada's housing market will see new listings fall in the first quarter before rebounding later in the year and then, slowing to a more modest growth pace in ...
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What's next for fixed mortgage rates in Canada?
2/8/2023 | Posted in Real Estate News by Jessi Sandhu
A recent dip in GoC bond yields has provided some welcome relief – but more twists and turns could be ahead ...
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Investors made up 20-30% of home purchases during the pandemic: StatCan
2/7/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Investors made up between one-fifth and one-third of home purchases in 2020, according to new data from Statistics Canada. ...
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Canadian inflation set to ease amid rapid cooling of housing market
1/30/2023 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
But the Bank of Canada has a tricky balancing act that cannot decimate real estate. ...
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Canadian home sales edge up to end 2022
1/16/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up on a month-over-month basis in December 2022. ...
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1/14/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Home prices in Canada likely won't drop much further due to the country's ongoing shortage of new homes, even as rising interest rates curb some demand in the market, the ...
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1/13/2023 | Posted in Canadian Housing Market by Jessi Sandhu
National aggregate home price posts single-digit year-over-year decline in Q4 over 2021; double-digit growth compared to 2020 and 2019 ...
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What to Expect From Canadian Real Estate in 2023
1/3/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu
Despite a strong start to the year, real estate in 2022 was largely defined by a lack of affordability, spurred by one of the most polarizing interest rate hike cycles in Bank of ...
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Canada's two-year housing ban on foreign homebuyers takes effect
1/4/2023 | Posted in Foreign Buyers by Jessi Sandhu
Is federal policy the answer to the country's years-old housing affordability crisis? ...
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Regulations for ban on foreign homebuyers announced, law coming into effect Jan. 1
12/22/2022 | Posted in Foreign Buyers by Jessi Sandhu
Starting in the new year, foreign commercial enterprises and people will be prohibited from purchasing residential properties in Canada for two years. ...
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A $200,000+ income is now needed to qualify for an average mortgage in Toronto & Vancouver
12/20/2022 | Posted in Home Buyers by Jessi Sandhu
High home prices and rising interest rates over the course of 2022 have made it significantly harder for buyers to qualify for the average mortgage. ...
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Canadian home sales edge down from October to November
12/15/2022 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month-over-month basis in November 2022. ...
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Long-term prospects for Canadian home prices are positive
12/13/2022 | Posted in Canadian Housing Market by Jessi Sandhu
The decline in national home prices this year will not turn into a prolonged downfall like the one that happened in the early 1990s. ...
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There have never been so many renters in Canada, RBC report says
12/7/2022 | Posted in Rental Market by Jessi Sandhu
Royal Bank of Canada economists say the country has reached a record number of renters as the number of people renting has increased at three times the rate of homeowners in the ...
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Despite price drop, is the Canadian housing market rebounding?
11/16/2022 | Posted in Canadian Housing Market by Jessi Sandhu
Sales data shows some positive signs and Scotiabank believes the market could be on course for better days ahead. ...
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Canadian home sales edge up from September to October
11/15/2022 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged a little higher in October 2022. ...
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Feds reveal plan to welcome 500,000 immigrants per year by 2025
11/1/2022 | Posted in Canada Living by Jessi Sandhu
The federal government is planning a massive increase in the number of immigrants entering Canada, which will have a huge effect on the real estate market. ...
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Teranet-National Bank House Price Index sees another record monthly decline in September
10/20/2022 | Posted in Canadian Housing Market by Jessi Sandhu
In September, the seasonally adjusted composite index fell by 2.0%, matching the previous month’s record decline and representing a fifth consecutive monthly contraction. ...
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Annual pace of housing starts up in September, hitting highest level since Nov. 2021
10/18/2022 | Posted in Canadian Housing Market by Jessi Sandhu
Canada Mortgage and Housing Corp. says the annual pace of housing starts in September rose to the highest level since November 2021. ...
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Canadian home sales soften again from August to September
10/14/2022 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in September 2022. ...
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CMHC makes huge house price drop prediction
10/14/2022 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Canada Mortgage and Housing Corp. is predicting housing prices will continue to drop in 2023, but is warning the fall will do little for affordability. ...
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TD expects steeper home price drop in early 2023 than initial forecast
10/11/2022 | Posted in Canadian Housing Market by Jessi Sandhu
TD Economics has revised its housing forecast to account for even steeper price declines in early 2023 and then slower growth for the remainder of the year. ...
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Housing market correcting, not crashing: RBC economist
10/7/2022 | Posted in Canadian Housing Market by Jessi Sandhu
While home prices across Canada are projected to fall further into the early part of next year, the housing market is in the midst of a correction rather than a crash, according ...
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Nearly 1 in 5 Canadians putting off buying a home due to inflation, high interest rates: survey
10/4/2022 | Posted in Home Buyers by Jessi Sandhu
With high inflation and rising interest rates, a new survey has found nearly one in five Canadians say they're putting off buying a home. ...
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Canada cuts home price outlook
9/30/2022 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Canada’s national housing agency plans to revamp its forecasts to call for a drop of as much as 15% in home prices, as higher mortgage rates threaten to cause a protracted ...
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Foreign buyers' ban proposals: private lending association reacts
9/29/2022 | Posted in Foreign Buyers by Jessi Sandhu
Proposals by the federal government to restrict foreign access to the Canadian housing market run the risk of complicating mortgage financing while not adequately addressing the ...
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