A Canada housing crash? Don't count on it, says RBC economist
5/25/2022 | Posted in Canadian Housing Market by Jessi Sandhu
"This is more likely to be a soft landing than a severe correction or some kind of crash or meltdown" ...
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Residential Market - Lingering heat in the housing market
5/19/2022 | Posted in Canadian Housing Market by Jessi Sandhu
Canada’s housing market is cooling down but it is still hotter than the long-term average and will likely stay that way for the next couple of years. ...
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Home prices fall for the second straight month to an average of $746,146
5/17/2022 | Posted in Canadian Housing Market by Jessi Sandhu
The average price for a house in Canada fell for the second straight month in April, posting a 12.6% decline from March. ...
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National home sales drop over 12% in April as higher rates kick in
5/17/2022 | Posted in Canadian Housing Market by Jessi Sandhu
After two years of red-hot market activity, higher borrowing costs are causing a cool down in Canada’s feverish real estate markets during the traditionally busy spring ...
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BMO: Despite surging prices, homebuying interest is actually rising
4/26/2022 | Posted in Real Estate News by Jessi Sandhu
Canadian household budgets are being squeezed tight but buying a home remains on the wish list ...
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Big Banks Raise 5-Year Fixed Rates Above 4%
4/25/2022 | Posted in Interest Rates by Jessi Sandhu
Most of the country's big banks are now advertising special-offer 5-year fixed rates above 4%. ...
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Forced selling may be headed for Canada's housing market
5/2/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
A sharp rise in joblessness, combined with the bust-out of the short-term rental market, will send Canadian house prices down in the short term, some market experts are saying. ...
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Home prices have some support despite sales slowdown
4/26/2020 | Posted in Canadian Housing Market by Jessi Sandhu
The national market can still provide some impetus for home price growth despite declining sales, according to Royal Bank of Canada Senior Economist Robert Hogue. ...
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Home prices could fall 5% amid pandemic
4/21/2020 | Posted in Canadian Housing Market by Jessi Sandhu
Canadian home prices could fall a “relatively modest” five per cent by July as some owners are forced to sell in the face of the economic hardship brought on by ...
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Canada braces for higher mortgage defaults
4/21/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis of ...
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Pandemic Throws Housing Market off Course
4/16/2020 | Posted in Canadian Housing Market by Jessi Sandhu
The outlook on the Canadian housing market: RBC ...
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Consumer confidence is suffering an unprecedented decline
4/15/2020 | Posted in Canada Living by Jessi Sandhu
Nearly four-fifths of Canadians expect the economy to worsen over the next few months. ...
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Canadian home sales and listings down in March
4/15/2020 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and listings were down sharply between February and March 2020. ...
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National Home Prices to Show Remarkable Resilience in 2020
4/14/2020 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
According to the Royal LePage House Price Survey and Market Survey Forecast released today, the aggregate price of a home in Canada is expected to remain remarkably stable through ...
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Canadian housing starts declined in March
4/8/2020 | Posted in Canadian Housing Market by Jessi Sandhu
The trend in housing starts was 204,717 units in March 2020, compared to 209,109 units in February 2020, according to Canada Mortgage and Housing Corporation (CMHC). ...
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Canadian Home Sales Brace for 30% Drop on Virus
4/2/2020 | Posted in Canadian Housing Market by Jessi Sandhu
Real estate listings are drying up, open houses have been canceled, and buyers are staying home. ...
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Canada set for muted spring home-selling season as coronavirus saps sentiment
3/21/2020 | Posted in Canadian Housing Market by Jessi Sandhu
Realtors across Canada are kicking off the busy spring selling season with the unprecedented step of cancelling open houses, moves that could contribute to slower-than-forecast ...
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Canadian consumer confidence takes unprecedented slump
3/19/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
A measure of Canada’s consumer confidence has reported its biggest drop ever amid the COVID-19 pandemic. ...
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Is coronavirus about to prompt a house price crash?
3/17/2020 | Posted in Canadian Housing Market by Jessi Sandhu
RBC senior economist Robert Hogue gives his latest housing market assessment ...
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Canadian home sales up in February
3/16/2020 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up between January and February 2020. ...
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Canadian housing starts declined in February
3/9/2020 | Posted in Canadian Housing Market by Jessi Sandhu
The trend in housing starts was 208,525 units in February 2020, compared to 211,153 units in January 2020, according to Canada Mortgage and Housing Corporation (CMHC). ...
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Coronavirus-driven rate cut could add kerosene to Canada's housing market
3/4/2020 | Posted in Canadian Housing Market by Jessi Sandhu
Lower mortgage rates likely to offset any major drag from a global outbreak ...
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CMHC says housing vulnerability moderate, Toronto and Hamilton overheating
2/21/2020 | Posted in Canadian Housing Market by Jessi Sandhu
Canada’s housing market remains moderately vulnerable, while Toronto and Hamilton are seeing overheating and price acceleration, but that overvaluation seems to remain low ...
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Immigration continues to supercharge the engines of Canadian housing
2/19/2020 | Posted in Canadian Housing Market by Jessi Sandhu
The pace of inbound immigration to Canada – cited as the fastest among the G7 nations – is driving an unprecedented housing boom. ...
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Canadian home sales down in January
2/15/2020 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined between December 2019 and January 2020. ...
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2/13/2020 | Posted in Rental Market by Jessi Sandhu
The average rent for a two-bedroom apartment in big cities increased by 3.9%, clocking the fastest growth since 2001. ...
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Focus on housing supply, not the mortgage stress test, says Scotiabank CEO
2/5/2020 | Posted in Canadian Housing Market by Jessi Sandhu
The chief executive of the Bank of Nova Scotia says Canada’s housing market needs more supply, not a major change to the mortgage stress test. ...
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Canadian home sales inch lower in December
1/15/2020 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales eased between November and December 2019. ...
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Canadian housing starts trended lower in December
1/10/2020 | Posted in Canadian Housing Market by Jessi Sandhu
There was a decline in the 6-month moving trend in Canadian housing starts in December. ...
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CEO of Canada's biggest bank calls for caution as Ottawa considers adjusting mortgage stress test
1/8/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu
Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ...
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