Home prices up 16% in June for largest 12-month gain on record
7/21/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Canadian home prices increased in June to mark the largest 12-month gain on record as prices climbed in all 11 markets, says the Teranet National Bank composite price index. ...
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Housing market continues to moderate in June
7/15/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down between May and June 2021. ...
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Canadian home price forecast revised upward to 16% as roaring spring market eases into summer
7/14/2021 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Royal LePage is forecasting that the aggregate price of a home in Canada will increase 16 per cent to $771,500 in the fourth quarter of 2021, compared to the same quarter last ...
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BoC on Canadians' home purchase plans in the next 12 months
7/9/2021 | Posted in Canadian Housing Market by Jessi Sandhu
A growing number of Canadians, particularly renters, are planning to buy a home in the next 12 months amid the national economy’s steady recovery, according to a new ...
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Millennials vs. baby boomers: Why the cost of living has skyrocketed for young Canadians
6/28/2021 | Posted in Canada Living by Jessi Sandhu
A look at why the hot housing market is out of reach for young Canadians ...
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Is Canada headed for a post-pandemic housing bubble?
6/23/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Market observers are pointing to alarming trends that are stoking fears of Canada’s housing market entering a bubble in the near future. ...
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6/22/2021 | Posted in Canadian Housing Market by Jessi Sandhu
The country plans to welcome more than 1.2 million newcomers over a three-year period starting in 2021. ...
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Canadian mortgage debt grew by $18 billion in April, biggest monthly gain ever
6/19/2021 | Posted in Financial Health by Jessi Sandhu
Canadians now owe almost $2 trillion in mortgage and home equity line of credit debt combined ...
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Housing market continues to moderate in May
6/15/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and new listings were both down between April and May 2021. ...
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Canada Household Net Worth Advances on Record Real-Estate Gain
6/11/2021 | Posted in Canada Living by Jessi Sandhu
The net worth of Canadian households rose sharply in the first quarter, as the value of residential real estate accelerated by a record amount in the three-month period. ...
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No 'soft landing' coming for Canadian housing market until 2022: RBC
6/10/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Canada's housing market has more firepower than some economists had imagined heading into 2021 and its performance through the first half of the year has Canada's biggest ...
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Bank of Canada says real estate is 'expected to moderate but remain elevated'
6/10/2021 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
The Bank of Canada is cautiously optimistic about the country's economic recovery as vaccines continue to roll out and spending rebounds. ...
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What's happening with house price growth in Canada?
6/10/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Canadian home prices are likely to grow by an average of 5% in the next half-year or so, but, surprisingly, the largest gains will not be in Toronto, nor in Vancouver, according ...
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Bank of Canada warns of rising risks from household debt, and a hot housing market
5/21/2021 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
The Bank of Canada says its concerns are mounting that households are piling on too much debt and posing what the central bank says is a key vulnerability to the economy. ...
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Canada's home sales fall from record as COVID lockdowns bite
5/18/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Canadian home sales fell from a record in April as a resurgence of COVID-19 cases and lockdown measures slowed the country’s red hot housing market. ...
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Housing market moderates in April compared to March
5/17/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down from March to April 2021. ...
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Freaked-out Canadians open to rate hikes to cool hot housing market
5/12/2021 | Posted in Home Buyers by Jessi Sandhu
Canadians are so alarmed by the red-hot housing market that many say they’d like to see the central bank raise the cost of borrowing to dampen demand for real estate and ...
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CMHC predicts what will happen to Canada house prices this year
5/8/2021 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Canada Mortgage and Housing Corp. says the average home price could rise by as much as 14% this year, but the pace of sales could moderate by the end of 2023 if broad immunity to ...
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How Canadians are paying for the pandemic's gravity-defying housing market
5/5/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Housing affordability in Canada has declined the most in two years ...
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House Price Growth to Cool by End of Year: TD
5/1/2021 | Posted in Canadian Housing Market by Jessi Sandhu
TD Bank is forecasting that home prices have further to rise yet before finally starting to lose steam by the end of the year. ...
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4/24/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Louis Vachon says further analysis needed to understand if housing market trends are permanent ...
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More supply needed to ease housing price crunch, but always more to do, Freeland says
4/23/2021 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Finance Minister Chrystia Freeland says the country needs a boost in the supply of housing to help make prices more affordable, but suggests there may be other steps governments ...
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High Home Prices a Growing Obstacle for First-Time Buyers
4/20/2021 | Posted in First Time Home Buyers by Jessi Sandhu
The ongoing surge in home prices across the country is discouraging a large number of young non-homeowners, many of whom say they’re giving up on the dream of homeownership ...
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Canadian housing starts increased in March
4/19/2021 | Posted in Canadian Housing Market by Jessi Sandhu
The trend in housing starts was 273,664 units in March 2021, up from 252,636 units in February 2021, according to Canada Mortgage and Housing Corporation (CMHC). ...
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New housing measures risk "unintended consequences": TD
4/16/2021 | Posted in Canadian Housing Market by Jessi Sandhu
In a report to clients Thursday, TD Senior Vice-President and Chief Economist Beata Caranci said that ultimately, rock-bottom interest rates are to blame and warned against any ...
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Canadian housing market has hottest month ever
4/16/2021 | Posted in Canadian Housing Market by Jessi Sandhu
The Canadian housing market hit a new record with more properties changing hands in March than any month in history, as sky-high prices lured more homeowners to try to cash in. ...
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Record home sales in March 2021, new supply increases
4/15/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in March 2021 as increased supply became available. ...
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CIBC CEO urges action on increasing rental housing supply
4/15/2021 | Posted in Rental Market by Jessi Sandhu
Canadian policy makers need to take steps to increase housing supply, particularly rental stock, according to the chief executive officer of Canadian Imperial Bank of Commerce. ...
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36% of young Canadian adults have given up on owning home: RBC survey
4/13/2021 | Posted in First Time Home Buyers by Jessi Sandhu
Real estate prices in many Canadian cities have climbed to all-time highs during the pandemic, so it should come as no surprise that some Canadians appear ready to give up on ...
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Canadian home prices forecast to end year 13.5% higher than 2020
4/13/2021 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
The aggregate price of a home in Canada increased 14.1 per cent year-over-year to $749,165 in the first quarter of 2021, as strong demand continues to outpace supply in ...
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