Jessi Sandhu - Your Brampton Real Estate Agent
Canadian Housing Market News and Articles | My Blog

A Canada housing crash? Don't count on it, says RBC economist

5/25/2022 | Posted in Canadian Housing Market by Jessi Sandhu

sold-home-for-sale-260.jpg - Real Estate News "This is more likely to be a soft landing than a severe correction or some kind of crash or meltdown" ... More


Residential Market - Lingering heat in the housing market

5/19/2022 | Posted in Canadian Housing Market by Jessi Sandhu

cmhc-news-7.jpg - Real Estate News 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. ... More


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

sold-home-for-sale-260.jpg - Real Estate News The average price for a house in Canada fell for the second straight month in April, posting a 12.6% decline from March. ... More


National home sales drop over 12% in April as higher rates kick in

5/17/2022 | Posted in Canadian Housing Market by Jessi Sandhu

home-for-sale-ontario-canada-131.jpg - Real Estate News 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 ... More


BMO: Despite surging prices, homebuying interest is actually rising

4/26/2022 | Posted in Real Estate News by Jessi Sandhu

home-buyers-447.jpg - Real Estate News Canadian household budgets are being squeezed tight but buying a home remains on the wish list ... More


Big Banks Raise 5-Year Fixed Rates Above 4%

4/25/2022 | Posted in Interest Rates by Jessi Sandhu

big-6-banks-canada-317.jpg - Real Estate News Most of the country's big banks are now advertising special-offer 5-year fixed rates above 4%. ... More


Forced selling may be headed for Canada's housing market

5/2/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

home-for-sale-ontario-canada-131.jpg - Real Estate News 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. ... More


Home prices have some support despite sales slowdown

4/26/2020 | Posted in Canadian Housing Market by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News 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. ... More


Home prices could fall 5% amid pandemic

4/21/2020 | Posted in Canadian Housing Market by Jessi Sandhu

home-for-sale-ontario-canada-131.jpg - Real Estate News 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 ... More


Canada braces for higher mortgage defaults

4/21/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

laptop-research-453.jpg - Real Estate News 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 ... More


Pandemic Throws Housing Market off Course

4/16/2020 | Posted in Canadian Housing Market by Jessi Sandhu

business-meeting-notes-105.jpg - Real Estate News The outlook on the Canadian housing market: RBC ... More


Consumer confidence is suffering an unprecedented decline

4/15/2020 | Posted in Canada Living by Jessi Sandhu

worried-businessman-346.jpg - Real Estate News Nearly four-fifths of Canadians expect the economy to worsen over the next few months. ... More


Canadian home sales and listings down in March

4/15/2020 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and listings were down sharply between February and March 2020. ... More


National Home Prices to Show Remarkable Resilience in 2020

4/14/2020 | Posted in Canadian Housing Market Predictions by Jessi Sandhu

housing-market-concept-image-262.jpg - Real Estate News 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 ... More


Canadian housing starts declined in March

4/8/2020 | Posted in Canadian Housing Market by Jessi Sandhu

housing-starts--new-developments-454.jpg - Real Estate News 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). ... More


Canadian Home Sales Brace for 30% Drop on Virus

4/2/2020 | Posted in Canadian Housing Market by Jessi Sandhu

real-estate-information-249.jpg - Real Estate News Real estate listings are drying up, open houses have been canceled, and buyers are staying home. ... More


Canada set for muted spring home-selling season as coronavirus saps sentiment

3/21/2020 | Posted in Canadian Housing Market by Jessi Sandhu

real-estate-sign-27.jpg - Real Estate News 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 ... More


Canadian consumer confidence takes unprecedented slump

3/19/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

worried-businessman-346.jpg - Real Estate News A measure of Canada’s consumer confidence has reported its biggest drop ever amid the COVID-19 pandemic. ... More


Is coronavirus about to prompt a house price crash?

3/17/2020 | Posted in Canadian Housing Market by Jessi Sandhu

finance-market-growth-127.jpg - Real Estate News RBC senior economist Robert Hogue gives his latest housing market assessment ... More


Canadian home sales up in February

3/16/2020 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up between January and February 2020. ... More


Canadian housing starts declined in February

3/9/2020 | Posted in Canadian Housing Market by Jessi Sandhu

housing-starts--new-developments-454.jpg - Real Estate News 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). ... More


Coronavirus-driven rate cut could add kerosene to Canada's housing market

3/4/2020 | Posted in Canadian Housing Market by Jessi Sandhu

coronavirus-468.jpg - Real Estate News Lower mortgage rates likely to offset any major drag from a global outbreak ... More


CMHC says housing vulnerability moderate, Toronto and Hamilton overheating

2/21/2020 | Posted in Canadian Housing Market by Jessi Sandhu

sold-home-for-sale-260.jpg - Real Estate News Canada’s housing market remains moderately vulnerable, while Toronto and Hamilton are seeing overheating and price acceleration, but that overvaluation seems to remain low ... More


Immigration continues to supercharge the engines of Canadian housing

2/19/2020 | Posted in Canadian Housing Market by Jessi Sandhu

home-purchase-contract-441.jpg - Real Estate News The pace of inbound immigration to Canada – cited as the fastest among the G7 nations – is driving an unprecedented housing boom. ... More


Canadian home sales down in January

2/15/2020 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined between December 2019 and January 2020. ... More


Rents in major cities spike

2/13/2020 | Posted in Rental Market by Jessi Sandhu

own-or-rent-sign-120.jpg - Real Estate News The average rent for a two-bedroom apartment in big cities increased by 3.9%, clocking the fastest growth since 2001. ... More


Focus on housing supply, not the mortgage stress test, says Scotiabank CEO

2/5/2020 | Posted in Canadian Housing Market by Jessi Sandhu

single-house-new-build-framing-313.jpg - Real Estate News 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. ... More


Canadian home sales inch lower in December

1/15/2020 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News Statistics released today by the Canadian Real Estate Association (CREA) show national home sales eased between November and December 2019. ... More


Canadian housing starts trended lower in December

1/10/2020 | Posted in Canadian Housing Market by Jessi Sandhu

housing-starts--new-developments-454.jpg - Real Estate News There was a decline in the 6-month moving trend in Canadian housing starts in December. ... More


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

big-6-banks-canada-317.jpg - Real Estate News Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More


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