Housing affordability has improved but there's no quick fix, says RBC

9/29/2023 | Posted in Canada Living by Jessi Sandhu

Millions of Canadians want to achieve their dream of homeownership, but affordability remains out of reach for many, and changing that will be a slow journey according to RBC. ... More

Tags: Canada Living, Canada Real Estate, Canadian Households, Canadian Housing Market, Housing Affordability

Canadian Home Sales Fall Back in August

9/15/2023 | Posted in Canadian Housing Market by Jessi Sandhu

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month-over-month basis in August 2023. ... More

Tags: Canada Real Estate, Canadian Housing Market, CREA

No end in sight to housing affordability crisis, says BMO's Guatieri

8/28/2023 | Posted in Canadian Housing Market by Jessi Sandhu

The Bank of Canada's June and July interest rate increases essentially put a stop to the housing market’s recovery, says analyst. ... More

Tags: Canada Living, Canada Real Estate, Canadian Home Sales, Canadian Housing Market, Canadian Real Estate Market Outlook, First Time Home Buyers, Home Buyers, Housing Affordability, Prospective Home Buyers

What's next for home prices in Canada?

8/28/2023 | Posted in Canadian Housing Market by Jessi Sandhu

Interest rates and borrowing costs may be surging - but Canadian home prices are continuing to rise at a rapid clip, according to new data. ... More

Tags: Canada Living, Canada Real Estate, Canadian Home Sales, Canadian Housing Market, Canadian Housing Market Slowdown, Housing Correction, Housing Market Crash

Real estate report: Second highest home price increase ever recorded in a single month

8/18/2023 | Posted in Real Estate Market by Jessi Sandhu

Home prices posted the second-highest increase ever recorded in a single month after the one observed in July 2006, according to the latest Teranet-National Bank composite index. ... More

Tags: Canada Real Estate, Canadian Home Sales, Canadian Housing Market

Canadian Home Sales See Little Change From June to July

8/15/2023 | Posted in Canadian Housing Market by Jessi Sandhu

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were only slightly changed on a month-over-month basis in July 2023. ... More

Tags: Canada Real Estate, Canadian Home Sales, Canadian Housing Market, Canadian Real Estate Market Outlook, CREA

The latest in mortgage news: record population growth to keep upward pressure on home prices

7/21/2023 | Posted in Canadian Housing Market by Jessi Sandhu

Canada’s expected population growth will worsen the already limited housing supply and result in even higher home prices, according to a new report. ... More

Tags: Canadian Housing Market, Immigration, Population Growth

Canadian Home Sales Showing Signs of Stabilization in June

7/14/2023 | Posted in Canadian Housing Market by Jessi Sandhu

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged up slightly on a month-over-month basis in June 2023. ... More

Tags: Canada Living, Canada Real Estate, Canadian Housing Market, CREA

CREA Downgrades Resale Housing Market Forecast

7/14/2023 | Posted in Canadian Housing Market by Jessi Sandhu

The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity and average home prices via Multiple Listing Service® (MLS®) Systems of ... More

Tags: Canadian Home Sales, Canadian Housing Market, CREA

Canada's housing market recovery gains more traction

6/16/2023 | Posted in Canadian Housing Market by Jessi Sandhu

Canada’s housing market is picking up steam. Both home resales and prices continued to rise at rapid clips in May. And odds are they will climb further in June with more ... More

Tags: Canada Living, Canada Real Estate, Canadian Housing Market

Canadian home sales continue to pick up steam in May

6/15/2023 | Posted in Canadian Housing Market by Jessi Sandhu

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up again on a month-over-month basis in May 2023. ... More

Tags: Canada Living, Canada Real Estate, Canadian Home Sales, Canadian Housing Market, CREA

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. ... More

Tags: Canada Real Estate, Canadian Home Sales, Canadian Housing Market, Canadian Real Estate Market Outlook

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 ... More

Tags: Canada Real Estate, Canadian Home Sales, Canadian Housing Market, Home Prices

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 ... More

Tags: Canada Living, Canada Real Estate, Canadian Households, Canadian Housing Market, Consumer Spending, Household Debt, Mortgage Consumers, Mortgage Delinquency

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 ... More

Tags: Canadian Home Sales, Canadian Housing Market, Canadian Real Estate Market Outlook

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. ... More

Tags: Canadian Housing Market, Consumer Confidence, Personal Finance

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. ... More

Tags: Canada Real Estate, Canadian Home Sales, Canadian Housing Market, Canadian Real Estate Market Outlook, CREA

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 ... More

Tags: Canada Real Estate, Canadian Housing Market, Canadian Real Estate Market Outlook, GTA Real Estate Market

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). ... More

Tags: Canadian Housing Market, Canadian Real Estate Market Outlook, Housing Starts, New Developments

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. ... More

Tags: Canadian Housing Market, Canadian Mortgage Market, Canadian Real Estate Market Outlook, Coronavirus, Housing Correction Canada, Real Estate Trends

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 ... More

Tags: Canadian Housing Market, Canadian Real Estate Market Outlook, Coronavirus

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. ... More

Tags: Canadian Housing Market, Consumer Confidence, Consumer Spending, Economic Growth, Personal Finance

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 ... More

Tags: Canadian Housing Market, Canadian Real Estate Market Outlook, Real Estate Values

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. ... More

Tags: Canada Real Estate, Canadian Housing Market, Canadian Real Estate Market Outlook, CREA

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). ... More

Tags: Canada Real Estate, Canadian Housing Market, Canadian Real Estate Market Outlook, Housing Starts, New Developments

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 ... More

Tags: Canadian Housing Market, Canadian Real Estate Market Outlook, Coronavirus, Mortgage Consumers

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 ... More

Tags: Canada Real Estate, Canadian Home Sales, Canadian Housing Market

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. ... More

Tags: Canada Real Estate, Canadian Home Sales, Canadian Housing Market, Canadian Real Estate Market Outlook, Immigration

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. ... More

Tags: Canada Real Estate, Canadian Home Sales, Canadian Housing Market, Canadian Real Estate Market Outlook, CREA

Rents in major cities spike

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. ... More

Tags: Canada Living, Canadian Housing Market, Condo Rental, Home Rental, Property Rental, Rental Market