Canadian Home Sales See Downward Trend Continue in October

11/15/2023 | Posted in Canadian Housing Market by Jessi Sandhu

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

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

Property taxes are out of step with CRE investors facing oversized costs

10/16/2023 | Posted in Commercial Real Estate by Jessi Sandhu

Altus Group research finds commercial tax rates 3x higher than residential in more than half of cities surveyed ... More

Tags: Canadian Real Estate Market Outlook, Commercial Property Taxes, Commercial Real Estate, Commercial Real Estate Investments

Canadian Home Sales Ease Again in September

10/13/2023 | 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 September 2023. ... More

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

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

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

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

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

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

What the Bank of Canada rate cut means for mortgages

3/5/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that. ... More

Tags: Canada Real Estate, Canadian Real Estate Market Outlook, Mortgage Consumers, Mortgage Rates, Mortgage Rates Canada, Mortgage Refinancing, Variable Rate Mortgages

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

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

Canadian home prices accelerated in 2019 says Statistics Canada

1/30/2020 | Posted in Canadian Housing Market by Jessi Sandhu

Quarterly price trend report shows most major markets posted gains. ... More

Tags: Canada Real Estate, Canadian Real Estate Market Outlook, Home Prices, House Prices, Statistics Canada

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. ... More

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

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. ... More

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

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 ... More

Tags: Bank of Canada, Big Six, Canadian Banks, Canadian Housing Market, Canadian Mortgage Market, Canadian Real Estate Market Outlook, Housing Affordability, Housing Demand, Stress Test

Expect a seller's market this year

1/7/2020 | Posted in Canadian Housing Market Predictions by Jessi Sandhu

The lack of housing supply is expected to remain a pressing concern this year as Canada moves further to a seller's market, market watchers say. ... More

Tags: Canadian Housing Market, Canadian Real Estate Market Outlook, GTA Real Estate Market, Housing Supply, Immigration

Canadian mortgage performance to remain stable in 2020

12/18/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Canadian mortgage lenders shouldn’t worry too much about the performance of their loans in 2020 according to a new report from Fitch Ratings. ... More

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

Canadian home sales edge higher in November

12/16/2019 | Posted in Canadian Housing Market by Jessi Sandhu

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales continued to edge higher in November 2019. ... More

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

Owning a home is a pipedream for many Canadian millennials

12/13/2019 | Posted in Home Buyers by Jessi Sandhu

Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey. ... More

Tags: Canadian Real Estate Market Outlook, First Time Home Buyers, Home Buyers, Home Ownership, Millenials

Canadian housing starts were flat in November says CMHC

12/10/2019 | Posted in New Developments by Jessi Sandhu

There were some slight increases but the 6-month trend was essentially unchanged ... More

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

Townhouses lead growth in rents

12/1/2019 | Posted in Rental Market by Jessi Sandhu

The annual increase in Canadian rents was not consistent across property types. ... More

Tags: Canadian Housing Market, Canadian Real Estate Market Outlook, Property Rental, Rental Market

CMHC's Siddall Defends Policies, Provides Update on the FTHBI

11/22/2019 | Posted in Canadian Housing Market by Jessi Sandhu

Some fresh information on the status of the First-Time Home Buyer Incentive (FTHBI) and a possible increase on the $1M cap for insured ... More

Tags: Canadian Housing Market, Canadian Real Estate Market Outlook, First Time Home Buyer Incentive, First Time Home Buyers, Insured Mortgages, Mortgage Consumers, Mortgage Loan Insurance, Mortgage Trends, Mortgages & Real Estate