Canadian home sales begin 2023 at 14-year low
2/15/2023 | 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 January 2023. ...
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Canadian home sales edge up to end 2022
1/16/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up on a month-over-month basis in December 2022. ...
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Canadian home sales edge down from October to November
12/15/2022 | 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 November 2022. ...
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Feds reveal plan to welcome 500,000 immigrants per year by 2025
11/1/2022 | Posted in Canada Living by Jessi Sandhu
The federal government is planning a massive increase in the number of immigrants entering Canada, which will have a huge effect on the real estate market. ...
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Teranet-National Bank House Price Index sees another record monthly decline in September
10/20/2022 | Posted in Canadian Housing Market by Jessi Sandhu
In September, the seasonally adjusted composite index fell by 2.0%, matching the previous month’s record decline and representing a fifth consecutive monthly contraction. ...
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CMHC makes huge house price drop prediction
10/14/2022 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Canada Mortgage and Housing Corp. is predicting housing prices will continue to drop in 2023, but is warning the fall will do little for affordability. ...
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TD expects steeper home price drop in early 2023 than initial forecast
10/11/2022 | Posted in Canadian Housing Market by Jessi Sandhu
TD Economics has revised its housing forecast to account for even steeper price declines in early 2023 and then slower growth for the remainder of the year. ...
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Teranet-National Bank House Price Index: Record price drop in August
9/20/2022 | Posted in Canadian Housing Market by Jessi Sandhu
In addition to recording a fourth consecutive monthly decline on a seasonally adjusted basis, the Teranet-National Bank Composite House Price Index™ experienced its largest ...
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Canadian home sales post small decline from July to August
9/15/2022 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales slowed slightly in August 2022. ...
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How likely is a Canadian housing crash?
8/25/2022 | Posted in Canadian Housing Market by Jessi Sandhu
While market activity has decelerated significantly in recent months, several factors will act in concert to prevent an all-out housing crash, market observers argue. ...
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Interest rate hike like a 'hammer to housing': BMO senior economist
7/18/2022 | Posted in Mortgages and Real Estate by Jessi Sandhu
A BMO Capital Markets senior economist says the Bank of Canada's recent move to increase its key interest rate is setting up the housing market for an even deeper correction ...
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Canadian home sales down again in June, but declines are getting smaller
7/15/2022 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in June 2022. ...
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Desjardins predicts housing downturn would address 'unhealthy' market
6/16/2022 | Posted in Canadian Housing Market by Jessi Sandhu
Bouts of pain in property prices could help wake market up to economic and wage realities, economist says ...
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Canadian home sales slow again in May
6/15/2022 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in May 2022. ...
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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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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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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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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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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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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. ...
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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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