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Housing starts down seven per cent in March from February: CMHC

4/16/2024 | Posted in Canadian Housing Market by Jessi Sandhu

Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.

... More


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Feds commit to exploring CRA income verification in budget 2024 to address mortgage fraud

4/12/2024 | Posted in Government and Regulation by Jessi Sandhu

The federal government today confirmed plans to consult with the mortgage industry on developing income verification tools through the Canada Revenue Agency.

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OSFI announces new stress test for uninsured mortgages

4/16/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

Canadian regulator cracks down on high-debt mortgages to protect borrowers

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GTA home prices to see biggest gains in 2024 as Canada's housing market set for 'uncomfortably busy' fall: Royal LePage

4/12/2024 | Posted in GTA Real Estate by Jessi Sandhu

Housing prices in the GTA are expected to rise 10 per cent this year and will likely surpass those in Greater Vancouver by the end of 2024, according to an updated forecast by ... More


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Ottawa to allow 30-year amortization for first-time buyers' mortgages on new homes

4/11/2024 | Posted in Government and Regulation by Jessi Sandhu

Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians ... More


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Hints of Active Spring Market in March Housing Data

4/12/2024 | Posted in Canadian Housing Market by Jessi Sandhu

While there are expectations the Canadian housing market will pick up on some level this year, home sales and prices were mostly unchanged on a month-over-month basis in March ... More


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Bank of Canada announces key interest rate decision

4/10/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent.

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Housing crisis will worsen without imminent action, says RBC

4/9/2024 | Posted in Real Estate Market by Jessi Sandhu

The housing affordability crisis in Canada is reaching alarming new heights, impacting middle-income families far beyond major cities, according to a new report from RBC.

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Bank of Canada to keep rates on hold this week, first cut seen as early as June

4/8/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada is widely expected to keep its key overnight rate on hold Wednesday, as it gathers more evidence of cooling inflation before delivering its first interest ... More


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Home prices could hit peak levels by next year, set new highs in 2026: CMHC report

4/5/2024 | Posted in Canadian Housing Market by Jessi Sandhu

The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026.

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Canada homebuilding down for third year, housing agency predicts

4/4/2024 | Posted in Canadian Housing Market by Jessi Sandhu

Canadian homebuilders are expected to dial back new construction for a third straight year in 2024 as elevated borrowing costs reduce the appeal of starting projects, ... More


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Trudeau offers billions to boost homebuilding - with strings attached

4/2/2024 | Posted in Government and Regulation by Jessi Sandhu

Prime Minister Justin Trudeau is pressuring Canada’s provinces to remove barriers to building more housing, including requiring them to freeze municipal development ... More


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Inflation expectations cast shadow on BoC's rate decision

4/3/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Economists question their forecasts as inflation expectations challenge anticipated rate cuts

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Selling Prices Up In March and Set to Accelerate This Spring

4/3/2024 | Posted in GTA Real Estate by Jessi Sandhu

Greater Toronto Area (GTA) REALTORS® reported 6,560 sales through TRREB’s MLS® System in March 2024 – down by 4.5 per cent compared to March 2023.

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Luxury home sales surge in parts of Canada as buyers flee expensive big cities

4/2/2024 | Posted in Luxury Real Estate by Jessi Sandhu

Luxury real estate sales have increased across the country in the first two months of the year but larger markets like Toronto are seeing less activity as some buyers look ... More


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Canadian recreational home prices expected to climb 5% this year amid supply squeeze

3/27/2024 | Posted in Recreational Properties by Jessi Sandhu

Median home prices in the country’s recreational housing markets are forecast to rise 5% in 2024 as demand grows for scarce listings.

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OSFI rejects Competition Bureau recommendation to drop mortgage stress test for lender switches

3/22/2024 | Posted in Government and Regulation by Jessi Sandhu

Canada’s banking regulator says it has no plans to remove the stress test on uninsured mortgages for borrowers who choose to switch lenders.

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Value of Canadian farmland rises 11.5% in 2023: report

3/13/2024 | Posted in Community by Jessi Sandhu

The value of Canadian farmland rose 11.5% in 2023, a new report by agriculture lending firm Farm Credit Canada has found.

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Inflation metrics give BoC room to talk cuts

3/19/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Economists widely expect central bank to start cutting rates in June

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Housing starts increase in February

3/18/2024 | Posted in Canadian Housing Market by Jessi Sandhu

Canada Mortgage and Housing Corporation (CMHC) has reported an increase in the pace of home construction across the country.

... More


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Is it time for aggressive rate cuts?

3/19/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

'I hope they're not tepid,' says expert about BoC's upcoming decisions

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Renters have harder time accumulating wealth than homeowners: RBC economist

3/14/2024 | Posted in Financial Health by Jessi Sandhu

Renters face daunting barriers in their attempts to build wealth as they’re forced to devote an increasing share of their income to keeping a roof over their head.

... More


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Canadian Home Prices See Sudden End to Declines in Advance of Spring Market

3/18/2024 | Posted in Canadian Housing Market by Jessi Sandhu

Canadian home prices as measured by the seasonally adjusted Aggregate Composite MLS® Home Price Index (HPI) were flat on a month-over-month basis in February 2024, ending a ... More


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Variable or short-term fixed mortgage? Where experts see the "sweet spot"

3/13/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

The Canadian mortgage space is already seeing some rates on offer decline heading into the spring market, despite no clear indication yet from the Bank of Canada that interest ... More


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