New report calls for urgent government action as GTA home sales in July at an all-time low
8/28/2024 | Posted in Canadian Housing Market by Jessi Sandhu
A home building industry association says new home sales in July were at an all-time low, and is calling on urgent action from the government.
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Fledgling Canadian Housing Market Momentum Hits Pause in July
8/15/2024 | Posted in Canadian Housing Market by Jessi Sandhu
While there were early signs of renewed momentum in June following the Bank of Canada’s first interest rate cut since 2020, activity in Canada’s housing market took ... More
Canadian Housing Activity Perks Up in June
7/12/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Activity in Canada's housing market saw some early signs of renewed life in June 2024, following the Bank of Canada's interest rate cut at the beginning of the ... More
Canadian Housing Activity Sees Another Quiet Month in May
6/17/2024 | Posted in Canadian Housing Market by Jessi Sandhu
While May was another relatively uneventful month for many Canadian housing markets with national month-over-month home sales edging slightly lower and new listings moving only ... More
Ontario's pace of new home construction slows to 2018 levels
5/22/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Interest rates for builders and buyers playing into slowdown, putting dozens of housing projects on pause.
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Teranet-National Bank composite house price index held steady in April
5/21/2024 | Posted in Canadian Housing Market by Jessi Sandhu
The Teranet-National Bank composite house price index which tracks home prices in 11 of Canada's largest cities remained stable from March to April.
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Home Buyers Remain Cautious Amid Increasing Spring Listings
5/15/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Canadian home sales dipped in April 2024 when compared to March, even as the number of properties available for sale rose to kick off the spring market.
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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.
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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
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
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.
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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
How much does $1 million buy you in Canada's housing market?
2/22/2024 | Posted in Canadian Housing Market by Jessi Sandhu
The purchasing power of buyers with a $1 million budget searching for a home in Canada will widely vary depending on the city they are shopping in with those in Toronto getting ... More
Canadian Home Sales Showing Signs of Recovery
2/14/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Following a weak second half of 2023, home sales over the last two months are showing signs of recovery, according to the latest data from the Canadian Real Estate Association ... More
Canada's housing market to stabilize, but don't expect return to "rollicking" price gains, BMO says
1/29/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Stability is expected to return to the country’s housing market this year as interest rates ease, but homeowners shouldn’t expect a return to the ... More
Canadian Home Sales See Unexpected Surge to Close Out 2023
1/15/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up noticeably on a month-over-month basis in December 2023.
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National home prices close out 2023 above prior year, despite continued slowdown in market activity
1/15/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Royal LePage expects sidelined buyers to re-engage this quarter ahead of expected rate cuts by the Bank of Canada,
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'A buyers' market with no buyers': CIBC economist on housing market
12/13/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Some home sellers are struggling to find buyers amid high mortgage costs, according to an economist who says Canada’s housing market is in the midst of “a very ... More
Home prices will return to pandemic peak by end of 2024: report
12/14/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Home prices across Canada are expected to climb next year with expected Bank of Canada rate cuts poised to reinvigorate the housing market, according to a new report.
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