Bank of Canada rate cuts save housing market from collapse, says economist
11/25/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Rate cuts offered stability, but economic risks and high mortgage rates keep recovery uncertain. ...
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House prices continue to rise in October as market gains momentum
11/19/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Conditions on the resale market tightened further in October, with a seller’s market that is synonymous with upward price support. ...
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Canadian Home Sales See Surprise Jump in October
11/18/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Home sales activity recorded over Canadian MLS® Systems increased 7.7% on a month-over-month basis in October 2024, reaching its highest level since April 2022. ...
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Fewer young Canadians own homes but majority planning to buy within five years: poll
10/29/2024 | Posted in Real Estate Market by Jessi Sandhu
A new report says that while fewer young Canadians own a home compared with three years ago, a majority of millennials and Gen Z adults still plan to purchase one in the next five ...
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Canadian Home Sales Edge Up Again Following Third Interest Rate Cut
10/15/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Following the Bank of Canada's third interest rate cut of the year, national home sales increased slightly in September compared to August. This follows a similar pattern of ...
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Canadian Housing Activity Remains in Holding Pattern
9/16/2024 | Posted in Real Estate News by Jessi Sandhu
National home sales increased in June following the Bank of Canada's first interest rate cut since 2020, and activity posted another small gain in August on the heels of the ...
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Canadian house prices could rise by up to 6% in steady fall market
9/3/2024 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Interest rate cuts should spark buying activity says RE/MAX Canada ...
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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 a ...
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Bank of Canada sees less risk of housing market overheating as demand softens
8/7/2024 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
The Bank of Canada sees less risk of housing market overheating due to affordability issues. ...
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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 month. ...
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Interest rate cut hasn't led to rush of homebuyer demand yet: Royal LePage report
7/11/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu
Despite expectations of lower interest rates prompting homebuyers to leave the sidelines, a new report says the Bank of Canada’s quarter-point cut to its key interest rate ...
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Bank of Canada officials worry that rate cuts may overheat the housing market
6/19/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Bank of Canada’s top decision-makers expressed concerns before announcing this month’s interest rate cut, fearing that the rate relief could potentially overheat ...
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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 a ...
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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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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 ...
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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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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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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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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 ...
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Canada's home prices to rise again on stretched demand-supply gap
2/29/2024 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Home prices in Canada are forecast to gain a bit this year and rise further in 2025 on relentless demand for housing amid scant new supply and prospects for interest rate cuts ...
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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 ...
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Bank of Canada says housing affordability is about boosting supply, not lowering interest rates
2/7/2024 | Posted in Real Estate Market by Jessi Sandhu
Monetary policy can’t do everything, central bank governor Tiff Macklem says ...
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Federal government extends foreign buyer ban until 2027
2/4/2024 | Posted in Foreign Buyers by Jessi Sandhu
The federal government today announced a two-year extension to its foreign buyer ban in what it says is an effort to make housing more affordable for Canadians. ...
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Market participants still expect the first Bank of Canada rate cut in April
2/5/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by April. ...
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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 ...
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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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'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 healthy ...
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Bank of Canada could start cutting rates next year, says governor - BNN
12/19/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu
The Bank of Canada could start cutting interest rates next year as long as core inflation comes down as predicted, BNN Television cited Governor Tiff Macklem as saying in an ...
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