Housing affordability has improved but there's no quick fix, says RBC
9/29/2023 | Posted in Canada Living by Jessi Sandhu
Millions of Canadians want to achieve their dream of homeownership, but affordability remains out of reach for many, and changing that will be a slow journey according to RBC. ...
More
Canadian Home Sales Fall Back in August
9/15/2023 | 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 August 2023. ...
More
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
What's next for home prices in Canada?
8/28/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Interest rates and borrowing costs may be surging - but Canadian home prices are continuing to rise at a rapid clip, according to new data. ...
More
Real estate report: Second highest home price increase ever recorded in a single month
8/18/2023 | Posted in Real Estate Market by Jessi Sandhu
Home prices posted the second-highest increase ever recorded in a single month after the one observed in July 2006, according to the latest Teranet-National Bank composite index. ...
More
Office vacancy rate could peak in 2024 as hybrid work models gain popularity: report
8/15/2023 | Posted in Commercial Real Estate by Jessi Sandhu
A new report by Colliers Canada predicts the national office vacancy rate could peak at approximately 15 per cent by the end of 2024 as the rise of hybrid work models prompt ...
More
Recreational property market activity is slowing down
8/14/2023 | Posted in Recreational Properties by Jessi Sandhu
The pandemic-era robustness observed in Canada’s recreational real estate segment has moderated amid mounting borrowing costs coupled with reduced demand, according to a new ...
More
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
July sees unprecedented spike in average Canadian rental unit asking prices: report
8/12/2023 | Posted in Rental Market by Jessi Sandhu
Amidst continued interest rate hikes and economic challenges, the average asking price for a rental unit in Canada reached another new record of $2,078 in July, according to a ...
More
New report examines how rising interest rates have impacted home prices in Canada
8/6/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu
With the Bank of Canada’s interest rate hikes aimed at fighting inflation, the housing market in Canada experienced a slight drop in prices, according to a new report from ...
More
Canadian rent prices hit a record high in June
7/17/2023 | Posted in Rental Market by Jessi Sandhu
Average rent prices hit a record high in June, driven higher by strong population growth and continued demand outpacing new supply. ...
More
Canadian Home Sales Showing Signs of Stabilization in June
7/14/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged up slightly on a month-over-month basis in June 2023. ...
More
Canada's housing market recovery gains more traction
6/16/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Canada’s housing market is picking up steam. Both home resales and prices continued to rise at rapid clips in May. And odds are they will climb further in June with more ...
More
Canadian home sales continue to pick up steam in May
6/15/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up again on a month-over-month basis in May 2023. ...
More
Canada mortgage market crisis coming amid high rates?
6/13/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Could the prospect of persistently high rates spell trouble for the market’s stability? ...
More
Housing affordability in Canada just saw the biggest improvement in almost 4 years
6/3/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Stable interest rates and a continued cooling in home prices helped give housing affordability in Canada its biggest jump in almost four years in the first quarter of 2023, ...
More
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
Home prices could fall 5% amid pandemic
4/21/2020 | Posted in Canadian Housing Market by Jessi Sandhu
Canadian home prices could fall a “relatively modest” five per cent by July as some owners are forced to sell in the face of the economic hardship brought on by ...
More
Canada braces for higher mortgage defaults
4/21/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis of ...
More
Bank of Canada says coronavirus to trigger biggest slump ever, drops forecasts
4/15/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada on Wednesday said the coronavirus outbreak was set to trigger the biggest ever near-term Canadian downturn but suspended its regular economic forecasts, citing ...
More
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
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
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
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
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
CMHC says housing vulnerability moderate, Toronto and Hamilton overheating
2/21/2020 | Posted in Canadian Housing Market by Jessi Sandhu
Canada’s housing market remains moderately vulnerable, while Toronto and Hamilton are seeing overheating and price acceleration, but that overvaluation seems to remain low ...
More
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
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
Focus on housing supply, not the mortgage stress test, says Scotiabank CEO
2/5/2020 | Posted in Canadian Housing Market by Jessi Sandhu
The chief executive of the Bank of Nova Scotia says Canada’s housing market needs more supply, not a major change to the mortgage stress test. ...
More
Real estate, construction helps boost Canadian economy
2/3/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Economy nudged higher in the latest monthly stats, helped in part by the real estate and construction industries. ...
More
At Your Service
Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and we'll get back to you promptly.