Jessi Sandhu - Your Brampton Real Estate Agent
Canadian Housing Market News and Articles | My Blog

Canadian Housing Activity Perks Up in June

7/14/2024 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News 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. ... More


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

home-buyers-447.jpg - Real Estate News 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 ... More


Canadian Housing Activity Sees Another Quiet Month in May

6/17/2024 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News 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 ... More


'Huge increases': Economists sound alarm over impact of Canada population growth on housing market

5/17/2024 | Posted in Canada Living by Jessi Sandhu

market-reports-on-business-271.jpg - Real Estate News Working population in first 4 months this year surpassed already unprecedented numbers for 2023 ... More


Bank Regulator in Canada Warns of Housing-Payment Shock by 2026

5/22/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-application-form-247.jpg - Real Estate News Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew. ... More


June rate cut still a "close call" despite lower inflation in April

5/21/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News Canada's headline inflation rate continued to ease in April, leaving the door open to a Bank of Canada rate cut next month. ... More


Teranet-National Bank composite house price index held steady in April

5/21/2024 | Posted in Canadian Housing Market by Jessi Sandhu

teranet-national-bank-16.jpg - Real Estate News 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. ... More


Home Buyers Remain Cautious Amid Increasing Spring Listings

5/15/2024 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News 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. ... More


Hints of Active Spring Market in March Housing Data

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

crea-news-18.jpg - Real Estate News 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


Housing crisis will worsen without imminent action, says RBC

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

real-estate-market-growth-125.jpg - Real Estate News 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. ... More


Canada homebuilding down for third year, housing agency predicts

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

new-construction-w-supervisors-285.jpg - Real Estate News 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, Canada's ... More


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

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

crea-news-18.jpg - Real Estate News 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


Canada's home prices to rise again on stretched demand-supply gap

2/29/2024 | Posted in Canadian Housing Market Predictions by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News 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 ... More


One-third of Canadians considering alternative home ownership models amid low affordability

2/27/2024 | Posted in Home Buyers by Jessi Sandhu

first-time-home-buyers-22.jpg - Real Estate News One third of Canadians are considering alternative home ownership models, a new survey has found, as purchasing a home remains out of reach amid an ongoing affordability crunch. ... More


Canadian Home Sales Showing Signs of Recovery

2/14/2024 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News 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


Canadian Home Sales See Unexpected Surge to Close Out 2023

1/15/2024 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News 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. ... More


2024 housing market and interest rate forecasts

12/27/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

home-buyer-search-126.jpg - Real Estate News As we look back at the year that was, we can say 2023 was a year that tested the resilience of Canadian mortgage holders. And as we look forward, there’s optimism that 2024 ... More


Home prices will return to pandemic peak by end of 2024: report

12/14/2023 | Posted in Canadian Housing Market by Jessi Sandhu

sold-home-for-sale-260.jpg - Real Estate News 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. ... More


Canadian Home Sellers Joining Buyers on the Sidelines

12/15/2023 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News The latest statistics released by the Canadian Real Estate Association (CREA) show national home sales were little changed on a month-over-month basis in November 2023. ... More


Canadian Home Sales See Downward Trend Continue in October

11/15/2023 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined on a month-over-month basis in October 2023. ... More


Home resales fall by 1.9 per cent across Canada, new listings on the rise: RBC

10/17/2023 | Posted in Canadian Housing Market by Jessi Sandhu

home-for-sale-ontario-canada-131.jpg - Real Estate News Home resales fell by 1.9 per cent across Canada in September, the third month in a row that resale rates have dropped, according to a new report by RBC. ... More


Bond yields surge to new heights, mortgage rates expected to jump another 20 bps

10/4/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News Over the past two weeks, yields have risen by over 30 basis points, or 0.30%. Since bond yields typically lead fixed mortgage rate pricing, rates have been steadily on the rise. ... More


Housing affordability has improved but there's no quick fix, says RBC

9/29/2023 | Posted in Canada Living by Jessi Sandhu

couple-with-real-estate-agent-316.jpg - Real Estate News 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

crea-news-18.jpg - Real Estate News 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

couple-browsing-for-homes-444.jpg - Real Estate News 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

home-buying-financing-concept-261.jpg - Real Estate News 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

teranet-national-bank-16.jpg - Real Estate News 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


Canadian Home Sales See Little Change From June to July

8/15/2023 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News 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


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