Will it be easier or harder for Canadians to buy a home in 2025?
1/2/2025 | Posted in Canadian Housing Market by Jessi Sandhu
It’s been a rough few years for Canadians looking to break into home ownership as unaffordability issues persist across the country. ...
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Housing market poised for 2025 comeback as lower rates unleash pent-up demand
12/30/2024 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Heading into 2025, economists and real estate agents believe activity is poised to remain strong amid much lower borrowing costs and more favourable rules for buyers, despite an ...
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Canadian Home Sales Continue to Climb in November
12/16/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Home sales activity recorded over Canadian MLS® Systems rose again in November, building on October’s surprise jump. ...
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Canadian housing market set to pick up pace in 2025
11/27/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Experts predict a seller's market in nearly half the nation’s housing regions ...
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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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Feds launch mortgage refinancing program to boost secondary suites and ease housing crunch
10/8/2024 | Posted in Government and Regulation by Jessi Sandhu
The federal government is rolling out another set of mortgage changes aimed at addressing the housing shortage, this time focusing on supporting the construction of secondary ...
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10/10/2024 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Royal LePage’s latest housing market forecast predicts a real estate rebound that will see Canada’s “sluggish” markets in recovery mode by spring following ...
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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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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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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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'Huge increases': Economists sound alarm over impact of Canada population growth on housing market
5/17/2024 | Posted in Canada Living by Jessi Sandhu
Working population in first 4 months this year surpassed already unprecedented numbers for 2023 ...
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Bank Regulator in Canada Warns of Housing-Payment Shock by 2026
5/22/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu
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. ...
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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
Canada's headline inflation rate continued to ease in April, leaving the door open to a Bank of Canada rate cut next month. ...
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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 leaves spring housing market in 'holding pattern'
4/10/2024 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
News not all bad as central bank signals possibility of rate relief in June ...
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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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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, Canada's ...
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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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One-third of Canadians considering alternative home ownership models amid low affordability
2/27/2024 | Posted in Home Buyers by Jessi Sandhu
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. ...
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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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