Canada population grows by over 1 million for first time in history
3/23/2023 | Posted in Canadian Housing Market by Jessi Sandhu
How could the news impact the national housing market? ...
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Wave of sidelined homebuyers plan to return to the market this spring
3/16/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Many Canadian homebuyers were sidelined after interest rates climbed to the highest level in more than a decade last year, but a new report found most individuals that postponed ...
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Canadian home sales rise in February despite drop in new supply
3/15/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up on a month-over-month basis in February 2023. ...
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Bank of Canada rate cut now 'a near certainty'
3/14/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Bond markets predicting interest rates to fall – and possibly very soon ...
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The end is nigh for Canada's housing market downturn, RBC reports
3/8/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Royal Bank of Canada (RBC) has published its report and outlook on the country’s housing market and sees the market downturn headed towards its conclusion. ...
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Canadian home sales begin 2023 at 14-year low
2/15/2023 | 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 January 2023. ...
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Canada's housing market to see listings fall in first quarter, before rebounding: TD
2/10/2023 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
A new report says Canada's housing market will see new listings fall in the first quarter before rebounding later in the year and then, slowing to a more modest growth pace in ...
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Investors made up 20-30% of home purchases during the pandemic: StatCan
2/7/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Investors made up between one-fifth and one-third of home purchases in 2020, according to new data from Statistics Canada. ...
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Are mortgage borrowers a risk to Canadian housing market?
2/3/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu
An analysis of homeowners' loan-to-value ratios reveals resilient position despite challenges. ...
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CREA: Expect a market turnaround in 2023
1/27/2023 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity for 2023 and 2024. It’s predicting good news for the market in the coming year - ...
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Canadian home sales edge up to end 2022
1/16/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up on a month-over-month basis in December 2022. ...
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A $200,000+ income is now needed to qualify for an average mortgage in Toronto & Vancouver
12/20/2022 | Posted in Home Buyers by Jessi Sandhu
High home prices and rising interest rates over the course of 2022 have made it significantly harder for buyers to qualify for the average mortgage. ...
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Canadian home sales edge down from October to November
12/15/2022 | 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 November 2022. ...
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Long-term prospects for Canadian home prices are positive
12/13/2022 | Posted in Canadian Housing Market by Jessi Sandhu
The decline in national home prices this year will not turn into a prolonged downfall like the one that happened in the early 1990s. ...
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There have never been so many renters in Canada, RBC report says
12/7/2022 | Posted in Rental Market by Jessi Sandhu
Royal Bank of Canada economists say the country has reached a record number of renters as the number of people renting has increased at three times the rate of homeowners in the ...
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Average rent is nearly 12% higher compared to last year
11/22/2022 | Posted in Rental Market by Jessi Sandhu
Having already surpassed pre-pandemic levels, the average rent in Canada continued to rise in October. ...
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Despite price drop, is the Canadian housing market rebounding?
11/16/2022 | Posted in Canadian Housing Market by Jessi Sandhu
Sales data shows some positive signs and Scotiabank believes the market could be on course for better days ahead. ...
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Canadian home sales edge up from September to October
11/15/2022 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged a little higher in October 2022. ...
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Teranet-National Bank House Price Index sees another record monthly decline in September
10/20/2022 | Posted in Canadian Housing Market by Jessi Sandhu
In September, the seasonally adjusted composite index fell by 2.0%, matching the previous month’s record decline and representing a fifth consecutive monthly contraction. ...
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Here's how a recession could affect your work, housing and expenses
10/14/2022 | Posted in Canada Living by Jessi Sandhu
Many economists say a mild recession is on the cards as they look ahead to 2023. ...
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Canadian home sales soften again from August to September
10/14/2022 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in September 2022. ...
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CMHC makes huge house price drop prediction
10/14/2022 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Canada Mortgage and Housing Corp. is predicting housing prices will continue to drop in 2023, but is warning the fall will do little for affordability. ...
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TD expects steeper home price drop in early 2023 than initial forecast
10/11/2022 | Posted in Canadian Housing Market by Jessi Sandhu
TD Economics has revised its housing forecast to account for even steeper price declines in early 2023 and then slower growth for the remainder of the year. ...
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Housing market correcting, not crashing: RBC economist
10/7/2022 | Posted in Canadian Housing Market by Jessi Sandhu
While home prices across Canada are projected to fall further into the early part of next year, the housing market is in the midst of a correction rather than a crash, according ...
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OECD predicts how high the Bank of Canada will go on rates
10/3/2022 | Posted in Interest Rates by Jessi Sandhu
While many economists have predicted the Bank of Canada’s interest rate will peak at 4%, the Organisation for Economic Co-operation and Development (OECD) has gone five ...
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Canada cuts home price outlook
9/30/2022 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Canada’s national housing agency plans to revamp its forecasts to call for a drop of as much as 15% in home prices, as higher mortgage rates threaten to cause a protracted ...
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Foreign buyers' ban proposals: private lending association reacts
9/29/2022 | Posted in Foreign Buyers by Jessi Sandhu
Proposals by the federal government to restrict foreign access to the Canadian housing market run the risk of complicating mortgage financing while not adequately addressing the ...
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Teranet-National Bank House Price Index: Record price drop in August
9/20/2022 | Posted in Canadian Housing Market by Jessi Sandhu
In addition to recording a fourth consecutive monthly decline on a seasonally adjusted basis, the Teranet-National Bank Composite House Price Index™ experienced its largest ...
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Canadian home sales post small decline from July to August
9/15/2022 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales slowed slightly in August 2022. ...
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How likely is a Canadian housing crash?
8/25/2022 | Posted in Canadian Housing Market by Jessi Sandhu
While market activity has decelerated significantly in recent months, several factors will act in concert to prevent an all-out housing crash, market observers argue. ...
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