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

5/21/2024 | Posted in Canadian Housing Market by Paul DeAdder

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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 Paul DeAdder

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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 Paul DeAdder

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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


Bank of Canada announces key interest rate decision

4/10/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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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 Paul DeAdder

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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 Paul DeAdder

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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 Paul DeAdder

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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 Paul DeAdder

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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 Paul DeAdder

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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


Canadian Home Sales Showing Signs of Recovery

2/14/2024 | Posted in Canadian Housing Market by Paul DeAdder

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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


Federal government extends foreign buyer ban until 2027

2/4/2024 | Posted in Foreign Buyers by Paul DeAdder

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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 Paul DeAdder

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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 ... More


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 Paul DeAdder

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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 ... More


Canadian Home Sales See Unexpected Surge to Close Out 2023

1/15/2024 | Posted in Canadian Housing Market by Paul DeAdder

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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 Paul DeAdder

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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 ... More


Bank of Canada could start cutting rates next year, says governor - BNN

12/19/2023 | Posted in Mortgage Interest Rates by Paul DeAdder

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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 ... More


Canadian Home Sellers Joining Buyers on the Sidelines

12/15/2023 | Posted in Canadian Housing Market by Paul DeAdder

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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.

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Overview of housing initiatives in the government's Fall Economic Statement

11/21/2023 | Posted in Mortgages and Real Estate by Paul DeAdder

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From a crackdown to short-term rentals to new investments to create more housing supply, the federal government made housing a key component of its Fall Economic Statement ... More


Canadian Home Sales See Downward Trend Continue in October

11/15/2023 | Posted in Canadian Housing Market by Paul DeAdder

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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


Rent prices are up $175 in the past six months and have pushed rent inflation to a 30-year high

11/14/2023 | Posted in Rental Market by Paul DeAdder

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The average asking rent in Canada has increased by about $175 over the past six months, and is now nearly 10% higher compared to a year ago.

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New mortgage activity slowing - but debt continues rising, says CMHC

11/9/2023 | Posted in Mortgages and Real Estate by Paul DeAdder

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Residential mortgage debt in Canada totalled $2.14 trillion as of August this year, up by 3.4% compared with the same month in 2022 as the value of uninsured mortgages ... More


BoC to begin rate cuts by 2024's second quarter, market players say

11/7/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year

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Average rental prices in Canada surge to records highs in October 2023: report

11/4/2023 | Posted in Rental Market by Paul DeAdder

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Rental prices in Canada reached a new high with the average asking price of $2,149 per month, according to a new report.

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Bank of Canada delivers rate hold, but maintains hawkish bias

10/25/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada delivered its second straight rate hold today, but signalled that it remains concerned about inflationary risks and price pressures.

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OSFI reaches decision on proposed mortgage guideline changes

10/18/2023 | Posted in Mortgage News by Paul DeAdder

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Canada’s banking regulator has revealed its decision on initial public consultation regarding its B-20 guidelines, indicating in a statement yesterday that it will not ... 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 Paul DeAdder

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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.

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Single-detached housing starts down 25% from last year: CMHC

10/5/2023 | Posted in New Developments by Paul DeAdder

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The number of new single-detached houses under construction in the first half of 2023 was down 25% compared to last year.

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Canadian Home Sales Ease Again in September

10/13/2023 | Posted in Canadian Housing Market by Paul DeAdder

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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month-over-month basis in September 2023.

... More


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

9/29/2023 | Posted in Canada Living by Paul DeAdder

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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 ... More


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