canada real estate News and Articles | My Blog
Canadian Housing Activity Perks Up in June
7/12/2024 | Posted in Canadian Housing Market by Paul DeAdder
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 ... 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 Paul DeAdder
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 ... More
Bank of Canada officials worry that rate cuts may overheat the housing market
6/19/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
The Bank of Canada’s top decision-makers expressed concerns before announcing this month’s interest rate cut, fearing that the rate relief could potentially ... More
Canadian Housing Activity Sees Another Quiet Month in May
6/17/2024 | Posted in Canadian Housing Market by Paul DeAdder
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 ... More
Teranet-National Bank composite house price index held steady in April
5/21/2024 | Posted in Canadian Housing Market by Paul DeAdder
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.
... MoreHome Buyers Remain Cautious Amid Increasing Spring Listings
5/15/2024 | Posted in Canadian Housing Market by Paul DeAdder
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.
... MoreHints of Active Spring Market in March Housing Data
4/12/2024 | Posted in Canadian Housing Market by Paul DeAdder
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
The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent.
... MoreHousing crisis will worsen without imminent action, says RBC
4/9/2024 | Posted in Real Estate Market by Paul DeAdder
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.
... MoreHome 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
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.
... MoreInflation expectations cast shadow on BoC's rate decision
4/3/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Economists question their forecasts as inflation expectations challenge anticipated rate cuts
... MoreCanadian Home Prices See Sudden End to Declines in Advance of Spring Market
3/18/2024 | Posted in Canadian Housing Market by Paul DeAdder
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
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
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
Bank of Canada says housing affordability is about boosting supply, not lowering interest rates
2/7/2024 | Posted in Real Estate Market by Paul DeAdder
Monetary policy can’t do everything, central bank governor Tiff Macklem says
... MoreFederal government extends foreign buyer ban until 2027
2/4/2024 | Posted in Foreign Buyers by Paul DeAdder
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.
... MoreMarket 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
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
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
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'A buyers' market with no buyers': CIBC economist on housing market
12/13/2023 | Posted in Canadian Housing Market by Paul DeAdder
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
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
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.
... MoreOverview of housing initiatives in the government's Fall Economic Statement
11/21/2023 | Posted in Mortgages and Real Estate by Paul DeAdder
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
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined on a month-over-month basis in October 2023.
... MoreRent 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
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.
... MoreNew mortgage activity slowing - but debt continues rising, says CMHC
11/9/2023 | Posted in Mortgages and Real Estate by Paul DeAdder
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
Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year
... MoreAverage rental prices in Canada surge to records highs in October 2023: report
11/4/2023 | Posted in Rental Market by Paul DeAdder
Rental prices in Canada reached a new high with the average asking price of $2,149 per month, according to a new report.
... MoreBank of Canada delivers rate hold, but maintains hawkish bias
10/25/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The Bank of Canada delivered its second straight rate hold today, but signalled that it remains concerned about inflationary risks and price pressures.
... MoreOSFI reaches decision on proposed mortgage guideline changes
10/18/2023 | Posted in Mortgage News by Paul DeAdder
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
