canadian housing market News and Articles | My Blog
Canadian 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
One-third of Canadians considering alternative home ownership models amid low affordability
2/27/2024 | Posted in Home Buyers by Paul DeAdder
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 ... 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
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.
... More2024 housing market and interest rate forecasts
12/27/2023 | Posted in Mortgages and Real Estate by Paul DeAdder
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 ... More
Home prices will return to pandemic peak by end of 2024: report
12/14/2023 | Posted in Canadian Housing Market by Paul DeAdder
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.
... MoreCanadian 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.
... MoreCanadian 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.
... MoreBank of Canada likely to begin cutting rates in mid-2024: CIBC's Tal
10/18/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The overnight rate could settle around 3%, according to leading economist
... MoreHome 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
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.
... MoreBond yields surge to new heights, mortgage rates expected to jump another 20 bps
10/4/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
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 ... More
Housing affordability has improved but there's no quick fix, says RBC
9/29/2023 | Posted in Canada Living by Paul DeAdder
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
Canadian Home Sales Fall Back in August
9/15/2023 | Posted in Canadian Housing Market by Paul DeAdder
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.
... MoreNo end in sight to housing affordability crisis, says BMO's Guatieri
8/28/2023 | Posted in Canadian Housing Market by Paul DeAdder
The Bank of Canada's June and July interest rate increases essentially put a stop to the housing market’s recovery, says analyst.
... MoreWhat's next for home prices in Canada?
8/28/2023 | Posted in Canadian Housing Market by Paul DeAdder
Interest rates and borrowing costs may be surging - but Canadian home prices are continuing to rise at a rapid clip, according to new data.
... MoreReal estate report: Second highest home price increase ever recorded in a single month
8/18/2023 | Posted in Real Estate Market by Paul DeAdder
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 ... More
Canadian Home Sales See Little Change From June to July
8/15/2023 | Posted in Canadian Housing Market by Paul DeAdder
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.
... MoreThe latest in mortgage news: record population growth to keep upward pressure on home prices
7/21/2023 | Posted in Canadian Housing Market by Paul DeAdder
Canada’s expected population growth will worsen the already limited housing supply and result in even higher home prices, according to a new report.
... MoreCanadian Home Sales Showing Signs of Stabilization in June
7/14/2023 | Posted in Canadian Housing Market by Paul DeAdder
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged up slightly on a month-over-month basis in June 2023.
... MoreCREA Downgrades Resale Housing Market Forecast
7/14/2023 | Posted in Canadian Housing Market by Paul DeAdder
The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity and average home prices via Multiple Listing Service® (MLS®) Systems of ... More
Canada's housing market recovery gains more traction
6/16/2023 | Posted in Canadian Housing Market by Paul DeAdder
Canada’s housing market is picking up steam. Both home resales and prices continued to rise at rapid clips in May. And odds are they will climb further in June with more ... More
Canadian home sales continue to pick up steam in May
6/15/2023 | Posted in Canadian Housing Market by Paul DeAdder
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up again on a month-over-month basis in May 2023.
... MoreHome prices have some support despite sales slowdown
4/26/2020 | Posted in Canadian Housing Market by Paul DeAdder
The national market can still provide some impetus for home price growth despite declining sales, according to Royal Bank of Canada Senior Economist Robert Hogue.
... MoreHome prices could fall 5% amid pandemic
4/21/2020 | Posted in Canadian Housing Market by Paul DeAdder
Canadian home prices could fall a “relatively modest” five per cent by July as some owners are forced to sell in the face of the economic hardship brought on by ... More
Canada braces for higher mortgage defaults
4/21/2020 | Posted in Canadian Economy and Housing Market by Paul DeAdder
Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis ... More
Pandemic Throws Housing Market off Course
4/16/2020 | Posted in Canadian Housing Market by Paul DeAdder
The outlook on the Canadian housing market: RBC
... MoreConsumer confidence is suffering an unprecedented decline
4/15/2020 | Posted in Canada Living by Paul DeAdder
Nearly four-fifths of Canadians expect the economy to worsen over the next few months.
... MoreCanadian home sales and listings down in March
4/15/2020 | Posted in Canadian Housing Market by Paul DeAdder
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and listings were down sharply between February and March 2020.
... MoreNational Home Prices to Show Remarkable Resilience in 2020
4/14/2020 | Posted in Canadian Housing Market Predictions by Paul DeAdder
According to the Royal LePage House Price Survey and Market Survey Forecast released today, the aggregate price of a home in Canada is expected to remain remarkably stable ... More