canadian housing market slowdown News and Articles | My Blog
Canadian Home Sales Edge Up Again Following Third Interest Rate Cut
10/15/2024 | Posted in Canadian Housing Market by Paul DeAdder
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 ... More
Fledgling Canadian Housing Market Momentum Hits Pause in July
8/15/2024 | Posted in Canadian Housing Market by Paul DeAdder
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 ... More
Bank of Canada sees less risk of housing market overheating as demand softens
8/7/2024 | Posted in Canadian Economy and Housing Market by Paul DeAdder
The Bank of Canada sees less risk of housing market overheating due to affordability issues.
... MoreCanadian 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
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
Home 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.
... MoreCanadian 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
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
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
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.
... MoreSingle-detached housing starts down 25% from last year: CMHC
10/5/2023 | Posted in New Developments by Paul DeAdder
The number of new single-detached houses under construction in the first half of 2023 was down 25% compared to last year.
... MoreCanadian Home Sales Ease Again in September
10/13/2023 | 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 September 2023.
... 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.
... More