11/27/2024 | Posted in Canadian Housing Market by James Tracy
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Experts predict a seller's market in nearly half the nation’s housing regions

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Canadian housing market set to pick up pace in 2025

  11/21/2024 | Posted in Canadian Housing Market by James Tracy
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The average income needed to buy a home keeps inching down in cities across Canada, according to the latest data.

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This is how much money you need to make to buy a house in Canada's largest cities

  11/19/2024 | Posted in Canadian Housing Market by James Tracy
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Conditions on the resale market tightened further in October, with a seller’s market that is synonymous with upward price support.

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House prices continue to rise in October as market gains momentum

  11/18/2024 | Posted in Canadian Housing Market by James Tracy
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Home sales activity recorded over Canadian MLS® Systems increased 7.7% on a month-over-month basis in October 2024, reaching its highest level since April 2022.

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Canadian Home Sales See Surprise Jump in October

  10/15/2024 | Posted in Canadian Housing Market by James Tracy
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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

Canadian Home Sales Edge Up Again Following Third Interest Rate Cut

  9/17/2024 | Posted in Canadian Housing Market by James Tracy
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Canada Mortgage and Housing Corp. says the annual pace of housing starts in August slowed 22 per cent compared with July.

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CMHC says annual pace of housing starts in Canada slowed in August

  9/10/2024 | Posted in Canadian Housing Market by James Tracy
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While the Bank of Canada may be lowering interest rates, the move is not having an immediate effect on Canada‘s housing market, an economist at one of Canada’s ... More

Rate cuts have yet to budge GTA housing market: RBC

  8/28/2024 | Posted in Canadian Housing Market by James Tracy
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A home building industry association says new home sales in July were at an all-time low, and is calling on urgent action from the government.

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New report calls for urgent government action as GTA home sales in July at an all-time low

  8/15/2024 | Posted in Canadian Housing Market by James Tracy
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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

Fledgling Canadian Housing Market Momentum Hits Pause in July

  7/12/2024 | Posted in Canadian Housing Market by James Tracy
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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 Perks Up in June

  6/17/2024 | Posted in Canadian Housing Market by James Tracy
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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

Canadian Housing Activity Sees Another Quiet Month in May

  5/22/2024 | Posted in Canadian Housing Market by James Tracy
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Interest rates for builders and buyers playing into slowdown, putting dozens of housing projects on pause.

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Ontario's pace of new home construction slows to 2018 levels

  5/21/2024 | Posted in Canadian Housing Market by James Tracy
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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.

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

  5/15/2024 | Posted in Canadian Housing Market by James Tracy
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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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Home Buyers Remain Cautious Amid Increasing Spring Listings

  4/16/2024 | Posted in Canadian Housing Market by James Tracy
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Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.

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Housing starts down seven per cent in March from February: CMHC

  4/12/2024 | Posted in Canadian Housing Market by James Tracy
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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

Hints of Active Spring Market in March Housing Data

  4/5/2024 | Posted in Canadian Housing Market by James Tracy
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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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Home prices could hit peak levels by next year, set new highs in 2026: CMHC report

  4/4/2024 | Posted in Canadian Housing Market by James Tracy
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Canadian homebuilders are expected to dial back new construction for a third straight year in 2024 as elevated borrowing costs reduce the appeal of starting projects, ... More

Canada homebuilding down for third year, housing agency predicts

  3/18/2024 | Posted in Canadian Housing Market by James Tracy
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Canada Mortgage and Housing Corporation (CMHC) has reported an increase in the pace of home construction across the country.

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Housing starts increase in February

  3/18/2024 | Posted in Canadian Housing Market by James Tracy
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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

Canadian Home Prices See Sudden End to Declines in Advance of Spring Market

  2/22/2024 | Posted in Canadian Housing Market by James Tracy
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The purchasing power of buyers with a $1 million budget searching for a home in Canada will widely vary depending on the city they are shopping in with those in Toronto getting ... More

How much does $1 million buy you in Canada's housing market?

  2/14/2024 | Posted in Canadian Housing Market by James Tracy
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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

Canadian Home Sales Showing Signs of Recovery

  1/29/2024 | Posted in Canadian Housing Market by James Tracy
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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

Canada's housing market to stabilize, but don't expect return to

  1/15/2024 | Posted in Canadian Housing Market by James Tracy
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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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Canadian Home Sales See Unexpected Surge to Close Out 2023

  1/15/2024 | Posted in Canadian Housing Market by James Tracy
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Royal LePage expects sidelined buyers to re-engage this quarter ahead of expected rate cuts by the Bank of Canada,

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National home prices close out 2023 above prior year, despite continued slowdown in market activity

  12/15/2023 | Posted in Canadian Housing Market by James Tracy
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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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Canadian Home Sellers Joining Buyers on the Sidelines

  12/14/2023 | Posted in Canadian Housing Market by James Tracy
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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.

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Home prices will return to pandemic peak by end of 2024: report

  12/13/2023 | Posted in Canadian Housing Market by James Tracy
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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

'A buyers' market with no buyers': CIBC economist on housing market

  11/15/2023 | Posted in Canadian Housing Market by James Tracy
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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.

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Canadian Home Sales See Downward Trend Continue in October

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