housing affordability

Spring housing market surge unlikely as affordability, cost of living weigh on buyers

April 8, 2024 No Comments

economists say a rebound awaits the national housing market — but don’t expect a big surge just yet.

As homeownership costs hit a new high, RBC predicts affordability challenges for years to come

April 3, 2024 No Comments

Housing affordability in most major markets continued to worsen in the fourth quarter despite a slight easing of home prices.

Bank of Canada can't solve housing affordability challenge

The Bank of Canada can’t solve the country’s housing affordability problem: Macklem

February 6, 2024 1 Comment

While monetary policy plays a crucial role in the housing market, lowering interest rates isn’t a silver bullet for resolving Canada’s housing affordability crisis, Bank of Canada Governor Tiff Macklem said today.

Chrystia Freeland announces etension to foreign buyer ban

Federal government extends foreign buyer ban until 2027

February 4, 2024 No Comments

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.

OREA calls on government to increase housing supply

OREA calls for bold action to address Ontario’s housing shortfall

February 1, 2024 No Comments

Despite making progress on its goal of building 1.5 million new homes by 2031, the Ontario government must do more to improve housing stock and cut down on bureaucratic obstacles, the Ontario Real Estate Association (OREA) says.

House of Commons Standing Committee on Finance

Mortgage industry reps provide feds with proposals to address housing affordability

November 10, 2023 3 Comments

Representatives from Canada’s mortgage industry presented the federal government with several proposals they say will help address the country’s housing affordability crisis.

Despite minor improvement, housing affordability remains near all-time worst level: RBC

October 2, 2023 No Comments

Despite a rise in average home prices earlier in the year, strong income gains were enough to improve affordability in the second quarter, albeit only slightly.

Half of non-homeowners in Canada losing hope of buying property: MPC survey

September 20, 2023 1 Comment

Nearly half of non-homeowners in Canada think they’ll never be able to purchase a home, according to new survey results from Mortgage Professionals Canada (MPC).

Opinion: How to bridge the housing affordability gap for a generation without a home

August 21, 2023 1 Comment

Over the next few days, the new federal cabinet will gather in P.E.I. for their summer retreat.

Canada’s housing affordability crisis: Industry experts clash on relief solutions

July 21, 2023 No Comments

The housing affordability crisis is pushing the dream of homeownership beyond the realm of possibility for many Canadians.