housing market outlook

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.

Housing supply and its role in the affordability crisis

Single-detached housing starts down 25% from last year: CMHC

October 5, 2023 No Comments

The number of new single-detached houses under construction in the first half of 2023 was down 25% compared to last year.

Oxford Economics predicts house price decline

Recession expected to drive home prices down another 10%: Oxford

September 20, 2023 No Comments

In its economic and housing outlook released today, Oxford Economics is forecasting a mild recession by the end of the year will lead to an additional 10% decline in average house prices by early next year.

Housing affordability eased slightly in Q1, but “incredibly challenging” conditions persist: RBC

July 4, 2023 No Comments

The Bank of Canada’s temporary rate pause in the first half of the year helped ease affordability in the first quarter, but only nominally.

Canadian covered bonds retain high ratings despite market conditions: Fitch

June 22, 2023 No Comments

With the current combination of high interest rates, inflationary pressures, and higher mortgage payments, one would expect Canada’s structured bonds to decline in rating.

A rebound in Canada’s housing market contributed to the BoC’s decision to hike rates in June

June 21, 2023 No Comments

Ongoing excess demand in the economy, including a recent rebound in existing home sales, contributed to the Bank of Canada’s decision to hike interest rates earlier this month.

OSFI considering the need for additional regulations on existing mortgages

April 20, 2023 No Comments

Canada’s banking regulator says it is considering whether to extend the scope of its mortgage guidelines to include existing mortgages. In its second Annual Risk

2023 housing and interest rate forecasts

December 29, 2022 No Comments

Rising interest rates in 2022 drove home sales and prices lower, but what does 2023 hold in store?

Long-term prospect for Canadian home prices

Long-term prospects for Canadian home prices are positive

December 13, 2022 1 Comment

The decline in national home prices this year will not turn into a prolonged downfall like the one that happened in the early 1990s.

Housing Market Risks are Easing: RBC

September 1, 2021 No Comments

After reaching overheated territory earlier this year, risks to the country’s housing market are now easing as prices and activity moderate. That’s the assessment from