real estate market

Home sales up in major metro areas as buyers bet on rate cuts later this year

March 6, 2024 No Comments

Sentiment appears to be improving in major real estate markets across the country, with most reporting an increase in sales activity in February.

Housing market sees late-year rebound despite 2023 being least active in over two decades

January 8, 2024 No Comments

Home sales surged in most of Canada’s large metro areas in December, despite total 2023 sales being well down from 2022.

Housing market cooldown continued in November, but few signs of widespread selling related to renewal shock

December 7, 2023 1 Comment

The slowdown in housing activity across the country continued in November, but so far there aren’t signs of widespread distressed selling, figures show.

Home prices could be in “another leg down,” as housing weakness spreads

November 15, 2023 No Comments

Weakness in Canada’s housing markets is now spreading beyond the major markets of Vancouver and Toronto, the latest data reveal.

Home-prices-and-home-sales-in-Canada-October-202

Interest rates continue to take a toll on housing as sales and prices continue to soften

November 8, 2023 No Comments

Higher interest rates are continuing to exert downward pressure on both home sales and prices, according to real estate boards in the country’s largest markets.

Latest in mortgage news: BC regulator slaps CIBC with $3.4M fine over mortgage violation

October 19, 2023 No Comments

CIBC was recently fined over $3.4 million by British Columbia’s consumer protection agency, Consumer Protection BC, due to violations related to mortgage discharge documentation.

Home listings surge and buyer demand cools in Canada’s largest markets

October 10, 2023 No Comments

Real estate listings in the country’s largest metro areas continued to grow in September while buyer demand is trending downward.

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.

Canadian housing activity slows in August following Bank of Canada rate hikes

BoC’s summer rate hikes continue to slow housing activity…except in Alberta and Atlantic Canada

September 15, 2023 No Comments

Real estate markets across the country continued to lose steam in August following the latest Bank of Canada rate hikes in June and July. Everywhere outside of Alberta and some pockets of Atlantic Canada, that is.

Recent rate hikes continue to slow housing activity in Canada’s largest cities

September 11, 2023 No Comments

Housing markets in the country’s largest markets continued to moderate in August, following the Bank of Canada’s recent interest rate hikes over the summer.