
real estate


Spring housing market surge unlikely as affordability, cost of living weigh on buyers
economists say a rebound awaits the national housing market — but don’t expect a big surge just yet.

Canadian recreational home prices expected to climb 5% this year amid supply squeeze
Median home prices in the country’s recreational housing markets are forecast to rise 5% in 2024 as demand grows for scarce listings.

National home sales in February up nearly 20% compared with year ago
The Canadian Real Estate Association says February home sales jumped 19.7 per cent compared with a year ago in what could mark the “last relatively uneventful month of the year.”

Value of Canadian farmland rises 11.5% in 2023: report
The value of Canadian farmland rose 11.5% in 2023, a new report by agriculture lending firm Farm Credit Canada has found.

CMHC reports annual pace of housing starts in January down 10% from December
Canada Mortgage and Housing Corp. says the annual pace of housing starts in January fell 10 per cent compared with December.

Canada’s largest cities saw home sales surge in January
The year started with a jump in home sales in Canada’s largest urban centres, with gains exceeding 30% in Toronto, Vancouver and Calgary.

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

Canada’s housing market to stabilize, but don’t expect return to “rollicking” price gains, BMO says
While stability is expected to return to the country’s housing market this year as interest rates ease, homeowners shouldn’t expect a return to the “rollicking” price gains of previous years.

2023 marked 15-year low in Canadian home sales, but ended with December “bounce”
Canadian existing home sales reached their lowest level in 15 years in 2023, although the year did end on a high note with a December “bounce” in activity.
