Housing Costs Strain a Growing Share of Canadian Households
Housing affordability worsened for Canadian households in 2024, with mortgaged homeowners driving much of the increase. Renters remained more likely to face unaffordable housing, while recent movers paid considerably more than longer-term tenants. First-time buyers and households awaiting social and affordable housing also reported substantial financial pressure. #HousingAffordability #RentalMarket #HousingCosts #CanadaHousing […]
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Canadian Housing Shows Early Recovery Signs, but Risks Cloud the Outlook
Canada’s housing market is beginning to show signs of recovery as resales rise and prices stabilize. Stronger momentum is expected next year, but the improvement will likely remain gradual and uneven. High condo inventories, limited investor demand and economic uncertainty could still produce another false start. #RealEstate #HousingMarket #CanadaRealEstate #MarketRecovery […]
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Falling Home Values Deepen Canada’s Housing and Economic Strain
Falling home prices are beginning to weigh more heavily on Canada’s economy. Construction activity, household spending and mortgage borrowers are all facing growing pressure, particularly in Ontario and British Columbia. CIBC warns that substantially reducing homebuilding costs is essential to prevent the housing market’s difficulties from worsening. #RealEstate #HousingMarket #CanadianEconomy #CanadaRealEstate […]
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Canadian Housing Slump Set to Continue Before Uneven 2027 Recovery
Canadian home sales and prices are projected to decline further in 2026 before beginning a gradual recovery next year. British Columbia and Ontario could record stronger rebounds, while condominium markets are expected to lag. RBC cautions that confidence and several economic risks will determine whether the recovery gains momentum. #RealEstate #HousingMarket #CanadaRealEstate #MarketOutlook […]
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Canada Faces Persistent Housing Shortfall as Construction Slows
Canada must roughly double its projected homebuilding pace to restore pre-pandemic affordability by 2036. Slowing construction could leave the country nearly 2.4 million homes short and erase recent affordability improvements. Regional progress is uneven, while weakening ownership construction creates the risk of another supply crunch when demand returns. #HousingSupply #HousingMarket #Affordability #CanadaRealEstate […]
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Canada’s Housing Market Faces a Gradual and Uneven Path to Recovery
Canada’s housing market remains caught between an extended correction and a tentative recovery. Sales and prices are expected to decline in 2026 before improving modestly next year, supported by pent-up demand. Regional progress will be uneven, and condominium markets may continue to lag as economic risks threaten further false starts. #RealEstate #HousingMarket #CanadaRealEstate #MarketRecovery […]
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Rental Construction Rises as Canada’s Homeownership Supply Falls Behind
Canada’s housing construction is increasingly shifting toward purpose-built rentals as ownership supply weakens. Toronto’s rental starts are rising sharply, while condominium and ground-oriented development continue to decline. CMHC warns that failing to build enough ownership housing now could create another supply crunch when demand recovers. #HousingSupply #RentalMarket #HousingMarket #CanadaRealEstate […]
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Bank of Canada Keeps Rate at 2.25% as Inflation Concerns Increase
The Bank of Canada has kept its overnight rate unchanged at 2.25% as inflation risks increase. Higher oil prices, rising global bond yields and upcoming tariffs are adding uncertainty to the economic outlook. A future rate hike is back on the table, depending on how economic conditions and incoming data develop. #RealEstate #HousingMarket #CanadaRealEstate […]
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Toronto’s Fall Housing Market May Gain Momentum as Buyers Stay Cautious
Toronto’s housing market could see more activity this fall following a relatively quiet summer. Bidding wars are reappearing in parts of the market, while fewer listings could create greater competition. Buyers remain cautious amid economic uncertainty, and the condo segment may continue to struggle. #TorontoRealEstate #HousingMarket #GTARealEstate #CanadaRealEstate […]
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Canadian Home Sales Edge Higher as Market Balance Improves
Canadian home sales recorded a fourth consecutive monthly gain in July, while new listings declined again. Supply and demand continued moving toward a more balanced market across much of the country. Prices remained broadly stable, with the national MLS® Home Price Index posting its first monthly increase since November 2024. #RealEstate #HousingMarket #CanadaRealEstate […]
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Improved Affordability in Major Cities Still Has Canadians Looking Elsewhere
Despite improved housing affordability in 61 Canadian cities, many buyers remain cautious. The biggest gains were in expensive regions like West Vancouver and Richmond, but incomes still struggle to keep pace with prices. A new survey shows that roughly half of Canadians would consider relocating to more affordable locales, with Edmonton, Sherbrooke and Charlottetown topping the wish lists . Lethbridge, Red Deer and Edmonton stand out as the most affordable markets, thanks to balanced growth and strong local economies . #RealEstate #HousingMarket #CanadaRealEstate […]
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Sub-$500K Homes Gain Ground in Ontario, but Affordability Remains Limited
Ontario’s housing market is gradually becoming more accessible. MPAC data show that homes under $500,000 now account for nearly one-quarter of all Ontario real estate, up from 17% in 2022, although this share remains well below levels seen a decade ago. While condominium affordability has improved significantly, most townhouses and detached homes still exceed the $500,000 mark. Falling median prices in cities like Kitchener, Waterloo and Hamilton are expanding options for buyers who were previously priced out of the Toronto area. #RealEstate #HousingMarket #CanadaRealEstate […]
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Canadian Home Sales See First Significant Rise of 2026 Amid Stabilizing Prices
May brought a long‑awaited surge in Canadian home sales, with transactions up 5.5 per cent from April and Ontario driving much of the activity . Although volumes were still below last year’s pace, the Canadian Real Estate Association noted that underlying market conditions had been improving for months. Prices held steady, and a tighter sales‑to‑new‑listings ratio suggests a more balanced market . Economists warn, however, that condo values continue to slip in many Ontario cities . #RealEstate #HousingMarket #CanadaRealEstate […]
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Falling Rents Provide Little Relief as Affordability Still Out of Reach for Canadian Renters
Canada’s average asking rent dipped for a second straight month, but experts say affordability remains elusive as slower wage growth and a tight housing supply keep rents high . The national average fell to about $1,829 per month, with Alberta the lone province seeing a year‑over‑year decrease while Nova Scotia and Quebec logged increases . Economists warn that mortgage rates are likely to decline only gradually, and a limited supply of affordable homes will keep rents elevated . Households still devote roughly a quarter to a third of their income to rent, underscoring ongoing affordability challenges . #RealEstate #RentalMarket #CanadaRealEstate […]
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May home sales show emerging momentum despite annual decline
Canada’s May housing figures highlight both caution and optimism. National home sales were down 5.1 per cent from a year earlier but climbed month over month, the first meaningful increase this year . Average sale prices topped $700,000 for the first time in almost two years, and economists see signs that demand may continue to build . While regional markets like Edmonton remain steady and analysts remain cautious due to inflation and global uncertainties, the overall trend points to a gradual recovery and stabilising prices . #RealEstate #HousingMarket #CanadaRealEstate […]
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Canadian Buyer’s Dream Condo in Mexico Turns into Cautionary Tale
A Canadian’s attempt to secure a dream condo in Mexico ended in frustration when the pre-construction unit he paid for was never built. With more than 100,000 Canadians owning Mexican property, this case shines a light on the risks of buying overseas. The report urges prospective buyers to research developers, get legal advice, and confirm that projects are legitimate before making deposits. This cautionary tale emphasizes the importance of diligence when purchasing international real estate. #RealEstate #HousingMarket #CanadaRealEstate […]
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Canadian Multifamily Real Estate: Long‑Term Fundamentals Outshine Short‑Term Headwinds
Canadian multifamily rental markets have seen a short‑term pause due to slower immigration and a wave of unsold condos, but experts argue the outlook remains bright. Structural factors, population growth, housing shortages and affordability challenges, continue to favour rental housing, with home‑ownership costs consuming more than half of household income. Demographic shifts toward long‑term renting and the essential nature of housing keep occupancy and cash flows resilient. Investors who ignore the noise and focus on these long‑term fundamentals may find multifamily real estate an attractive, income‑producing asset class. […]
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Canada’s Spring Real Estate Market Falters as Buyers Return Cautiously
Canada’s spring real estate season has not blossomed as hoped, with sales remaining soft and buyers wary. Data show that sales in Vancouver slipped while national transactions dropped even as prices rose modestly . Economists attribute the weakness to stubbornly high borrowing costs and slower population growth, noting that investor demand for condos has dried up . While some first‑time buyers are edging back into the market, they are choosier and more price‑conscious, suggesting any recovery will be gradual . #RealEstate #HousingMarket #CanadaRealEstate […]
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Developers’ Sales Claims Cloud Canada’s Housing Market
Canadian homebuyers face an opaque housing market where some developers exaggerate how many units are sold and restrict presale owners from listing properties on MLS. Experts say Canada offers little public data on property ownership or sales history, allowing misleading marketing to go unchecked. With no regulator policing sham sales, analysts liken Canada’s housing sector to a “Wild West,” where buyers must guess a home’s true value. #RealEstate #HousingMarket #CanadaRealEstate […]
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