Canadian Housing

Canada's housing market heated up further in the early months of 2021, driving RBC's affordability measure to its worst level in 31 years.

Strong competition between home buyers is keeping intense upward pressure on property values.

Policymakers' light touch on the Canadian housing market will not restore balance to the housing market in the near term, says RBC Economics.

Home resales fell broadly from April to May in major Canadian markets. For the most part, low seller turnout was the main cause for the moderation, not cooling demand.

Despite easing in the past three months, demand-supply conditions in the housing market remain tight, sustaining intense upward price pressure.

RBC Economics expects single-family home affordability to continue to deteriorate, driving more buyers toward condos.

Another month brings another record high for home resales in Canada's housing market.

Concerns about overheated markets didn't faze homebuyers in March. Record number bidding contests continued in major markets across the country.

The housing fever that struck Canada last summer took a widespread, although uneven, toll on affordability across the country in the fourth quarter.

What's the main issue with Canada's housing market right now? RBC Senior Economist Robert Hogue answers this question and more on Canadian housing.

Rising home prices have led to an increased sense of urgency among Canadian homebuyers—fearing they might miss out on buying a home they can afford.

Home resales stayed sky-high last month, as fierce competition between buyers was increasingly driven by a 'fear of missing out'.