Canadian Housing

RBC Economics assesses the key indicators of Canada's housing market to see if there are any early warnings of potential imbalances.

Buyers were out in force—again—in January, driving up home resales to yet another record-high level in Canada.

The strong demand for and low supply of single-family homes is driving up prices at accelerating rates, while condo price trends are comparatively weaker.

RBC sees little that will stop activity or prices in Canadian housing market from reaching new highs in 2021.

We see little that will stop activity or prices from reaching new heights in the year ahead.

2020 will easily go down as the most surprising in the history of Canada's housing market. One where a global pandemic couldn't stop Canadians' desire to own a home.

The pandemic tremendously disrupted Canada's housing market but hasn't destroyed activity as spring transactions shifted to the summer and fall.

There continues to be few signs Canada's housing market is about to pause or even slow down in a material way.

Changing housing needs and low-interest rates kept housing markets boiling hot in November and resales increased between 23% and 32% year-over-year.

Anyone looking for a turning point in Canada's housing market will need to keep watching as October was a carbon copy of September.

Canada's largest housing markets remained piping hot last month with more action in the suburbs and condo sales in downtown areas.

2020 has been a year like no other for Canadian housing markets. RBC Economics looks at seven ways COVID-19 has affected housing.