Canadian Housing

Any signs of market optimism that emerged in January (mostly from sellers) quickly vanished in February as concerns about the economic consequences of a trade war with the U.S. sent chills through participants.

New listings jumped 11% from December to January nationwide, the largest monthly increase in almost two years.

The significant risk that tariffs pose to Canada’s economy casts a potentially dark shadow over the housing market.

Early reports from local real estate boards showed a surge in new listings in January in several major markets led by Vancouver, Calgary, Toronto, and Montreal.

Interest rate cuts in Canada set the housing market on a recovery path in 2024, but there have been bumps along the way as demonstrated by activity in December.

The fall’s strong market rally lost a lot of steam in some of Canada’s major housing markets as resale transactions fell markedly in Calgary and Toronto between November and December, according to local real estate boards.

The deep housing market slump got the ball rolling last year with a modest depreciation of property values tamping down homeownership costs.

Canada’s rental market eased slightly in 2024 after a year of unprecedented tightness, but affordability challenges persist.

Canada’s housing market action got hotter as the temperature cooled this fall.

Most major areas reported rises in resales and prices from October, adding to gains realized the previous month.

Canadian homebuyers did more than dip their toes in the market in October—they were on a mission to make deals happen.

Interest rate cuts are finally boosting housing market activity in a visible way across Canada.