Canadian Housing

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.

Lower interest rates got the wheels turning a little faster in September for homebuyers.

Mortgage payments, property taxes and utilities fell as a share of median household income in Canada to 59.5% from 61% in Q1.