Canadian Housing

The influx is continuing to build inventory—which is still hovering near the equivalent of four months of supply.

Interest rates may be coming down, but most Canadian homebuyers remain unconvinced that now is the right time to make a purchase.

Early reports on August home sales showed only small increases in most markets including Vancouver, Calgary, Edmonton, Toronto and Montreal.

Resales pulled back modestly—dipping 0.7% between June and July at the national level—partially offsetting a 3.5% advance in June.

After a small uptick between May and June, home resales fell again in some markets including Vancouver, Calgary and Toronto.

The first Bank of Canada interest rate cut in four years brought some energy to Canada’s housing market in June.

Transactions increased across the board with more buyers coming to the housing market. But buying was far from enough to absorb the new inventory that’s been accumulating for months.

Slight drops in interest rates and home prices lowered the costs of owning a home in Canada in the first quarter

The spring-long stalemate between buyers and sellers stretched into May. Home resales and prices were little changed nationwide, edging lower by 0.6% and 0.2% from the previous month, respectively. High interest rates and poor affordability have taken the wind out of the market’s sail for some time but a looming rate cut—delivered by the Bank […]

Buyers remained in a wait-and-see mode in May with an interest cut looming around the corner.

We saw a healthy number of new listings come to market this April—but even so, buyers remained on the sidelines across most major Canadian markets. Slower sales amid the influx of supply brought the available inventory back to pre-pandemic levels, relieving some of the supply-demand pressure in Canada’s housing market. Unlike prior months, activity dropped […]

Sellers are making their way back into the housing market—not everywhere but in some of Canada’s largest cities. Statistical reports for April from local real estate boards showed sharp increases in new listings and inventories in Vancouver, Toronto and Montreal. This could reflect a confluence of sellers that include many who took a pass at […]