Canadian Housing

It’s been a tranquil fall season for Canada’s housing markets this year. Early results from local real estate boards confirmed the broad cooling that took hold late this summer persisted into November.

Higher interest rates are increasingly cooling housing markets across the country. But there’s no region feeling it more than Ontario at this stage.

High interest rates are exerting a growing toll on Canada’s housing markets. Early results from local real estate boards for October showed the broad softening of transaction activity continuing—as demand cooled in the face of elevated ownership costs. The strong influx of sellers seen in previous months paused in several markets (including Toronto, Vancouver and […]

The fall season is shaping up to be a relatively quiet period for Canada’s housing market.

Sellers are returning to the housing market. September was a case in point where new listings increased sequentially in all major markets.

The burden of home ownership costs got slightly lighter in the second quarter in Canada: RBC’s aggregate affordability measure for Canada fell for the second-straight time by 0.3 percentage points to 59.5%. Growing household income entirely accounted for the small improvement as buyers faced still-higher mortgage payments. But that burden remains extremely heavy overall: RBC’s […]

Higher interest rates continue to cool down Canada’s housing market following a surprising solid rebound this spring.

The new tax regime is said to be part of a suite of incentives intended to build more homes and enhance housing affordability in Canada.

Canada’s housing markets for the most part are seeing more balanced conditions as the fall season is about to get underway.

The Bank of Canada’s latest back-to-back hikes have put a damper on the housing market’s rebound this summer.

The Bank of Canada’s nineth and tenth rate hikes took the wind out of many real estate markets’ sails.

The surge in spring real estate sales is cooling off. Canadian home resales rose just 1.5% in June.