Canadian Housing

For the most part, Canada’s housing markets started 2023 the same way they ended 2022: quietly.

Property values have been under intense downward pressure across Canada.

The Bank of Canada’s battle against inflation has made it a lot harder to buy a home in this country.

The pace of decline may have slowed in recent months but Canada’s housing market is still firmly in correction mode.

Burgeoning rentership will put tremendous pressure on our rental stock—already stretched and inadequate in many parts of the country.

Canada’s housing markets are still squarely in correction mode.

The mortgage stress test has been a source of tension from the moment Ottawa rolled it out in its current form in 2018.

Canada’s housing market may be entering the latter stages of its cyclical downturn. The pace of decline is now slowing—there was even a tiny monthly increase in home resales nationwide in October—marking a notable shift from the deep fall in activity that took place over the spring and summer. Property values are still clearly coming […]

Unsurprisingly, soaring interest rates are keeping the temperature significantly down for Canada’s housing markets this fall.

The decline in household wealth comes at a time when Canadians are already feeling the squeeze of higher inflation and rising interest rates.

September marked the seventh-straight monthly decline in home resales in Canada (down 3.9%).

Price trends vary across the Greater Toronto Area but the stillness in activity is widespread.