Monthly Housing Market Update

The threat of U.S. tariffs has become top of mind for those considering buying or selling a home in Canada.

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

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.

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

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

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

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

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

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

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 […]

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 […]