Special Housing Reports

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

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

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.

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

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 […]

Too many Canadians are struggling to find a home they can afford—making housing the defining issue of this country’s politics and economics.

Anyone expecting smooth sailing ahead for the housing market got a reality check in February. Month-to-month drops in home resales in several of Canada’s major markets were a reminder that very challenging affordability conditions

January marked the second consecutive month residential transactions increased in major markets across Canada. The uptick seen in early results from local real estate boards was from depressed levels in most cases and did little to alter the generally soft state of affairs in the housing sector (with a few key exceptions). But it suggests […]

Policy action supporting a supply-side boost will be crucial to bringing the market closer to a balance given strong demand side pressures.

Interest rates will continue to dictate the outcome of Canada’s housing market in 2024. We expect slow activity and softening prices in the early part of the year as the Bank of Canada keeps its policy rate high.

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.

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 […]