Special Housing Reports

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 […]

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

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

The initial reaction to the Bank of Canada’s June rate hike—and the prospect for a follow-up in July—has been mixed across local housing markets.