Housing affordability worsened for Canadian households in 2024, with mortgaged homeowners driving much of the increase. Renters remained more likely to face unaffordable housing, while recent movers paid considerably more than longer-term tenants. First-time buyers and households awaiting social and affordable housing also reported substantial financial pressure. #HousingAffordability #RentalMarket #HousingCosts #CanadaHousing […]
Canada’s housing market is beginning to show signs of recovery as resales rise and prices stabilize. Stronger momentum is expected next year, but the improvement will likely remain gradual and uneven. High condo inventories, limited investor demand and economic uncertainty could still produce another false start. #RealEstate #HousingMarket #CanadaRealEstate #MarketRecovery […]
Canada’s housing market remains caught between an extended correction and a tentative recovery. Sales and prices are expected to decline in 2026 before improving modestly next year, supported by pent-up demand. Regional progress will be uneven, and condominium markets may continue to lag as economic risks threaten further false starts. #RealEstate #HousingMarket #CanadaRealEstate #MarketRecovery […]
Canada’s housing construction is increasingly shifting toward purpose-built rentals as ownership supply weakens. Toronto’s rental starts are rising sharply, while condominium and ground-oriented development continue to decline. CMHC warns that failing to build enough ownership housing now could create another supply crunch when demand recovers. #HousingSupply #RentalMarket #HousingMarket #CanadaRealEstate […]
The Bank of Canada has kept its overnight rate unchanged at 2.25% as inflation risks increase. Higher oil prices, rising global bond yields and upcoming tariffs are adding uncertainty to the economic outlook. A future rate hike is back on the table, depending on how economic conditions and incoming data develop. #RealEstate #HousingMarket #CanadaRealEstate […]
Toronto’s housing market could see more activity this fall following a relatively quiet summer. Bidding wars are reappearing in parts of the market, while fewer listings could create greater competition. Buyers remain cautious amid economic uncertainty, and the condo segment may continue to struggle. #TorontoRealEstate #HousingMarket #GTARealEstate #CanadaRealEstate […]
Canadian home sales recorded a fourth consecutive monthly gain in July, while new listings declined again. Supply and demand continued moving toward a more balanced market across much of the country. Prices remained broadly stable, with the national MLS® Home Price Index posting its first monthly increase since November 2024. #RealEstate #HousingMarket #CanadaRealEstate […]
Despite improved housing affordability in 61 Canadian cities, many buyers remain cautious. The biggest gains were in expensive regions like West Vancouver and Richmond, but incomes still struggle to keep pace with prices. A new survey shows that roughly half of Canadians would consider relocating to more affordable locales, with Edmonton, Sherbrooke and Charlottetown topping the wish lists . Lethbridge, Red Deer and Edmonton stand out as the most affordable markets, thanks to balanced growth and strong local economies . #RealEstate #HousingMarket #CanadaRealEstate […]
Ontario’s housing market is gradually becoming more accessible. MPAC data show that homes under $500,000 now account for nearly one-quarter of all Ontario real estate, up from 17% in 2022, although this share remains well below levels seen a decade ago. While condominium affordability has improved significantly, most townhouses and detached homes still exceed the $500,000 mark. Falling median prices in cities like Kitchener, Waterloo and Hamilton are expanding options for buyers who were previously priced out of the Toronto area. #RealEstate #HousingMarket #CanadaRealEstate […]
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