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Bouts of pain in property prices could help wake market up to economic and wage realities, economist says

In May, the number of new homes that started construction in Canada trended lower compared to the previous month, but still remained at elevated levels.

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in May 2022.

Nearly one in four homeowners say they will have to sell their home if interest rates go up further, according to a new debt survey from Manulife Bank of Canada.

House prices are set to continue falling across Canada as a result of the current market cooldown, with the only question being by how much, according to a well-known ... More

Central bank's outsized rate increases having a big impact, according to RBC.

"This is more likely to be a soft landing than a severe correction or some kind of crash or meltdown"

Canada’s housing market is cooling down but it is still hotter than the long-term average and will likely stay that way for the next couple of years.

The average price for a house in Canada fell for the second straight month in April, posting a 12.6% decline from March.

After two years of red-hot market activity, higher borrowing costs are causing a cool down in Canada’s feverish real estate markets during the traditionally busy spring ... More

The annual pace of new home construction in April surpassed analysts' expectations

The national market can still provide some impetus for home price growth despite declining sales, according to Royal Bank of Canada Senior Economist Robert Hogue.

Canadian home prices could fall a “relatively modest” five per cent by July as some owners are forced to sell in the face of the economic hardship brought on by ... More

The outlook on the Canadian housing market: RBC

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and listings were down sharply between February and March 2020.

The trend in housing starts was 204,717 units in March 2020, compared to 209,109 units in February 2020, according to Canada Mortgage and Housing Corporation (CMHC).

Real estate listings are drying up, open houses have been canceled, and buyers are staying home.

Realtors across Canada are kicking off the busy spring selling season with the unprecedented step of cancelling open houses, moves that could contribute to slower-than-forecast ... More

RBC senior economist Robert Hogue gives his latest housing market assessment

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up between January and February 2020.

The trend in housing starts was 208,525 units in February 2020, compared to 211,153 units in January 2020, according to Canada Mortgage and Housing Corporation (CMHC).

Lower mortgage rates likely to offset any major drag from a global outbreak

Canada’s housing market remains moderately vulnerable, while Toronto and Hamilton are seeing overheating and price acceleration, but that overvaluation seems to remain ... More

The pace of inbound immigration to Canada – cited as the fastest among the G7 nations – is driving an unprecedented housing boom.

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined between December 2019 and January 2020.

The national trend in housing starts essentially held steady in January.

The chief executive of the Bank of Nova Scotia says Canada’s housing market needs more supply, not a major change to the mortgage stress test.

Quarterly price trend report shows most major markets posted gains.

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales eased between November and December 2019.

There was a decline in the 6-month moving trend in Canadian housing starts in December.