Canada Housing News
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Will 2023 be your year to enter the housing market? What 1st-time buyers need to knowHome sales and prices have fallen in 2022 as the Bank of Canada raised its policy interest rate in a bid to cool searing-hot inflation.CanadaDec 27, 2022
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Canadian home prices may drop further as affordability gap widens: PBOCanada's affordability gap - the difference between what a home costs and what a household can afford to pay for a home - has widened this year.CanadaSep 29, 2022
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Rent-to-own a path to homeownership for some, but not a ‘magic solution’: expertsAs the federal government is pushes rent-to-own as a path to homeownership for Canadians, some experts warn it's not the silver bullet to housing affordability some might imagine.MoneyAug 31, 2022
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Canada housing market showing signs of ‘cooling’ as more interest rate hikes loomThe Bank of Canada's interest rate hike is already having an impact on the housing market, but experts are divided on whether home prices will rise or fall in the long term.MoneyMar 28, 2022
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‘Year of the condo’: Waning pandemic could see migration back to big citiesDemand in Canada's condo market could well withstand rising interest rates as the gradual end of the COVID-19 pandemic sees buyers shift back towards big cities.MoneyMar 15, 2022
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Average home price in Canada hit a record $816,720 in FebruaryThe average Canadian home price was up by 20.6 per cent from $677,435 last year, according to the Canadian Real Estate Association (CREA).MoneyMar 15, 2022
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Canadian home sales set new record in 2021, topping previous high by 20%: CREAAbout 667,000 residential properties changed hands in 2021, about 30 per cent more than the 10-year average, CREA says.CanadaJan 17, 2022
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Canada’s housing market remains ‘highly vulnerable’: CMHCThe national housing agency says in its quarterly housing market assessment that markets in Toronto, Hamilton, Vancouver, Victoria and Saskatoon are highly vulnerable.CanadaOct 26, 2017
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