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 […]
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 […]
May brought a long‑awaited surge in Canadian home sales, with transactions up 5.5 per cent from April and Ontario driving much of the activity . Although volumes were still below last year’s pace, the Canadian Real Estate Association noted that underlying market conditions had been improving for months. Prices held steady, and a tighter sales‑to‑new‑listings ratio suggests a more balanced market . Economists warn, however, that condo values continue to slip in many Ontario cities . #RealEstate #HousingMarket #CanadaRealEstate […]
Canada’s average asking rent dipped for a second straight month, but experts say affordability remains elusive as slower wage growth and a tight housing supply keep rents high . The national average fell to about $1,829 per month, with Alberta the lone province seeing a year‑over‑year decrease while Nova Scotia and Quebec logged increases . Economists warn that mortgage rates are likely to decline only gradually, and a limited supply of affordable homes will keep rents elevated . Households still devote roughly a quarter to a third of their income to rent, underscoring ongoing affordability challenges . #RealEstate #RentalMarket #CanadaRealEstate […]
A Canadian’s attempt to secure a dream condo in Mexico ended in frustration when the pre-construction unit he paid for was never built. With more than 100,000 Canadians owning Mexican property, this case shines a light on the risks of buying overseas. The report urges prospective buyers to research developers, get legal advice, and confirm that projects are legitimate before making deposits. This cautionary tale emphasizes the importance of diligence when purchasing international real estate. #RealEstate #HousingMarket #CanadaRealEstate […]
Canadian multifamily rental markets have seen a short‑term pause due to slower immigration and a wave of unsold condos, but experts argue the outlook remains bright. Structural factors, population growth, housing shortages and affordability challenges, continue to favour rental housing, with home‑ownership costs consuming more than half of household income. Demographic shifts toward long‑term renting and the essential nature of housing keep occupancy and cash flows resilient. Investors who ignore the noise and focus on these long‑term fundamentals may find multifamily real estate an attractive, income‑producing asset class. […]
A REMAX Canada report finds that nearly half of prospective buyers, and especially millennials, view cottages as a practical first step into the housing market . With traditional home prices out of reach and some vacation spots now more affordable, young Canadians are looking to recreational properties for long‑term value . Yet return‑to‑office mandates, maintenance expenses and higher insurance costs may temper the appeal . Could a cottage be your stepping‑stone to homeownership? #RealEstate #HousingMarket #CanadaRealEstate […]
Trade tensions and tariff uncertainty continue to influence Canada’s housing market outlook, affecting buyer confidence and economic expectations. Some potential buyers remain cautious as employment and economic stability remain key concerns. Increased inventory and easing price pressures may support modest growth in 2026. Greater clarity on trade policy could help improve market confidence. #RealEstate #HousingMarket #CanadaRealEstate […]
A key week of housing data releases could help shape expectations for Canada’s spring real estate market. Sales activity, housing starts, and building permits will offer insight into whether the market is stabilizing or continuing to adjust under affordability pressures. Early signals suggest conditions may be improving slightly, though demand remains cautious. Upcoming reports could clarify whether supply and buyer activity move toward balance this spring. #RealEstate #HousingMarket #CanadaRealEstate […]
Despite affordability challenges, many Canadians continue to see homeownership as a key life goal. A recent poll shows strong interest in buying property even as financial pressures shape expectations and timelines. Housing costs remain a major obstacle, but the desire to own a home remains resilient. The findings highlight the lasting importance of homeownership across Canada. #RealEstate #HousingMarket #CanadaRealEstate […]
Global tensions following strikes involving Iran are sending shockwaves through the economy—from oil prices to financial markets. The ripple effects could also reach Canadian homeowners by influencing mortgage rates. Rising bond yields and shifting expectations around Bank of Canada rate cuts may keep borrowing costs elevated. Here’s how the conflict could impact your wallet. #RealEstate #MortgageRates #HousingMarket #CanadaEconomy […]
A Statistics Canada study says declining construction productivity—especially among small firms—is worsening Canada’s housing affordability challenges. Labour productivity in housing construction has fallen sharply, with rising employment outpacing output for over two decades. Experts say the industry must adopt new technologies and more efficient building methods to meet future housing needs. Ontario saw the largest productivity drop, underscoring the need for major structural improvements. #RealEstate #HousingAffordability #CanadaHousing #ConstructionIndustry […]
Canada’s housing market saw a 5.8% drop in sales in January, with CREA citing a severe Ontario snowstorm as a major contributor to the slowdown. Market softness from late 2025 also carried into the new year, keeping many buyers on the sidelines. Prices dipped year over year, and affordability remains challenging for first-time buyers. CREA still expects modest improvement in 2026. #RealEstate #HousingMarket #CanadaRealEstate […]
Canada experienced year-over-year rent declines in every month of 2025, culminating in December’s average asking rent falling to $2,060, the lowest in roughly 2½ years. National rents slipped 3.1 per cent over the year, reversing earlier upward trends driven by high demand. Purpose-built and condo rents both eased, with regional variations across provinces. Increased supply, slower population growth and affordability pressures helped push rents lower across the country. #CanadaRentals #HousingMarket #RentalTrends #AffordableHousing […]
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