April 2024 home sales were down in comparison to April 2023, when there was a temporary resurgence in market activity. New listings were up strongly year-over-year, which meant there was increased choice for home buyers and little movement in the average selling price compared to last year.

As of the beginning of April, 2024, 324 cranes towered over the skies of the Greater Toronto and Hamilton Area (GTHA), representing a slight, but persistent, downward trend of both the previous quarter, and the same month last year. 

New study shows how parental wealth significantly affects millennials and Gen Z's home ownership and property values in Canada

Economic stagnation prompts the Bank of Canada to plan a rate cut in June, contrasting with the US Federal Reserve's strategy

The majority of Canadians aspiring to buy a home say they will push their plans to next year or later to wait for interest rates to drop, a new survey shows.

Canada’s recreational property market hasn’t seen an influx of listings and is unlikely to at all this year, according to Re/Max Canada’s 2024 Cottage Trends Report.

Canada’s quarterly gross domestic product edged up 0.2% in February, suggesting the Bank of Canada may have a reason to cut rates in the summer.

As variable-rate mortgage holders eagerly anticipate the Bank of Canada’s first rate cut, fixed rates are heading in the other direction: up.

Housing was a key priority in today’s federal budget, though it came as no surprise given the array of housing-related policy announcements unveiled in recent weeks.

Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.

An Altus Group study found that, in the final quarter of 2023, the Greater Toronto Area (GTA) witnessed a total dollar volume of $22.8 billion in 2023’s final quarter, showing a drop of roughly 25% compared to the year before.

Canadian regulator cracks down on high-debt mortgages to protect borrowers

Housing prices in the GTA are expected to rise 10 per cent this year and will likely surpass those in Greater Vancouver by the end of 2024, according to an updated forecast by Royal LePage.

While there are expectations the Canadian housing market will pick up on some level this year, home sales and prices were mostly unchanged on a month-over-month basis in March 2024, according to the latest data from the Canadian Real Estate Association (CREA).

The federal government today confirmed plans to consult with the mortgage industry on developing income verification tools through the Canada Revenue Agency.

Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians would help make home ownership more affordable.

News not all bad as central bank signals possibility of rate relief in June

The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent.

The housing affordability crisis in Canada is reaching alarming new heights, impacting middle-income families far beyond major cities, according to a new report from RBC.

The Bank of Canada is widely expected to keep its key overnight rate on hold Wednesday, as it gathers more evidence of cooling inflation before delivering its first interest rate cut in four years, which the money markets bet could come as early as June.