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Housing starts down seven per cent in March from February: CMHC
Housing Starts / New DevelopmentsTuesday, April 16, 2024

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

OSFI announces new stress test for uninsured mortgages
MortgagesTuesday, April 16, 2024

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

GTA home prices to see biggest gains in 2024 as Canada's housing market set for 'uncomfortably busy' fall: Royal LePage
Couple With Real Estate AgentFriday, April 12, 2024

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.

Hints of Active Spring Market in March Housing Data
CREA NewsFriday, April 12, 2024

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).

Feds commit to exploring CRA income verification in budget 2024 to address mortgage fraud
CRA income verificationFriday, April 12, 2024

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

Ottawa to allow 30-year amortization for first-time buyers' mortgages on new homes
Home Buying Financing ConceptThursday, April 11, 2024

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.

Bank of Canada leaves spring housing market in 'holding pattern'
Home For Sale Ontario CanadaWednesday, April 10, 2024

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

Bank of Canada announces key interest rate decision
Bank Of CanadaWednesday, April 10, 2024

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

Housing crisis will worsen without imminent action, says RBC
Real Estate Market Recommendations RBCTuesday, April 9, 2024

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.

Bank of Canada to keep rates on hold this week, first cut seen as early as June
Bank of Canada GovernorMonday, April 8, 2024

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.

Home prices could hit peak levels by next year, set new highs in 2026: CMHC report
Home For Sale Ontario CanadaFriday, April 5, 2024

The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026.

Canada homebuilding down for third year, housing agency predicts
New Construction w SupervisorsThursday, April 4, 2024

Canadian homebuilders are expected to dial back new construction for a third straight year in 2024 as elevated borrowing costs reduce the appeal of starting projects, Canada's national housing agency said on Thursday.

Selling Prices Up In March and Set to Accelerate This Spring
TREB NewsWednesday, April 3, 2024

Greater Toronto Area (GTA) REALTORS® reported 6,560 sales through TRREB’s MLS® System in March 2024 – down by 4.5 per cent compared to March 2023.

Inflation expectations cast shadow on BoC's rate decision
Canadian Cash MoneyWednesday, April 3, 2024

Economists question their forecasts as inflation expectations challenge anticipated rate cuts

Luxury home sales surge in parts of Canada as buyers flee expensive big cities
Mansion w Swimming PoolTuesday, April 2, 2024

Luxury real estate sales have increased across the country in the first two months of the year but larger markets like Toronto are seeing less activity as some buyers look elsewhere amid steep prices, a new report has found.

Trudeau offers billions to boost homebuilding - with strings attached
Single House New Build FramingTuesday, April 2, 2024

Prime Minister Justin Trudeau is pressuring Canada’s provinces to remove barriers to building more housing, including requiring them to freeze municipal development charges and allow up to four units on every lot.

Canadian recreational home prices expected to climb 5% this year amid supply squeeze
Vacation PropertyWednesday, March 27, 2024

Median home prices in the country’s recreational housing markets are forecast to rise 5% in 2024 as demand grows for scarce listings.

OSFI rejects Competition Bureau recommendation to drop mortgage stress test for lender switches
MortgagesFriday, March 22, 2024

Canada’s banking regulator says it has no plans to remove the stress test on uninsured mortgages for borrowers who choose to switch lenders.

Inflation metrics give BoC room to talk cuts
Canadian Cash MoneyTuesday, March 19, 2024

Economists widely expect central bank to start cutting rates in June

Is it time for aggressive rate cuts?
Market ObserversTuesday, March 19, 2024

'I hope they're not tepid,' says expert about BoC's upcoming decisions

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