Rebecca

Upcoming housing reports will reveal if rising supply or returning buyers drive the spring market. March home sales data will indicate whether demand is picking up after a weak start to the year. Supply factors, including pent-up demand and backlog listings, will influence market balance. March housing starts data will show new construction trends, with […]

A survey found 55% of Canadians are not living in their ideal home, with most desiring a detached house averaging 2,098 sq ft, three bedrooms, 2.5 bathrooms, and a yard. Affordability is the main barrier, cited by 59%, followed by moving costs and saving for a down payment. Homeowners report higher satisfaction than renters, and

National home prices in Canada fell 3% year over year in March, with six of 13 major markets showing declines. Halifax joined cities like Ottawa, Hamilton, Toronto, Vancouver, and Victoria in price drops. Prairie markets saw modest gains, while Montreal and Quebec City posted strong increases. Townhouses and condos experienced the steepest price declines, while

Developers across Canada are increasing incentives as weak new-home sales signal softer housing demand and slower market momentum. Major declines in markets like Greater Toronto Area, Vancouver, and Montreal suggest near-term price growth may remain limited. Rising unsold inventory and promotional offers indicate buyers gaining leverage in new-construction negotiations.Slowing sales could reduce future housing starts,

The Bank of Canada policy rate is currently 2.25%, with most forecasts expecting interest rates to remain largely stable through 2026. Canada’s prime rate sits near 4.45% while inflation is about 2.3%, suggesting borrowing costs may stay steady rather than fall sharply. By the end of 2026, about 33% of Canadian mortgage holders are expected

Canada's spring housing market showed varied trends, with resale activity and prices differing by region. Prices fell in British Columbia, Alberta, and Ontario, but rose in Quebec, the Prairies, and Atlantic Canada. Toronto saw slight sales growth and lower inventory but continued price declines. Montreal had stable sales and price gains, while Vancouver and Calgary

Alberta homeowners renewing mortgages face rising rates after historically low ones from 2020-2021, with about 60% of mortgages up for renewal and one-third facing higher payments. Small rate differences can mask costly features like prepayment and portability. Many consider extending amortization to lower payments but risk higher interest overall. Alternatives like blend and extend offer

Affordable housing means more than making payments. It should not leave you paycheck to paycheck or unable to handle savings, emergencies, and routine costs. Two common rules help gauge affordability: keep housing near 30% of gross income, or use the 28/36 guideline for housing and total debt. The cash-flow test asks whether housing still leaves

Slide 1 Canada’s banking watchdog flagged risks in pre-construction condo appraisals potentially breaching 80% loan-to-value mortgage rules. Slide 2 Blanket appraisals worked during rising prices but create challenges as condo markets soften. Slide 3 Pre-construction condo prices dropped 10–30% from 2022 peaks, increasing valuation risks at closing. Slide 4 Regulatory scrutiny encourages stronger valuation practices,

Canadian vacation home prices are projected to rise about 4% in 2026, reaching roughly $604.5K nationally. Growth is expected nationwide, with some regions seeing gains of up to 5.5%. Higher-end markets remain near $1.06M, while more affordable areas average around $643.7K. Limited supply of recreational properties continues to support price growth despite cautious buyer activity.