Canada’s average home price remained at a historical high in November as housing inventory remains at historical lows.
The average sale price in the month was $603,000, 13.8% from a year earlier, according to data released by the Canadian Real Es…
First-time homebuyers in three of Canada’s most expensive housing markets will soon have an easier time qualifying for the First-Time Home Buyer Incentive (FTHBI).
The government’s recent Fall Economic Statement included changes that will ease el…
The average home price in Canada continued to trend higher in October as housing supply fell to a fresh record low.
The Canadian Real Estate Association reported the average sale price at $607,250 for the month, an increase of 15.2% from a year e…
It’s a refrain Mortgage Broker News readers will be all too familiar with: “Why isn’t my credit score better? I pay my rent every month. How can that not matter?”
The postponed spring housing market has now extended its run well into fall, with home sales in Toronto and Vancouver up 25% and 29%, respectfully, compared to a year ago.
The high demand is continuing to put pressure on prices as well. The avera…
The average home price in Canada surpassed $600,000 for the first time ever in September and home sales jumped nearly 46% compared to a year ago.
But, beneath the headline-grabbing details from the Canadian Real Estate Association’s latest housin…
The fall was supposed to herald in a period of more subdued housing activity and home price growth. But preliminary September data for the Greater Toronto and Vancouver areas tells a very different story.
In the GTA, home sales reached a new reco…
In light of the past six months of COVID-19-triggered uncertainty, home sales in Canada have been shockingly brisk as a combination of FOMO and low interest rates keep drawing buyers into the market. The feeding frenzy won’t last…
There may be uncertainty on the horizon for the country’s real estate market, but young Canadians are undeterred and remain optimistic about the prospect of buying a home.
Nearly one in five young Canadians aged 18-34 say the pandemic has acceler…
At the national level, Canada’s housing market showed “moderate evidence of overvaluation” in the second quarter, according to the Canada Mortgage and Housing Corporation. “The evidence of rising imbalances in some local housing markets coupled with the general weakening of housing market fundamentals results in a moderate degree of overall vulnerability being maintained for the Canadian housing market,” reads the agency’s Housing Market Assessment (HMA) released this week. The data covers up to the end of June, during the height […]
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