Tag: Housing

It’s official: Canada’s housing-market correction is over

Josh Sherman 08/26/2019

An economist with Canada’s biggest bank says the country’s housing-market correction “is officially over.”

2 of Canada’s longest-struggling housing markets are finally improving

Josh Sherman 08/09/2019

The struggle has been real for Alberta’s biggest housing markets — but the province’s embattled urban centres are showing some signs of improvement, local real estate boards report this month.

Ottawa to strengthen National Housing Strategy

Steve Randell 04/14/2019

The federal government announced Thursday that it is adding more strength to the National Housing Strategy.

Can the federal government make the housing market more affordable? Canadians aren’t sold

Josh Sherman 03/17/2019

The federal government is suggesting it’s going to tackle housing affordability issues, but it looks like many Canadians aren’t buying it.

Here’s how the final quarter of 2018 is shaping up for the Canadian housing market

Sarah Niedoba 12/11/2018

With just a few weeks remaining in the final quarter of 2018, it’s time to consider how the Canadian housing market is faring as we speed towards 2019.

Canadian home sales fall in October, as the summer activity “bounce” runs its course

Sarah Niedoba 12/10/2018

Canadian home sales fell 1.6 percent month-over-month in October, the second month of falling activity for the housing market.

Previously well performing markets saw sales declines, including a 2.9 percent drop in Montreal and a 16.8 percent decline in Hamilton, according to the latest data release from the Canadian Real Estate Association (CREA).

Significant growth for green building survey shows

Steve Randell 12/06/2018

Concerns about the environment, coupled with the growing demand of investors for responsible investing, is helping to drive the move towards green building.

A new survey of more than 2,000 building professionals from 86 countries reveals that 47% expect that most (60%) of their new projects will be green by 2021.

8 need-to-know stats about the Canadian housing market heading into 2019

Sarah Niedoba 12/03/2018

While there have been plenty of predictions about where the Canadian housing market might be headed in the new year, it’s important to take stock of where activity levels stand today. Without the proper context, even the best forecasts from industry experts can be difficult to fully grasp.

With this in mind, Livabl has collected 10 stats about the market, covering everything from the slowly warming Toronto housing market to new homes sales numbers, luxury home prices, and more.

Canada’s housing starts are steadily slowing down – CMHC

Ephraim Vecina 11/27/2018

Preliminary housing starts data for October 2018 are pointing to a national market that is steadily slowing down due to pressure from various factors, according to the Canada Mortgage and Housing Corporation (CMHC).

“The national trend in housing starts declined for a fourth consecutive month in October, which leaves the trend at its lowest level since February 2017,” CMHC chief economist Bob Dugan stated in the starts report.

Here’s what the next 2 years will look like for the Canadian housing market

Sarah Niedoba 11/22/2018

The Canadian housing market will see activity moderate over the next two years, according to the latest forecast from the Canada Mortgage and Housing Corporation (CMHC).

The federal housing organization is predicting a flattening of sales and prices in 2019, with the average national home sale price coming in somewhere between $501,400 and $521,600.

This historically affordable Canadian city is about to get a lot pricier

Sarah Niedoba 11/19/2018

Canadian homebuyers are increasingly looking for cheap alternatives to the pricey Toronto housing market. One contender that has emerged in recent months? Ottawa, which has seen activity gain momentum throughout 2018.

Here’s how deteriorating affordability is affecting the Canadian housing market this November

Sarah Niedoba 11/18/2018

A series of policy changes has cooled Canadian home price growth, while eating into the budgets of would-be homebuyers. How is this affecting housing activity this month? Livabl has rounded up the latest industry commentary to keep you in the know.

Watch out: the Canadian housing market could become a drag on the economy in 2019

Sarah Niedoba 11/16/2018

The Canadian housing market hasn’t provided much of a boost to the country’s economy in 2018 and, according to one bank, it’s a trend that will likely continue in the new year.

Housing starts have been slowing in recent months, which CIBC economist Royce Mendes believes is a sign that the market will exert a drag on the Canadian economy in 2019.

Research reveals preference for single family homes

Neil Sharman 11/14/2018

Despite rising housing costs, eight out of ten young, urban families in Canada’s key metropolitan areas would prefer to live in a detached single family home if money was no object. This was one of the main highlights in a recent report released by Mustel Group and Sotheby’s International Realty Canada on home ownership trends among modern families.

Canadians’ household debt levels continue to slow, at least when it comes to mortgages

Sarah Niedoba 09/26/2018

Ever since the introduction of a new mortgage stress test in January, Canadians’ mortgage debt levels have been on the decline, and last quarter was

Think a cooler Canadian housing market means household debt is on the decline? Think again

Sarah Niedoba 09/05/2018

After reaching a record level of activity in the spring of 2017, the Canadian housing market has cooled considerably over the past few quarters. But

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