Montreal has dethroned Ottawa as Canada’s most in-demand housing market, according to the Scotiabank Housing Market Watch for August 2019.
There was an increase in Canadian home sales in August with a 1.4% improvement compared to July.
Mortgage stress testing did more than just make it tougher for many Canadians to purchase a home — it also eroded their confidence in the housing market.
But Canadians seem to be regaining their confidence, more than a year and a half after policymakers introduced stress testing for uninsured mortgages.
New analysis from a leading economist puts the recent Canadian housing downturn in perspective by comparing it to previous booms and busts of the last 30 years.
The recent stability seen in some of Canada’s biggest markets is here to stay, suggests one of the country’s leading real estate companies.
A rush of homeowners are going to renew mortgages next year and when they do, they’ll most likely be faced with higher interest rates than when they signed on last. Will they be able to keep up with payments?
The governor of the Bank of Canada suggests it won’t be long before the country’s housing market has bounced back and starts growing once again.
Canada’s home prices increased 4% year-over-year in the fourth quarter of 2018, a sign of the market recovering from “the most significant housing correction” since the financial crisis.
“When sales-to-new listings ratios per neighbourhood fluctuate, it hits some neighbourhoods first,” explained John van Oosterhout, director of partnerships at Value Connect. “Higher-end neighbourhoods are usually affected first, as are neighbourhoods with a high number of investment properties.”
Canada’s latest GDP numbers will be released later this week and, to no one’s surprise, the country’s housing market will likely have an impact on
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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