11/22/2022 | Posted in Rental Market by Ron Hyde
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Having already surpassed pre-pandemic levels, the average rent in Canada continued to rise in October. ... More

Real Estate & Mortgage News

  11/16/2022 | Posted in Canadian Housing Market by Ron Hyde
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Sales data shows some positive signs and Scotiabank believes the market could be on course for better days ahead. ... More

Real Estate & Mortgage News

  11/15/2022 | Posted in Canadian Housing Market by Ron Hyde
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged a little higher in October 2022. ... More

Real Estate & Mortgage News

  10/20/2022 | Posted in Canadian Housing Market by Ron Hyde
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In September, the seasonally adjusted composite index fell by 2.0%, matching the previous month’s record decline and representing a fifth consecutive monthly contraction. ... More

Real Estate & Mortgage News

  10/14/2022 | Posted in Canada Living by Ron Hyde
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Many economists say a mild recession is on the cards as they look ahead to 2023. ... More

Real Estate & Mortgage News

  10/14/2022 | Posted in Canadian Housing Market by Ron Hyde
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in September 2022. ... More

Real Estate & Mortgage News

  10/14/2022 | Posted in Canadian Housing Market Predictions by Ron Hyde
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Canada Mortgage and Housing Corp. is predicting housing prices will continue to drop in 2023, but is warning the fall will do little for affordability. ... More

Real Estate & Mortgage News

  10/11/2022 | Posted in Canadian Housing Market by Ron Hyde
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TD Economics has revised its housing forecast to account for even steeper price declines in early 2023 and then slower growth for the remainder of the year. ... More

Real Estate & Mortgage News

  10/7/2022 | Posted in Canadian Housing Market by Ron Hyde
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While home prices across Canada are projected to fall further into the early part of next year, the housing market is in the midst of a correction rather than a crash, according ... More

Real Estate & Mortgage News

  10/3/2022 | Posted in Interest Rates by Ron Hyde
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While many economists have predicted the Bank of Canada’s interest rate will peak at 4%, the Organisation for Economic Co-operation and Development (OECD) has gone five ... More

Real Estate & Mortgage News

  9/30/2022 | Posted in Canadian Housing Market Predictions by Ron Hyde
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Canada’s national housing agency plans to revamp its forecasts to call for a drop of as much as 15% in home prices, as higher mortgage rates threaten to cause a protracted ... More

Real Estate & Mortgage News

  9/29/2022 | Posted in Foreign Buyers by Ron Hyde
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Proposals by the federal government to restrict foreign access to the Canadian housing market run the risk of complicating mortgage financing while not adequately addressing the ... More

Real Estate & Mortgage News

  9/20/2022 | Posted in Canadian Housing Market by Ron Hyde
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In addition to recording a fourth consecutive monthly decline on a seasonally adjusted basis, the Teranet-National Bank Composite House Price Index™ experienced its largest ... More

Real Estate & Mortgage News

  9/15/2022 | Posted in Canadian Housing Market by Ron Hyde
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales slowed slightly in August 2022. ... More

Real Estate & Mortgage News

  8/25/2022 | Posted in Canadian Housing Market by Ron Hyde
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While market activity has decelerated significantly in recent months, several factors will act in concert to prevent an all-out housing crash, market observers argue. ... More

Real Estate & Mortgage News

  8/15/2022 | Posted in Canadian Housing Market by Ron Hyde
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales slowed further in July 2022. ... More

Real Estate & Mortgage News

  8/12/2022 | Posted in First Time Home Buyers by Ron Hyde
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Details of a new account to help Canadians save to buy their first home have been revealed this week. ... More

Real Estate & Mortgage News

  7/18/2022 | Posted in Mortgages and Real Estate by Ron Hyde
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A BMO Capital Markets senior economist says the Bank of Canada's recent move to increase its key interest rate is setting up the housing market for an even deeper correction ... More

Real Estate & Mortgage News

  7/15/2022 | Posted in Canadian Housing Market by Ron Hyde
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in June 2022. ... More

Real Estate & Mortgage News

  7/12/2022 | Posted in Canadian Housing Market Predictions by Ron Hyde
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CMHC revises down home price forecast over next two years to adjust for interest rate spike. ... More

Real Estate & Mortgage News

  6/30/2022 | Posted in Canada Living by Ron Hyde
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This trend could spur further growth in the Canadian housing market ... More

Real Estate & Mortgage News

  6/28/2022 | Posted in Interest Rates by Ron Hyde
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Inflation in Canada grew at a pace not seen since 1983, further increasing the likelihood of an “oversized” rate hike of 75 basis points at the Bank of Canada’s ... More

Real Estate & Mortgage News

  6/24/2022 | Posted in Canada Living by Ron Hyde
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Majority of supply gap found in Ontario and British Columbia, agency says ... More

Real Estate & Mortgage News

  6/22/2022 | Posted in Rental Market by Ron Hyde
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The Canadian housing market continues to witness a dramatic climb in rental prices according to a report from rental listing platform Zumper published last Wednesday. ... More

Real Estate & Mortgage News

  6/16/2022 | Posted in Canadian Housing Market by Ron Hyde
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Bouts of pain in property prices could help wake market up to economic and wage realities, economist says ... More

Real Estate & Mortgage News

  6/16/2022 | Posted in Canadian Housing Market by Ron Hyde
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In May, the number of new homes that started construction in Canada trended lower compared to the previous month, but still remained at elevated levels. ... More

Real Estate & Mortgage News

  6/15/2022 | Posted in Canadian Housing Market by Ron Hyde
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in May 2022. ... More

Real Estate & Mortgage News

  6/13/2022 | Posted in Canadian Housing Market by Ron Hyde
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Nearly one in four homeowners say they will have to sell their home if interest rates go up further, according to a new debt survey from Manulife Bank of Canada. ... More

Real Estate & Mortgage News

  6/8/2022 | Posted in Canadian Housing Market by Ron Hyde
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House prices are set to continue falling across Canada as a result of the current market cooldown, with the only question being by how much, according to a well-known economist. ... More

Real Estate & Mortgage News