Beginning of the end for Canada’s housing market downturn?
November 15, 2022
Canada’s housing market may be entering the latter stages of its cyclical downturn. The pace of decline is now slowing—there...
Housing market correction spreads widely across Canada
October 14, 2022
September marked the seventh-straight monthly decline in home resales in Canada (down 3.9%).
Bottom still a ways away for Canada's housing market
August 15, 2022
Formerly overheating markets in Ontario and parts of the BC Lower Mainland have been the epicentre of the downturn to date.
Canada's housing market correction gets more serious
July 15, 2022
Earlier (super) tight demand-supply conditions are easing rapidly.
Canada’s housing market taps on the brakes as interest rates rise
May 16, 2022
The Bank of Canada’s interest rate liftoff was quick to rein in supercharged housing activity and weigh on home prices....
Low supply still front and centre at start of spring season
April 19, 2022
Home resales and new listings both fell by similar extents in March—down 5.4% m/m and 5.5%, respectively, nationwide—keeping inventories scarce.
Canada’s housing market crushed earlier records in 2021
January 17, 2022
Market activity started 2021 with a bang and stayed incredibly strong all year. Canada’s housing market enters 2022 in broadly the same way than it did in 2021: under the scorching heat of supercharged demand running against historically low inventories.
Home prices surge in Canada as 2021 draws to a close
December 15, 2021
Home resales picked up 0.6% m/m to 651,000 units (seasonally adjusted and annualized) in November nation-wide.