October 7, 2024
The influx is continuing to build inventory—which is still hovering near the equivalent of four months of supply.
September 6, 2024
Early reports on August home sales showed only small increases in most markets including Vancouver, Calgary, Edmonton, Toronto and Montreal.
August 8, 2024
After a small uptick between May and June, home resales fell again in some markets including Vancouver, Calgary and Toronto.
July 8, 2024
Transactions increased across the board with more buyers coming to the housing market. But buying was far from enough to absorb the new inventory that’s been accumulating for months.
June 7, 2024
Buyers remained in a wait-and-see mode in May with an interest cut looming around the corner.
May 7, 2024
Sellers are making their way back into the housing market—not everywhere but in some of Canada’s largest cities. Statistical reports...
April 8, 2024
Too many Canadians are struggling to find a home they can afford—making housing the defining issue of this country’s politics and economics.
March 8, 2024
Anyone expecting smooth sailing ahead for the housing market got a reality check in February. Month-to-month drops in home resales in several of Canada’s major markets were a reminder that very challenging affordability conditions
February 7, 2024
January marked the second consecutive month residential transactions increased in major markets across Canada. The uptick seen in early results...
February 1, 2024
Policy action supporting a supply-side boost will be crucial to bringing the market closer to a balance given strong demand side pressures.
January 29, 2024
Interest rates will continue to dictate the outcome of Canada’s housing market in 2024. We expect slow activity and softening prices in the early part of the year as the Bank of Canada keeps its policy rate high.
December 7, 2023
It’s been a tranquil fall season for Canada’s housing markets this year. Early results from local real estate boards confirmed the broad cooling that took hold late this summer persisted into November.