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Analysis of national and provincial trends in housing affordability and developments in major metropolitan housing markets.
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Improving housing affordability in Canada takes a backseat
March 31, 2025
Homeownership costs see a fourth straight drop in Canada, but the trade war is likely to loom large over the market near term.
Monthly Housing Market Update
Trade war sours Canadian housing market sentiment and recovery
April 15, 2025
The trade war is derailing what was shaping up to be a solid recovery in Canada’s housing market.
Special Housing Reports
Canada’s housing markets crack under weight of trade war
May 7, 2025
The MLS Home Price Index fell again in several markets in April — extending months-long negative streaks for the most part.
Home Resale and Price Forecast
RBC's projections for the housing market in Canada and the provinces
Home Resale and Price ForecastOlder Reports
Housing Affordability
A quarterly report pinpointing cross-country trends in housing affordability in provincial and major metropolitan housing markets.
Monthly Housing Market Update
An analysis of the latest data and developments in Canada’s housing market.
Lower rates stoked Canada’s housing market momentum this fall Canadian home sales jump in October but strong pace will be hard to sustain Slowly but surely—Canada’s homebuyers begin to respond to rate cuts Canada’s housing market still in a wait-and-see mode Housing market activity static again after June bump Rate cut gives small boost to Canada’s housing market Homebuyers play the waiting game Influx of new listings help ease supply-demand pressure Mixed start to the spring housing market Bumpy recovery for Canada’s housing market End of the correction? Canada’s housing market is warming up Canada’s housing market ended 2023 on a stronger note
Canada’s housing market downturn is spreading Ontario leads Canada’s housing market cooldown Home prices edge lower in Canada Housing market stagnation setting in Hot summer, cooler housing market in Canada Pace of Canada’s housing market rebound moderates Canada’s housing market recovery gains more traction ‘Game on’ for Canada’s housing market? Green shoots in Canada’s housing market Canada’s housing market finally finding its footing? Home prices still dropping across Canada Canada’s housing market inches closer to a cyclical bottom
Canada's housing market stays quiet as end of year nears Beginning of the end for Canada’s housing market downturn? Housing market correction spreads widely across Canada Canadian home buyers feeling the heat of higher interest rates Bottom still a ways away for Canada's housing market Canada's housing market correction gets more serious Canada's housing market in full-blown cooling mode Canada’s housing market taps on the brakes as interest rates rise Low supply still front and centre at start of spring season Signs of market rebalancing loom as home prices continue to escalate Canada’s housing market crushed earlier records in 2021
Home prices surge in Canada as 2021 draws to a close Canadian home buyers dig deeper, bid higher Canada’s housing market run has more in the tank Home price appreciation easing across Canada Lack of sellers holds back Canada's housing market Canada's housing market slowed down in June but still strong Home prices haven't peaked yet in Canada Home prices keep escalating in Canada but moderation may be coming March was a record month all-round for Canada's housing market FOMO, low inventories drive Canadian home prices up $100,000 since August Canada's Housing Market Ramped up as 2021 Rolled In Canada's housing market ended 2020 on a (very) high note
Canada's Housing Market Kept on Rolling in November Canada's Housing Market Was Exceptionally Strong in October Canada's Housing Market Got Hotter in September Canada's Housing Market Reached New Heights in August Canada's Housing Market Soared to Record High in July Pent-up Demand Pushed Home Resales Higher in June Canada's Housing Market Woke up in May Canada's Housing Market Mostly Shut down in April—can Only Pick up from Here Pandemic Throws Housing Market off Course March 2020 February 2020 January 2020
Special Housing Reports
Canada’s building homes fast─but for how long? Canada’s homebuyers wait out trade war fallout Trade turbulence shakes Canada’s housing market foundations Canada’s housing market outlook: Sustaining recovery in uncertain times Sellers set the tone in Canada’s housing markets as 2025 rolls in Canada’s housing markets see a mixed finish to 2024
More supply and cooling demand ease Canadian rental market pressures in 2024 Canada’s housing market ends the fall season on an upswing Are October’s sales gains an inflection point for Canada’s housing markets? New listings shoot higher in most major markets Rate cuts have yet to pull Canada’s housing markets out of their slump Housing markets look for deeper rate cuts to ramp up activity Inventories rebuilding fast in largest housing markets Canada’s housing markets in a holding pattern Spring brings sellers out; buyers remain hesitant The Great Rebuild
Seven ways to fix Canada’s housing shortage Reality check: Canada’s housing market isn’t out of the woods yet Early signs of a housing market upturn emerge across Canada It’s never been harder to rent in Canada—vacancy rates fall to 35-year low Canada's housing market outlook: A tale of two halves in 2024
Seven ways to fix Canada’s housing shortage Reality check: Canada’s housing market isn’t out of the woods yet Early signs of a housing market upturn emerge across Canada It’s never been harder to rent in Canada—vacancy rates fall to 35-year low Canada's housing market outlook: A tale of two halves in 2024
All quiet on most fronts in Canada’s housing markets Fall market stuck in a low gear across Canada More sellers, fewer buyers take pressure off housing prices in Canada GST measure is a step toward closing Canada’s rental housing gap Housing market tensions continuing to ease across most of Canada Real estate action dims in Ontario and BC but Prairie markets keep on rolling Housing market momentum diverges across Canada Influx of sellers speeds up Canada’s housing market recovery Canada’s housing markets heat up this spring Canadian housing market outlook: The bottom of the downturn is in sight New year, same calm in Canada’s housing markets
Housing market correction widespread across Canada It's review time for the mortgage stress test Quiet fall housing market across Canada Canadian home buyers on the defensive Higher interest rates weigh down on Canada’s housing markets Downturn deepens in Canada's housing markets Downgrading our forecast for Canada's housing market Canada's housing markets rebalancing fast The Great Moderation? Tightening cycle spurs softer housing demand this spring Rising interest rates a game-changer for Canada's housing market Budget 2022 is big on housing, but won't immediately relieve affordability crisis A split is emerging: local housing trends start to diverge A turning point? More sellers enter Canada's housing market in February Which is Canada's most expensive market? The answer just changed The fever breaks: Canada's housing market will cool but stay strong in 2022
The temperature rose in Canada's major markets in November Wanted: homes for sale, as inventories fall across Canada in October The Canadian housing market outlook Home builders are tackling Canada's housing supply shortage Canada's housing markets: low inventories and fatigue dampen activity in August Overheating risk eases as Canadian housing market calms down Policy action provides partial fix to Canada's housing market imbalance Broad decline in housing activity didn't slow price gains in May Canadian housing markets glided to a lower orbit in April Home prices spiked further across Canada in March despite more sellers Hot Canadian housing markets call for a policy response Steaming-hot Housing Market Conditions Persist Despite Cold February Weather Super-strong Housing Market Is Far from Risk-free New Year, Same Tight Housing Market Conditions Across Canada Canada's housing market headed for another record year in 2021 Spectacular End to a Spectacular Year for Canada's Housing Markets
Housing Markets Stayed Solid Across Canada in November; Downtown Condos the Only Soft Spot Canada's Housing Markets Strong in October Despite Surge in Downtown Condo Supply Seven Ways COVID-19 Is Affecting Canadian Housing September Another (Super) Busy Month for Canada's Housing Market Hot summer housing market stretched into August, though not everywhere Spring Housing Market Blooms in July Home Buyers and Sellers Play Catch-up in June Home Buyers and Sellers Returned to the Market in May Super Quiet April in Housing Market Could Be the Cyclical Low Point May 1, 2020: Day of Rent Reckoning in Canada? COVID-19 Hit to Housing Market is Just the Beginning of a Tough Period Easing the Stress Test, for Now Housing downturn risks fade but for how long? (February 2020) Are Toronto home prices sky-bound again? (February 2020) Toronto housing market became more expensive, Vancouver more active in December (January 2020)
Vancouver housing market heating up in October; supply was an issue in Toronto (November 2019) Housing market’s risk profile continues to improve (November 2019) Big city rental blues: a look at Canada’s rental housing deficit (September 2019) Toronto and Vancouver set a stronger tone in August (September 2019) Housing market risks ease in Canada (July 2019) On the right track: local housing markets give further signs of stabilizing in May (June 2019) Contrasting housing trends emerge in Toronto and Vancouver in April (May 2019) Trimmed outlook for interest rates limits overall housing market risks in Canada (April 2019) There's no millennial hollowing-out of Canada's largest cities (April 2019) Housing market remains soft in March in Vancouver and Toronto (April 2019) Should millennials cheer Budget 2019's housing measures? (March 2019) February further chills Toronto and Vancouver housing markets (March 2019) No magic bullet: The solution to millennials' housing plight is better supply (February 2019) Toronto and Vancouver buyers stay in hibernation in January; prices drift down (February 2019) Canadian Housing Health Check (January 2019)
Modest price gains in Toronto and Vancouver in August a sign of things to come (September 2018) Canadian Housing Health Check (August 2018) Toronto’s housing market comes back to life in June, not so in Vancouver (July 2018) Toronto and Vancouver housing market activity still soft in May (June 2018) Drop in supply restrained sales in the GTA market in April; Vancouver market stabilizes (May 2018)