Sharing the top housing market news and real estate listings across Canada
Canada’s Housing Market Has Now Seen Its Largest Price Correction In History
Canada’s housing market has experienced one of the most dramatic booms in history, and according to new data, it’s now experiencing its largest correction on record. New figures from the Bank for International Settlements (BIS) show national home prices have fallen significantly since peaking in early 2022. Once inflation is factored in, prices have dropped…
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Ontario Consumer Insolvencies Hit Highest Level Since The Financial Crisis
Consumer debt stress continues to climb across Ontario, and new data suggests financial pressures are reaching levels not seen since the aftermath of the 2008 Global Financial Crisis. According to the latest figures from the Office of the Superintendent of Bankruptcy (OSB), Ontario recorded its second-highest number of consumer insolvencies ever for the month of…
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Bank of Canada Expected To Hold Rates This Week. Here’s What It Means For Ontario Homebuyers
All eyes will be on the Bank of Canada this Wednesday as policymakers announce their latest interest rate decision, a move that could influence mortgage rates, homebuyer confidence, and the direction of Ontario’s housing market. While many prospective buyers have been hoping for another rate cut, economists overwhelmingly expect the central bank to leave its…
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