Edmonton Is The Only Major Canadian City Without A Housing Supply Shortage
Canada may be struggling with a massive housing shortage, but one major city appears to be bucking the trend. Edmonton is currently the only large Canadian housing market with no measurable housing supply gap, according to the Canada Mortgage and Housing Corporation’s new Fall 2026 Housing Supply Report. CMHC says housing construction in Edmonton has…
These Ontario Housing Markets Have Seen Some Of Canada’s Biggest Price Drops
Home prices are still falling across several Ontario housing markets, and some cities are now seeing among the biggest year-over-year price declines in Canada. New data from the Teranet-National Bank House Price Index shows home prices fell from a year earlier in several major Ontario markets in August 2026, with declines approaching 9% in some…
Ottawa Condo Construction Just Fell 49% As Developers Shift To Rentals
Ottawa’s new housing market is undergoing a major shift as condominium construction falls sharply and purpose-built rental apartments take over a growing share of development. According to the Canada Mortgage and Housing Corporation’s Fall 2026 Housing Supply Report, Ottawa condominium apartment starts fell 49% year over year. At the same time, purpose-built rentals now account…
Ontario Home Sales Just Fell To Their Lowest August Level In 25 Years
Ontario’s housing market just recorded its slowest August for home sales in a quarter century. Only 13,620 homes changed hands across Ontario in August 2026, according to the latest statistics from the Canadian Real Estate Association and Ontario Real Estate Association. That was a 6% decline compared with August 2025 and the lowest number of…
More Canadians Are Choosing Variable Mortgages Again As Rate Uncertainty Grows
Canadian mortgage borrowers are increasingly turning back to variable-rate mortgages and shorter fixed terms after several years of major interest rate volatility. A new Canada Mortgage and Housing Corporation analysis published September 8 shows that variable-rate mortgages have regained a significant share of new mortgage originations. During the first quarter of 2026, variable rates accounted…
Toronto Homes Under $1 Million Are Becoming The Most Competitive
Finding a detached home for under $1 million in the Toronto area is still possible, but buyers looking in that price range may be facing some of the strongest competition in the market. New data from the Canadian Real Estate Association and Toronto Regional Real Estate Board shows that detached homes priced below $1 million…
A Record Number Of Homes Just Hit The Market In PEI
Prince Edward Island’s housing market just hit a new record, but it might not be the kind homeowners were expecting. A total of 360 new residential listings hit the PEI market in August 2026, making it the highest number of new listings ever recorded during the month of August, according to the latest data from…
BC Home Sales Are Still More Than 25% Below Normal
British Columbia’s housing market is showing signs of slowly recovering, but home sales are still nowhere close to what would normally be expected at this time of year. A total of 5,653 residential properties sold across B.C. in August 2026, according to the latest data from the British Columbia Real Estate Association. That was 4.7%…
