Tag: canada housing market
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Desjardins Says Some Canadian Cities Have Become “Impossibly Unaffordable”
A new housing affordability warning from Desjardins is drawing attention across Canada after the bank suggested some major cities have entered what it calls “impossibly unaffordable” territory. According to the report, homeownership in cities like Vancouver and Toronto is increasingly moving out of reach for average households as housing costs continue to far outpace incomes.…
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GTA Condo Market Hits Historic Slowdown As Only 246 New Condos Sold In Q1
Toronto’s condo market is continuing to face major pressure in 2026, and new data suggests conditions may be reaching historic lows. According to Urbanation data, only 246 new condos sold across the entire Greater Toronto Area during the first quarter of 2026. At the same time, more than 4,300 completed condo units reportedly remained unsold.…
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Canadian Home Prices Are Near Record Highs in All but 2 Provinces
Canada’s national housing market may look like it has gone through a major correction, but new data suggests that most provinces have barely seen prices pull back from record highs. According to Canadian Real Estate Association (CREA) data highlighted by Better Dwelling, home prices rose in nearly every province in April 2026. While the national…
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Canadian Homeowners Have Lost Nearly 20% of Home Value Since 2022 Peak
Canada’s housing market downturn has now erased a significant portion of the gains seen during the pandemic-era housing boom. According to recent housing market analysis and benchmark price data, many Canadian homeowners have seen home values fall nearly 20% from peak levels reached in early 2022 as higher interest rates and weaker buyer demand continue…
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Canada’s Federal Debt Could Reach $2.9 Trillion by 2030
Canada’s federal debt is projected to reach nearly $2.9 trillion by 2030, according to a new analysis highlighted by the Fraser Institute following the federal government’s latest fiscal update. The projection comes as the federal government forecasts another large deficit this year, with additional deficits expected over the coming years. Canada Is Projecting Another Major…
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Brampton Now Has Canada’s Highest Mortgage Delinquency Rate
New data suggests more homeowners in Brampton are falling behind on mortgage payments as financial pressure continues building across parts of the Greater Toronto Area. According to data from Equifax Canada highlighted by The Globe and Mail, Brampton now has the highest mortgage delinquency rate in Canada at approximately 0.6% – nearly three times the…
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Markets Are Watching March 2027 for Canada’s Next Rate Hike
Canada’s interest rate outlook may be shifting again, and that could matter for buyers, sellers, and anyone watching mortgage rates. According to a May 12, 2026 report from The Wall Street Journal, financial-market participants are now eyeing March 2027 as a possible timing for the next Bank of Canada rate increase, based on the central…
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RBC Says Canada’s Spring Housing Market Still Hasn’t Taken Off
Canada’s spring housing market is still struggling to build momentum, according to a new update from RBC Economics. While spring is usually one of the busiest seasons for real estate, RBC says the market has not seen a clear demand boost yet. Instead, buyers and sellers remain cautious, and conditions continue to vary widely across…
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Toronto Home Sales Just Saw Their Biggest Jump in 9 Months
Toronto’s housing market may be showing early signs of renewed activity, with new data showing GTA home sales posted their strongest increase in months. According to the Toronto Regional Real Estate Board (TRREB), 5,946 homes sold across the GTA in April 2026, marking a 7% increase compared to April 2025. Reuters reported that this was…
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Canada’s Aging Population Could Create a Major Housing Shift by 2030
Canada’s housing market may be heading for a major demographic shift. As the country’s population ages, more homes could eventually move through the market because of downsizing, inheritance, estate sales, or seniors transitioning into different types of housing. But the shift may not happen quickly. According to CMHC, many older Canadians are staying in their…
