Tag: canada real estate news
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Canadian Housing Starts Fell 6% in May as Supply Concerns Continue
Canada’s housing construction pulled back in May, raising fresh questions about whether the country is building enough homes to improve affordability. According to Reuters, citing new data from Canada Mortgage and Housing Corporation, Canadian housing starts fell 6% in May from the previous month. The seasonally adjusted annualized rate dropped to 261,377 units, down from…
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What the Bank of Canada’s Latest Rate Hold Means for Housing
The Bank of Canada has held interest rates steady again, leaving many Canadian homebuyers wondering whether mortgage relief is actually coming this year. On June 10, 2026, the Bank of Canada held its target for the overnight rate at 2.25% for the fifth consecutive meeting. The Bank Rate remains at 2.5%, while the deposit rate…
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Canadian Household Debt Is Becoming Even More Concentrated in Mortgages
Canadian household debt continues to climb, but new data suggests the bigger issue may be where that debt is concentrated. According to Statistics Canada data highlighted by Better Dwelling, Canadian household debt reached $3.24 trillion in March 2026, with mortgage debt making up nearly three-quarters of the total. Household Debt Hit $3.24 Trillion Canadian households…
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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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TD Says GTA Condo Market Is Facing a Potential 1990s-Style Meltdown
Canada’s largest condo market is continuing to face mounting pressure, and a new outlook from TD Economics suggests the downturn may last much longer than many buyers and investors expected. According to TD Economics, the Greater Toronto Area condo market is experiencing one of its weakest periods in years, with falling prices, collapsing sales activity,…
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Canadian Home Prices Could Stay Near $700K for Years
Canada’s housing market may not be heading for a major crash or a major rebound anytime soon. According to the Canadian Real Estate Association (CREA), the national average home price is forecast to stay close to the $700,000 range through 2027, suggesting the market could remain largely stagnant for years. Home Prices Expected to Rise…
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Nearly 1 in 6 Canadian Millennials Still Live With Their Parents
Canada’s housing affordability crisis is creating a major generational divide, with new data showing Millennials are far more likely to live with their parents than previous generations were at the same age. According to Statistics Canada data highlighted by Better Dwelling, 16.3% of Canadian Millennials aged 25 to 39 lived with their parents in 2021,…
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Canada’s Banking Regulator Warns Banks About Condo Mortgage Appraisals as Prices Fall
Canada’s banking regulator is raising concerns about how some mortgage approvals are being handled as condominium prices decline across major cities like Toronto and Vancouver. New documents obtained by Reuters show that the Office of the Superintendent of Financial Institutions (OSFI) warned major Canadian banks about the risks of using “blanket appraisals” for condo mortgages…
Canada Housing Market 