Tag: Canadian real estate
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Canada’s Housing Market Outlook Just Changed. Here’s What Buyers Need To Know
Canada’s housing market outlook has shifted again. The Canadian Real Estate Association (CREA) has released its latest forecast for 2026 and 2027, painting a more cautious picture for home sales and price growth than it did just a few months ago. While affordability has improved in many parts of the country, economic uncertainty, slower population…
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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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The Cheapest Places to Retire in Canada Based on Housing Costs
Retirement looks a little different for everyone, but one thing almost every Canadian retiree has in common is wanting to make their money go further. With housing remaining one of the biggest expenses for Canadians, many retirees are choosing to relocate to communities where they can buy a home for hundreds of thousands of dollars…
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Ontario Cities Ranked From Cheapest To Most Expensive For Homebuyers In 2026
Ontario’s housing market looks very different than it did just a few years ago. While home prices remain elevated in many parts of the province, the correction that began in 2022 has created larger affordability gaps between Ontario’s most expensive and most affordable cities. Today, buyers willing to look beyond the Greater Toronto Area can…
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Calgary Is Becoming More Affordable For Homebuyers, But It Still Lags Other Alberta Cities
Buying a home in Calgary is becoming more affordable, according to a new report from Royal LePage. However, the city still trails several other Alberta markets when it comes to overall affordability. The report found that while housing costs have become more manageable over the past two years, Calgary remains outside Canada’s top 15 most…
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Homes Under $500,000 Are Making A Comeback In Ontario, But There’s A Catch
Affordable homes are becoming more common across Ontario’s housing market, but the improvement is being driven largely by one segment: condominiums. A new report from the Municipal Property Assessment Corporation (MPAC) found that homes valued under $500,000 now make up nearly one-quarter of Ontario’s housing market, marking a notable increase from just a few years…
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This Alberta City Was Just Named Canada’s Most Affordable Place To Buy A Home
As housing affordability continues to challenge buyers in Canada’s largest cities, one Alberta community has claimed the title of the country’s most affordable place to purchase a home. A new report from Royal LePage ranked Lethbridge, Alberta, as Canada’s most affordable city for homeownership based on the percentage of household income required to cover mortgage…
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Canada’s Plan To Buy Unsold Condos Is Sparking Debate Over A Potential Developer Bailout
The federal government’s plan to purchase thousands of unsold condominiums in British Columbia is generating both support and criticism as Canada’s housing slowdown continues. Prime Minister Mark Carney recently announced a partnership with the Government of British Columbia to convert more than 2,200 vacant condominium units into affordable housing. Supporters say the plan could quickly…
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Ontario’s HST Rebate Is Helping Boost New Home Sales In The GTA, Industry Says
Ontario’s new HST rebate appears to be giving the Greater Toronto Area’s struggling new home market a much-needed boost. New data released by the Building Industry and Land Development Association (BILD) shows new home sales remained stronger than expected in May, marking the second consecutive month that low-rise home sales outperformed their 10-year average. Industry…
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More Than Half Of GTA Residents Would Leave Toronto For A Cheaper City, New Poll Finds
For many Canadians living in the Greater Toronto Area, homeownership may increasingly depend on leaving the region altogether. A new survey conducted on behalf of Royal LePage found that 55% of GTA residents would consider moving to a more affordable Canadian city if they were able to secure employment there. The findings highlight the growing…
Canada Housing Market 