Tag: housing affordability Canada
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Why Toronto and Vancouver Could Lag the Rest of Canada’s Housing Market in 2026
Canada’s housing market is heading into 2026 in a more balanced, but uneven, position after a year marked by economic uncertainty, shifting immigration levels, and changing global trade dynamics. According to Royal LePage president and CEO Philip Soper, it was not interest rates or employment that weighed most heavily on housing activity in 2025, but…
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Canada Housing and Interest Rate Forecasts for 2026: What Economists Expect Next
As 2026 begins, Canada’s housing market appears to be settling into a period of gradual recovery rather than a sharp rebound. After several turbulent years marked by rapid rate hikes, falling sales, and uneven price corrections, economists now expect a more balanced environment defined by lower interest rates, cautious buyers, and restrained price growth. Rate…
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Canadian Mortgage Arrears Hit a 5-Year High
Canadian mortgage arrears climbed to their highest level in five years in October 2025, according to new data from the Canadian Bankers Association (CBA). At the same time, Canada’s largest banks are holding fewer mortgages overall, a rare contraction that suggests lenders are actively reducing exposure as borrower stress builds. While headline arrears rates remain…
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Canadian Housing Market Update – December 2025: Rate Cuts Fail to Revive Home Sales
November was widely expected to be a turning point for Canada’s housing market. After two consecutive interest rate cuts from the Bank of Canada, borrowing costs fell to levels many buyers had been waiting for. Instead, new data shows home sales declined across most of the country, reinforcing the idea that lower rates alone are…
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ReMax just dropped a report calling for 3.4% more home sales across Canada in 2026
ReMax Canada’s 2026 housing market forecast calls for a 3.4% rebound in home sales, softer prices, and more balanced conditions. Here is what buyers and sellers should know.
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House Rich, Cash Poor: Why So Many Canadians Are Stuck in Their Dream Home
Many Canadians are “house rich but cash poor” in 2025. Here’s why so many homeowners are struggling to afford everyday life despite sitting on hundreds of thousands in home equity.
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Canada Needs 3.2 Million New Homes to Close Housing Gap, PBO Warns
Canada will need to build 3.2 million new homes over the next decade to close the housing gap, according to a new report from the Parliamentary Budget Officer (PBO). Current construction trends, however, suggest the country is falling short of that goal. What the Report Says The PBO projects that homebuilding activity will rise in…
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One-Third of Canadian Renters Say They Don’t Plan to Buy a Home
As affordability trends begin to shift slightly in Canada’s housing market, a significant number of renters remain hesitant, or straight up uninterested, in making the leap to homeownership. According to Royal LePage’s 2025 Canadian Renters Report, approximately one-third of renters across the country have no plans to purchase a home. While falling rents and softer…
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Canada Needs to Double Home Construction to Restore Affordability by 2035, Says CMHC
CMHC: 4.8 Million New Homes Needed to Close Canada’s Affordability Gap In a newly released report, the Canada Mortgage and Housing Corporation (CMHC) says that Canada must double its current pace of housing construction to restore affordability levels last seen in 2019. That means building between 430,000 and 480,000 homes per year– both in the…
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Calgary Still Short 42,000 Homes Despite Record-Breaking Construction Efforts
Calgary may be leading Canada in housing starts, but it’s still nowhere near closing its housing gap. According to the city’s chief housing officer Reid Hendry, Calgary is on track to be short 42,000 housing units by the end of 2025, despite building more new homes than ever before. The update comes from Hendry’s latest…
Canada Housing Market 