Tag: housing market
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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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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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Ontario Is Introducing New Rules For Real Estate Brokerages After The iPro Realty Scandal
Ontario is tightening oversight of real estate brokerages following one of the biggest scandals to hit the province’s real estate industry in recent years. The Real Estate Council of Ontario (RECO) announced new financial reporting requirements that will require brokerages to submit annual financial filings beginning October 1, 2026. The changes come less than a…
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Toronto’s Condo Slump Could Last Years As Thousands Of Units Flood The Market
Toronto’s condo market may face a prolonged slowdown as thousands of newly completed and under-construction units continue entering a market already struggling with weak demand. Industry experts speaking during a recent Urban Land Institute (ULI) Toronto webinar said the Greater Toronto and Hamilton Area (GTHA) condo market remains under significant pressure from elevated inventory levels,…
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Canada’s Housing Market Is Showing Signs Of Life After A Slow Start To Spring
Canada’s housing market may finally be gaining momentum after a sluggish start to 2026. New data from the Canadian Real Estate Association (CREA) shows national home sales jumped 5.5% between April and May, marking the strongest month-over-month increase so far this year. The rebound comes after months of weak activity that left many wondering whether…
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Edmonton Has Overtaken Toronto As Canada’s Hottest Luxury Housing Market
For years, Toronto dominated conversations about Canada’s luxury real estate market. But new data suggests another city is now leading the country’s high-end housing sector. According to a new report from Re/Max Canada, Edmonton recorded the strongest growth in luxury home sales among major Canadian markets, with transactions increasing 50% year-over-year. Meanwhile, luxury home sales…
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Canadian Home Sales Jumped 5.5% In May But Home Prices Are Still Falling
Canada’s housing market showed signs of life in May, with home sales posting their largest monthly increase this year. However, despite the surge in activity, home prices continue to trend lower across much of the country. New data from the Canadian Real Estate Association (CREA) shows national home sales rose 5.5% between April and May…
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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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Ontario Housing Starts Could Fall Near 20-Year Lows in 2026
Ontario’s housing supply problem could get worse before it gets better. According to CMHC’s 2026 Housing Market Outlook, overall housing starts in Ontario are projected to fall to near two-decade lows in 2026, largely because of very weak condominium pre-construction sales. That could create a major challenge for affordability, especially in a province already struggling…
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Toronto Mortgage Delinquencies Are Up 45% as Renewal Pressure Continues
Toronto homeowners are showing increased signs of mortgage stress as Canada continues working through one of the biggest mortgage renewal cycles in years. According to CMHC’s Spring 2026 Residential Mortgage Industry Report, the national 90-plus day mortgage delinquency rate increased to 0.24% in Q4 2025, up from 0.21% one year earlier. CMHC said the increase…
Canada Housing Market 