Tag: housing market
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Calgary Home Sales Fall 13% as Condo Demand Weakens
Calgary’s housing market is starting to cool, with new data showing a noticeable slowdown in activity, especially in the condo segment. According to the Calgary Real Estate Board, a total of 1,881 homes sold in March, down 13% compared to the same time last year. The pullback is being driven largely by weaker demand for…
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Ontario Cottage Country Prices Expected to Rise in 2026 as Supply Remains Tight
Ontario’s cottage country housing market could see another price increase this year, as limited inventory continues to support values despite broader economic uncertainty. A new report from Royal LePage forecasts that demand for recreational properties will remain strong across Canada in 2026, with prices expected to climb modestly. Cottage Prices Expected to Increase Again in 2026 According…
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Canadian Banks Now Relying on Home Sales to Recover $7B in Losses
Canada’s housing downturn is beginning to show up in a new and concerning way. According to a recent report from Better Dwelling, Canadian banks are increasingly relying on selling homes from delinquent borrowers to recover losses, with billions now tied to distressed real estate. New data suggests this trend is accelerating quickly. Banks Now Expecting…
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Ontario Housing Forecast Cut Again as New Construction Slows
Ontario’s housing market is facing another setback. New projections released alongside the province’s latest budget show that homebuilding expectations have been revised downward once again, raising further doubts about whether Ontario can meet its ambitious housing targets. Housing Targets Continue to Slip Back in 2022, the provincial government pledged to build 1.5 million homes by…
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TD Just Slashed Its 2026 Canada Housing Forecast – Prices Now Expected to Fall
Canada’s housing outlook for 2026 has taken a sharp turn. A new report from TD Economics now expects both home sales and prices to decline this year, reversing earlier forecasts that called for a strong rebound. TD Now Expects Sales and Prices to Decline in 2026 TD Economics is forecasting a weaker housing market than previously expected,…
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Canadian Housing Market Facing Largest Correction Since the 1990s, Warns BMO
Canada’s housing market may be deeper into a downturn than many realize. According to new insights from BMO Capital Markets, the current correction is shaping up to be the largest since the 1990s, with little indication that conditions will improve in the near term. Even more concerning, when adjusted for inflation, home prices in Canada…
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Canada Is Building More Homes, But Why Does It Still Feel Impossible to Buy?
Canada’s housing supply is growing, and on the surface, that should be good news for buyers. More homes typically mean more options, more competition among sellers, and eventually more affordable prices. But the reality is more complicated. While new construction is increasing, much of the supply being added to the market is not what most…
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Canada Housing Market 2026: Are Rate Cuts Over? Mortgage Rates Could Rise 75 Basis Points
After months of optimism around falling interest rates, a new narrative is emerging across Canada’s housing market and it could catch buyers and homeowners off guard. Financial markets are now pricing in the possibility that the Bank of Canada may not only delay rate cuts, but could raise interest rates again in 2026. For a…
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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…
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Canada Housing Market Forecast: Will Prices Rise or Fall in Spring 2026?
As Canada’s housing market approaches the traditional spring buying season, buyers and sellers alike are asking one key question: Will home prices rise or fall in Spring 2026? Early market data and multiple independent forecasts suggest that 2026 will be a year of modest growth and stabilization, with home prices likely to rise slightly, although…
Canada Housing Market 