Tag: housing market
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Vancouver Home Prices Rise Slightly as Inventory Hits 13-Year High
Canada’s housing market is showing mixed signals once again, this time in one of the country’s most expensive regions. New data from Greater Vancouver Realtors shows that home prices increased slightly in March, marking the first monthly gain in a year. However, the broader picture suggests the market remains under pressure, with weak demand and…
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Nearly 75% of GTA Neighbourhoods Saw Homes Sell Below Asking in March
Homebuyers across the Greater Toronto Area may be gaining more negotiating power as new data shows a sharp slowdown in competition. A recent report from Wahi found that nearly 75% of GTA neighbourhoods saw homes sell below asking price in March, signaling one of the weakest housing markets in years. Buyer Competition Hits 4-Year Low…
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Canadians Are Now Spending Over 60% of Their Income on Housing in Some Cities
Housing affordability in Canada is reaching new extremes, and in some cities, it’s no longer just a stretch, it’s becoming unsustainable. New data suggests that in major urban centres, many households are now spending more than 60% of their income on housing costs, far above what experts consider affordable. What “Affordable Housing” Is Supposed to…
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Home Prices Are Falling in Canada’s Most Expensive Cities – But It’s Still Not Enough
Canada’s housing market is showing signs of softening, especially in its most expensive cities, but for many buyers, affordability is still out of reach. New data and expert analysis suggest that even with slight price declines, the market remains difficult to enter, particularly for first-time buyers. Prices Are Dropping – But Only Slightly Recent forecasts…
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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…
Canada Housing Market 