Tag: ontario housing market
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Markets Are Watching March 2027 for Canada’s Next Rate Hike
Canada’s interest rate outlook may be shifting again, and that could matter for buyers, sellers, and anyone watching mortgage rates. According to a May 12, 2026 report from The Wall Street Journal, financial-market participants are now eyeing March 2027 as a possible timing for the next Bank of Canada rate increase, based on the central…
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RBC Says Canada’s Spring Housing Market Still Hasn’t Taken Off
Canada’s spring housing market is still struggling to build momentum, according to a new update from RBC Economics. While spring is usually one of the busiest seasons for real estate, RBC says the market has not seen a clear demand boost yet. Instead, buyers and sellers remain cautious, and conditions continue to vary widely across…
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Canadian Home Prices Could Stay Near $700K for Years
Canada’s housing market may not be heading for a major crash or a major rebound anytime soon. According to the Canadian Real Estate Association (CREA), the national average home price is forecast to stay close to the $700,000 range through 2027, suggesting the market could remain largely stagnant for years. Home Prices Expected to Rise…
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Nearly 1 in 6 Canadian Millennials Still Live With Their Parents
Canada’s housing affordability crisis is creating a major generational divide, with new data showing Millennials are far more likely to live with their parents than previous generations were at the same age. According to Statistics Canada data highlighted by Better Dwelling, 16.3% of Canadian Millennials aged 25 to 39 lived with their parents in 2021,…
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Canadian Wealth Inequality Is Growing as Rich Households Buy Stocks and Lower-Income Households Take on Mortgage Debt
Canadian household wealth increased last year, but new data suggests the gains were not evenly shared. According to Statistics Canada data highlighted by Better Dwelling, average household net worth rose in Q4 2025. However, the biggest gains went to the wealthiest households, while lower-wealth households took on mortgage debt at a much faster rate. Household…
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Toronto Home Sales Just Saw Their Biggest Jump in 9 Months
Toronto’s housing market may be showing early signs of renewed activity, with new data showing GTA home sales posted their strongest increase in months. According to the Toronto Regional Real Estate Board (TRREB), 5,946 homes sold across the GTA in April 2026, marking a 7% increase compared to April 2025. Reuters reported that this was…
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Building Homes in Canada Is Still Getting More Expensive
The cost of building homes in Canada continues to rise, adding pressure to an already strained housing market. New data shows that residential construction costs are still increasing, creating further challenges for developers and limiting the pace of new housing supply. Construction Costs Continue to Rise Recent data from Statistics Canada shows that residential construction…
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Canada Announces $2B Plan to Tackle Housing Shortage
The federal government has announced a new set of housing measures aimed at tackling Canada’s ongoing affordability crisis and increasing housing supply. The latest policy updates focus on making it easier to build multi-unit housing while addressing key bottlenecks in the construction sector. New Focus on Multi-Unit Housing The government is introducing measures to support…
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Canada’s Housing Market Is Now Hurting the Economy
Canada’s housing market is no longer just a real estate story, it is now having a measurable impact on the broader economy. New data suggests that falling home values and slower housing activity are beginning to weigh on consumer spending and economic growth across the country. Home Prices Remain Below Peak Levels Despite some recent…
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Bank of Canada Expected to Hold Rates at 2.25% on April 29, 2026
Canada’s interest rate outlook is coming into sharper focus, with economists expecting the Bank of Canada to hold its key policy rate steady. With inflation still within target and economic uncertainty lingering, the central bank is showing little urgency to either cut or raise rates in the near term. Rates Expected to Hold Around Current…
Canada Housing Market 