9/29/2023 | Posted in Canada Living by
  SHARE

Millions of Canadians want to achieve their dream of homeownership, but affordability remains out of reach for many, and changing that will be a slow journey according to ... More

Real Estate & Mortgage News

  9/15/2023 | Posted in Canadian Housing Market by
  SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month-over-month basis in August 2023.

... More

Real Estate & Mortgage News

  8/28/2023 | Posted in Canadian Housing Market by
  SHARE

The Bank of Canada's June and July interest rate increases essentially put a stop to the housing market’s recovery, says analyst.

... More

Real Estate & Mortgage News

  8/28/2023 | Posted in Canadian Housing Market by
  SHARE

Interest rates and borrowing costs may be surging - but Canadian home prices are continuing to rise at a rapid clip, according to new data.

... More

Real Estate & Mortgage News

  8/18/2023 | Posted in Real Estate Market by
  SHARE

Home prices posted the second-highest increase ever recorded in a single month after the one observed in July 2006, according to the latest Teranet-National Bank composite ... More

Real Estate & Mortgage News

  8/15/2023 | Posted in Canadian Housing Market by
  SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were only slightly changed on a month-over-month basis in July 2023.

... More

Real Estate & Mortgage News

  8/15/2023 | Posted in Commercial Real Estate by
  SHARE

A new report by Colliers Canada predicts the national office vacancy rate could peak at approximately 15 per cent by the end of 2024 as the rise of hybrid work models prompt ... More

Real Estate & Mortgage News

  8/14/2023 | Posted in Recreational Properties by
  SHARE

The pandemic-era robustness observed in Canada’s recreational real estate segment has moderated amid mounting borrowing costs coupled with reduced demand, according to a ... More

Real Estate & Mortgage News

  8/12/2023 | Posted in Rental Market by
  SHARE

Amidst continued interest rate hikes and economic challenges, the average asking price for a rental unit in Canada reached another new record of $2,078 in July, according to a ... More

Real Estate & Mortgage News

  8/6/2023 | Posted in Mortgages and Real Estate by
  SHARE

With the Bank of Canada’s interest rate hikes aimed at fighting inflation, the housing market in Canada experienced a slight drop in prices, according to a new report ... More

Real Estate & Mortgage News

  7/17/2023 | Posted in Rental Market by
  SHARE

Average rent prices hit a record high in June, driven higher by strong population growth and continued demand outpacing new supply.

... More

Real Estate & Mortgage News

  7/14/2023 | Posted in Canadian Housing Market by
  SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged up slightly on a month-over-month basis in June 2023.

... More

Real Estate & Mortgage News

  6/16/2023 | Posted in Canadian Housing Market by
  SHARE

Canada’s housing market is picking up steam. Both home resales and prices continued to rise at rapid clips in May. And odds are they will climb further in June with more ... More

Real Estate & Mortgage News

  6/15/2023 | Posted in Canadian Housing Market by
  SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up again on a month-over-month basis in May 2023.

... More

Real Estate & Mortgage News

  6/3/2023 | Posted in Canadian Housing Market by
  SHARE

Stable interest rates and a continued cooling in home prices helped give housing affordability in Canada its biggest jump in almost four years in the first quarter of 2023, ... More

Real Estate & Mortgage News

  4/26/2020 | Posted in Canadian Housing Market by
  SHARE

The national market can still provide some impetus for home price growth despite declining sales, according to Royal Bank of Canada Senior Economist Robert Hogue.

... More

Real Estate & Mortgage News

  4/21/2020 | Posted in Canadian Housing Market by
  SHARE

Canadian home prices could fall a “relatively modest” five per cent by July as some owners are forced to sell in the face of the economic hardship brought on by ... More

Real Estate & Mortgage News

  4/21/2020 | Posted in Canadian Economy and Housing Market by
  SHARE

Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis ... More

Real Estate & Mortgage News

  4/15/2020 | Posted in Canadian Economy and Interest Rates by
  SHARE

The Bank of Canada on Wednesday said the coronavirus outbreak was set to trigger the biggest ever near-term Canadian downturn but suspended its regular economic forecasts, ... More

Real Estate & Mortgage News

  4/15/2020 | Posted in Canadian Housing Market by
  SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and listings were down sharply between February and March 2020.

... More

Real Estate & Mortgage News

  4/14/2020 | Posted in Canadian Housing Market Predictions by
  SHARE

According to the Royal LePage House Price Survey and Market Survey Forecast released today, the aggregate price of a home in Canada is expected to remain remarkably stable ... More

Real Estate & Mortgage News

  3/16/2020 | Posted in Canadian Housing Market by
  SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up between January and February 2020.

... More

Real Estate & Mortgage News

  3/9/2020 | Posted in Canadian Housing Market by
  SHARE

The trend in housing starts was 208,525 units in February 2020, compared to 211,153 units in January 2020, according to Canada Mortgage and Housing Corporation (CMHC).

... More

Real Estate & Mortgage News

  3/5/2020 | Posted in Mortgages and Real Estate by
  SHARE

Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that.

... More

Real Estate & Mortgage News

  2/21/2020 | Posted in Canadian Housing Market by
  SHARE

Canada’s housing market remains moderately vulnerable, while Toronto and Hamilton are seeing overheating and price acceleration, but that overvaluation seems to remain ... More

Real Estate & Mortgage News

  2/19/2020 | Posted in Canadian Housing Market by
  SHARE

The pace of inbound immigration to Canada – cited as the fastest among the G7 nations – is driving an unprecedented housing boom.

... More

Real Estate & Mortgage News

  2/15/2020 | Posted in Canadian Housing Market by
  SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined between December 2019 and January 2020.

... More

Real Estate & Mortgage News

  2/5/2020 | Posted in Canadian Housing Market by
  SHARE

The chief executive of the Bank of Nova Scotia says Canada’s housing market needs more supply, not a major change to the mortgage stress test.

... More

Real Estate & Mortgage News

  2/3/2020 | Posted in Canadian Economy and Housing Market by
  SHARE

Economy nudged higher in the latest monthly stats, helped in part by the real estate and construction industries.

... More

Real Estate & Mortgage News
Ask Sunny Purewal

Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.