News

News updated on 23 May 2022

• Average detached home prices in Surrey, Langley seeing double-digit drop – bc.ctvnews.ca
• Rent prices rose 9% in April, and could keep rising with a housing slowdown – www.canadianmortgagetrends.com

News updated on 21 May 2022

• How much will Canada's block on foreign buyers help its housing crisis? – www.npr.org

News updated on 20 May 2022

• What to do when your home appraisal falls short as the housing market cools – www.ctvnews.ca

News updated on 19 May 2022

• What options do sellers have now that the housing market is cooling down? – www.ctvnews.ca
• Canadian Real Estate Prices 38% Overvalued, Largest Trend Deviation In 40 Years: BMO – betterdwelling.com

News updated on 18 May 2022

• Housing Correction of 20% Could Come in 2022: How to Prepare – ca.finance.yahoo.com

News updated on 17 May 2022

• Canadian home prices fall 6% in April, down for 2nd month in a row – www.cbc.ca

News updated on 16 May 2022

• Rate Hikes Hit Canada Housing With First Price Drop in Two Years – www.google.com
• Canadian Consumer Confidence Falls in Lockstep with Housing Prices – storeys.com

News updated on 14 May 2022

• Higher interest rates won't be enough to "cure" Canadian housing market: CIBC – dailyhive.com

News updated on 13 May 2022

• Slowdown in Canada’s Housing Sector Shows Risk of Higher Rates – www.wsj.com

News updated on 12 May 2022

• This Ontario City Has One Of The 'Hottest' Real Estate Markets Across Canada & Here's Why – www.narcity.com
• Co-op housing could help solve Canada’s affordability crisis, advocates say – www.thestar.com
• Rising rates put B.C. housing ‘on a path to normalizing’ as prices and sales slide in April – financialpost.com

News updated on 11 May 2022

• https://english.elpais.Canada seeks to burst real estate bubble by banning foreign property purchases – english.elpais.com
• Many first-time homebuyers say they can't access B.C.'s tax-exemption benefit – www.cbc.ca

News updated on 9 May 2022

• Blackstone Opens Toronto Office for Canada Real Estate Push – www.yahoo.com

News updated on 7 May 2022

• ’Dramatic imbalance’ between supply and demand at core of B.C.’s housing problem: analyst – www.vancouverislandfreedaily.com

News updated on 6 May 2022

• Fewer home bids easing competition for some, but prices still high: brokers – www.ctvnews.ca
• Two-thirds of Canadians concerned about rising home prices: Nanos survey – www.ctvnews.ca
• Trudeau to outlaw foreign home buyers in Canada as affordability fears heat up – www.politico.com
• How do we fix the housing market in Canada? – www.cbc.ca
• Home Sales Dropping, Prices Slowing in Canada’s Four Largest Markets – storeys.com
• Canada’s high-end homes segment seeing strong sales growth – edmontonjournal.com

News updated on 5 May 2022

• Signs of a cooling real estate market in Ottawa – ottawa.ctvnews.ca
• To solve a housing crisis, Nova Scotia tried to tax out-of-province home buyers. It didn’t work – www.thestar.com
• Toronto’s Real Estate Market Sharply Plunges in April Amid Higher Borrowing Costs – thedeepdive.ca

News updated on 4 May 2022

• April home sales slid in most metro areas, but prices held their ground…for now – www.canadianmortgagetrends.com

News updated on 3 May 2022

• Home sales across Lower Mainland dropped steeply in April, real estate boards say – www.cbc.ca

News updated on 2 May 2022

• Ontario Real Estate Prices Have Surged Up To 111% Since 2020 – betterdwelling.com

News updated on 13 April 2022

• Bank of Canada rate hike could cool Canada’s hot housing markets, economists say – www.theglobeandmail.com

News updated on 11 April 2022

• Canada plans to double homebuilding in decade, but where are the workers? – www.reuters.com

News updated on 8 April 2022

• Federal foreign buyers ban will do nothing for Victoria housing market: Real estate board – www.saanichnews.com

News updated on 7 April 2022

• Canada to Ban Foreigners From Buying Homes as Prices Soar – www.bloomberg.com

News updated on 6 April 2022

• More Canadians putting home buying plans on hold: Scotiabank – www.ctvnews.ca

News updated on 5 April 2022

• March home prices in Toronto area slid from February, but still up from last year: TRREB – globalnews.ca

News updated on 1 April 2022

• What the Doug Ford government's housing plan means for Ontario home prices – www.cbc.ca
• Calgary sees record home sales as supply returns to market: real estate board – www.thestar.com
• Pent-up home sales churn Calgary’s rental market – www.theglobeandmail.com

News updated on 31 March 2022

• Seller Beware? Proposed “Cooling-Off Period” Will Allow Buyers of Residential Real Estate in B.C. to Walk Away – www.blakes.com

News updated on 29 March 2022

• Posthaste: This tax scenario would deliver a 'blunt blow' to Canada's housing market – financialpost.com
• Ontario Cracking Down on Foreign Real-Estate Speculation with the Most Comprehensive Non-Resident Speculation Tax in Canada – news.ontario.ca

News updated on 28 March 2022

• Canada housing market showing signs of ‘cooling’ as more interest rate hikes loom – globalnews.ca

News updated on 25 March 2022

• Canada's red-hot housing markets hint at cooldown as higher rates, inflation bite – www.ctvnews.ca

News updated on 24 March 2022

• Housing minister, municipal governments at odds over B.C. housing supply report – vancouverisland.ctvnews.ca
• New Forecasts Suggest Home Price Declines Are Likely – www.canadianmortgagetrends.com

News updated on 23 March 2022

• RBC Risk Model Shows Canadian Real Estate Prices Can Fall 30%, No Growth Expected – betterdwelling.com
• Province considers law allowing it to intervene when cities reject affordable-housing projects – www.cbc.ca

News updated on 16 March 2022

• Jaw-dropping charts show that out-of-control home prices aren't just a Toronto problem – www.blogto.com

News updated on 15 March 2022

• Canadian home prices up 20.6% but market could be nearing turning point – financialpost.com
• Average Canadian house price hits $816,720 — up 20% in past year – www.cbc.ca

News updated on 14 March 2022

• Determined to cool hot real estate market – www.quintenews.com

News updated on 11 March 2022

• Why Canada is losing affordable rental housing faster than it's being built – www.cbc.ca
• A landlord hiked rents again and again. Canada's housing agency rewarded him every time – www.cbc.ca

News updated on 10 March 2022

• 40% of Vancouver's Generation Z adults expect 1st home to be co-owned, real estate survey suggests – bc.ctvnews.ca
• Why some Canadians are moving to so-called medieval villages – www.ctvnews.ca

News updated on 9 March 2022

• Foreign Investors are a Small Fraction of Canadian Real Estate Purchases: Report – www.gta-homes.com

News updated on 8 March 2022

• Signals flashing that Canada's housing market could be close to a turning point – financialpost.com
• Home Prices Rose Further in February Despite Increase in New Listings – www.canadianmortgagetrends.com

News updated on 7 March 2022

• A turning point? More sellers enter Canada's housing market in February – thoughtleadership.rbc.com

News updated on 6 March 2022

• First shared equity program to help Black families break into housing market launches in Canada – globalnews.ca

News updated on 5 March 2022

• The list price battle: too-low asking prices are frustrating homebuyers. But are they driving up prices? – www.thestar.com
• Edmonton’s real estate market the latest sign Ottawa should get serious about house-price inflation – www.theglobeandmail.com

News updated on 3 March 2022

• Montreal home sales down 12% in February compared to a year ago: Quebec real estate group – globalnews.ca

News updated on 27 February 2022

• LACKIE: Real estate buyers happy to pay tomorrow's price today but they're not dummies – torontosun.com

News updated on 23 February 2022

• Five signs Canada’s housing market is completely bonkers – www.theglobeandmail.com
• Buyer fatigue already cooling housing market – thestarphoenix.com

News updated on 21 February 2022

• Attainable housing in the heart of Langford at The Scene – www.goldstreamgazette.com

News updated on 19 February 2022

• High housing prices may push middle class out of market, PBO warns – www.cbc.ca

News updated on 18 February 2022

• Toronto takes top spot from Vancouver as Canada’s priciest market – calgaryherald.com

News updated on 17 February 2022

• Canadian Home Prices Climb 1.3% in January - Teranet – money.usnews.com

News updated on 16 February 2022

• Canada’s housing market is breaking records at an alarming rate – www.cpacanada.ca
• A new home speculation tax would harm, not help the real estate market – www.thestar.com

News updated on 15 February 2022

• Chaotic frenzy rips through Canada’s housing market as prices hit a fresh high in January – www.theglobeandmail.com
• Average price of a home in Canada hits new record: CREA – www.ctvnews.ca

News updated on 13 February 2022

• Our View: Right housing needed in the right place – www.mapleridgenews.com

News updated on 9 February 2022

• Housing Market Could See Influx of Canadian Passport Holders from Hong Kong in the Coming Years – storeys.com
• Survey shows new immigrants in a rush to buy first home – www.theglobeandmail.com

News updated on 8 February 2022

• Toronto Housing Market NOT in a Bubble, Says Bank of Canada – blog.remax.ca

News updated on 7 February 2022

• ‘Stunning development’: Vancouver no longer Canada’s priciest housing market – biv.com
• Canadians deepening their faith in red-hot housing market even as rate hikes loom – financialpost.com

News updated on 3 February 2022

• Canada Home Prices May Fall 20% in Some Markets, Regulator Warns – www.bloomberg.com
• Banking watchdog warns housing prices could plunge 20% when 'speculative fever' breaks – financialpost.com

News updated on 2 February 2022

• Vancouver real estate sales slowed in January with fewer properties available: board – globalnews.ca

News updated on 1 February 2022

• Canadians find other ways to grow wealth as housing escapes them – www.bnnbloomberg.ca
• Canada needs to build a lot more housing. There are finally plans to (maybe) make that happen – www.theglobeandmail.com
• Canada’s Real Estate Bubble Has Grown Over 800% Faster Than US Home Prices – betterdwelling.com

News updated on 31 January 2022

• Posthaste: Home sales set for the second 'most remarkable' year in Canadian real estate history – financialpost.com
• FRACTIONAL REAL ESTATE INVESTING STARTUP WILLOW COMES OUT OF STEALTH – betakit.com
• Investors Make Up Nearly 20% of All Homebuyers During the Pandemic – storeys.com
• Foreign homeowner tax to yield less than Liberals plan: PBO – www.investmentexecutive.com

News updated on 28 January 2022

• Toronto closing on Vancouver as Canada’s priciest real estate market – calgaryherald.com
• RBC Economics tells Canadian homebuyers to “brace for more bidding wars in 2022” – www.straight.com
• What rate hikes mean for the housing market – financialpost.com

News updated on 27 January 2022

• Bank of Canada 'no hike' leaves housing fire burning, say market watchers – www.reuters.com
• Ontario housing market so red-hot most buyers are skipping inspections, say home inspectors – www.cbc.ca

News updated on 25 January 2022

• Krystle Wittevrongel: Taxing homes is the wrong way to cool the housing market – financialpost.com

News updated on 24 January 2022

• Canada's housing market is betting interest rates will never rise – www.bnnbloomberg.ca
• New Immigrants Struggle Amid Overpriced Canadian Real Estate – blog.remax.ca

News updated on 22 January 2022

• Where new home prices have shot up the most in Canada – ca.finance.yahoo.com

News updated on 21 January 2022

• Canada New House Prices Increase 0.2% in December – www.marketwatch.com
• A pandemic-fed urge to ramble sending B.C. real estate prices soaring – www.theglobeandmail.com
• Canada’s Housing Market Is ‘Very Vulnerable’, Finance Committee Hears – www.theepochtimes.com
• Canadian Start-Up Aims to Deliver Flexible Payment Options for Renters – storeys.com

News updated on 20 January 2022

• Canada’s housing ministers meet as MPs ready for more hearings on pace of price gains – www.castlegarnews.com
• Luxury home sales triple in some cities – www.investmentexecutive.com
• Investors are no more to blame for housing prices now than they were before – financialpost.com

News updated on 19 January 2022

• Posthaste: B.C. home sales could drop 25% after Bank of Canada rate tightening, study says – financialpost.com
• Canadian developer loses appeal in fight with Oei Hong Leong over US$1.1b Vancouver waterfront project – www.businesstimes.com.sg

News updated on 18 January 2022

• Homebuilding slows as housing supply hits record low in Canada, data shows – globalnews.ca
• Canada’s Housing Market Not Cooling Off Anytime Soon As Inventories Remain Historically Low – thedeepdive.ca

News updated on 16 January 2022

• Opinion: Higher taxes will make homes less affordable – www.princegeorgecitizen.com

News updated on 15 January 2022

• LACKIE: Time for leaders to take action on Toronto's real estate market crisis – torontosun.com
• Edmonton sees increase in downtown office vacancy but growth in industrial market – edmontonjournal.com

News updated on 14 January 2022

• Canada’s retail vacancy to be ‘stable’ through 2024: Colliers – renx.ca

News updated on 13 January 2022

• Government of Canada Announces $118.2 million to Support Canadians with Housing Need – www.newswire.ca
• Zara owner Amancio Ortega to buy Toronto skyscraper Royal Bank Plaza for $1.2B – www.cbc.ca

News updated on 12 January 2022

• Ontario in last place when it comes to Canada’s already low housing stock – globalnews.ca
• Posthaste: Luxury home sales soar by triple-digits, shattering records across Canada – financialpost.com
• GTA luxury real estate market soared 224% last year – dailyhive.com

News updated on 11 January 2022

• Real estate market to stay boisterous this spring – financialpost.com
• Real estate prices continue to rise across northwest B.C. – www.northernsentinel.com

News updated on 10 January 2022

• Canadian Real Estate Construction Costs Are Amongst North America’s Lowest: RLB – betterdwelling.com
• The latest real estate stats for hot markets are bad news for homebuyers – financialpost.com
• Economists forecast rising home sales, prices in 2022 – biv.com

News updated on 9 January 2022

• Canada’s biggest city has just 3,200 homes for sale, an all-time low – therealdeal.com
• Toronto housing market reignites debate on costs – www.nwaonline.com

News updated on 8 January 2022

• Foreign Buyers Own 1 In 10 Recently Built Condos In Canada, 1 In 20 Homes In Total – betterdwelling.com

News updated on 7 January 2022

• Price growth expected for Edmonton real estate – edmontonjournal.com
• Montreal residential real estate market sees second busiest December on record – globalnews.ca
• Montreal records second busiest December homes market ever – www.theglobeandmail.com
• The ability of Canadians to afford a home at its lowest point in 31 years – calgaryherald.com
• Canada needs a fresh approach to build desperately needed new homes – financialpost.com
• Canada-wide tax on homes over $1 million is key to affordability: report – dailyhive.com
• Record home prices continue to rise – london.ctvnews.ca

News updated on 6 January 2022

• Annual surtax of 0.2% on $1M+ homes could cool housing market: report – globalnews.ca
• Canada urged to create surtax on $1-million homes to rein in prices, fund affordable housing – www.ctvnews.ca
• Only 3,200 Homes Are Left on Toronto's Market After Record Year – www.google.com

News updated on 5 January 2022

• Canadian Housing Market Trends to Watch in 2022 – blog.remax.ca
• Could taxing all homes over $1M fix Canada's housing crisis? – www.piquenewsmagazine.com

News updated on 4 January 2022

• Urban house hunters increase real estate prices in small town southwestern Ontario – www.cbc.ca
• Homes in some B.C. suburbs jump by more than 40% in assessed value on 2022 notices – www.cbc.ca
• Calgary housing market ends 2021 with record sales – ampvideo.bnnbloomberg.ca

News updated on 31 December 2021

• 3 Reasons Canada Housing Is Headed Higher in 2022 – www.fool.ca

News updated on 30 December 2021

• This is How Much You Have to Make to Earn as Much as a Typical Canadian House – storeys.com
• Rising interest rates, low housing supply in store for Canada in 2022: report – dailyhive.com

News updated on 29 December 2021

• Canadian Housing Market: Party's Over – seekingalpha.com
• Canadian Real Estate Provided Over 10% Of GDP Growth – betterdwelling.com
• Canada’s Commercial Real Estate Sector Is Poised For Recovery And Growth In 2022 – muskoka411.com
• Affordable housing project stalled, request for funding denied by federal government – www.thestar.com

News updated on 27 December 2021

• Is Canada’s Immigration System Worsening Housing Affordability? – storeys.com
• Canada’s lease rates for offices increasing, despite soaring vacancies – www.theglobeandmail.com

News updated on 25 December 2021

• LACKIE: Speculation tax won't rein in Toronto housing market – torontosun.com

News updated on 23 December 2021

• Canada’s housing market is red-hot – www.globalpropertyguide.com
• Five charts that will define Canadian real estate and housing in 2022 – www.macleans.ca

News updated on 22 December 2021

• Canada should temporarily ban foreign home buyers, rezone cities - housing minister – www.reuters.com
• No relief in 2022: Experts' predictions for Canada's housing market – financialpost.com

News updated on 21 December 2021

• Angry NIMBYs are making Canada's housing shortage worse with campaigns to block developments – financialpost.com

News updated on 20 December 2021

• RBC measure shows Canadian housing affordability has deteriorated to “worst level in 31 years” – www.straight.com

News updated on 19 December 2021

• This Week’s Top Stories: Canadian Real Estate Is The Most Expensive In The G7, And It’s Not A Supply Shortage – betterdwelling.com
• Canadian Housing Heating Up Again Heading Into 2022 – muskoka411.com

News updated on 18 December 2021

• When Canadian real estate will finally slow down – ca.sports.yahoo.com
• Here’s Why Canada Housing Will Stay Red Hot in 2022 – www.fool.ca

News updated on 17 December 2021

• Trudeau asks for ban on foreign homebuyers, end to blind bidding – dailyhive.com
• 2022: Housing Sales to Ease, But Prices Expected to Rise Even Higher PUBLISHED: 5:22 PM DEC 17, 2021 With just a few weeks left to go in 2021, the Canadian Real Estate Association (CREA) has once again revised its quarterly housing market forecast. Following an “unexpected” rebound in sales activity in the final quarter of the year, CREA says it now expects some 668,000 properties will trade hands in 2021. If this prediction is correct, the association says it will be a record-setting number by a margin of about 21% over 2020. CREA also expects that the national average home price will rise by 21.2% on an annual basis to $687,500 in 2021. This average price is higher than the association’s previous forecasts and CREA said it reflects the unprecedented imbalance of housing supply and demand, which has left the country with about two months of inventory instead of its typical five months. READ: Average Price for a Home in Canada Surges to All-Time High in November Interestingly, CREA says while monthly home sales weren’t as volatile this year as they were in 2020, they were still nonetheless very unstable — similar to what was seen during the 2008-2009 financial crisis, but at a much higher level. “This volatility, ranging from a seasonally adjusted annualized high of 807,250 sales in March 2021 to a low of 585,250 sales in August 2021, then back up to around 650,000 at the time of this writing, was not the result of lockdowns or any major fluctuations in demand,” said CREA. Rather, with the end-of-month supply of homes for sale setting new record-lows every month this year, CREA says, “it would seem the ups and downs of sales in 2021 had more to do with where and how many properties came up for sale. When they did, the demand was there to scoop them up.” The association says it expects that interest and mortgage rates are expected to rise and impact some market activity, yet demand for housing will still be strong and the lack of properties available will mean there won’t be much slack in terms of prices. Looking ahead, on both a monthly and quarterly basis, CREA says it expects home sales to remain historically strong in 2022. Yet at the same time, sales are expected to trend slowly back toward more typical levels due to limited supply, higher prices, and higher interest rates. The real estate association forecast that national home sales will fall by 8.6% to around 610,700 units in 2022 — which would still work out to be the second-best year on record. The easing of sales is expected across most of the country with buyers facing both supply and affordability constraints, while the urgency to purchase a home or FOMO over not buying continues to fade. Meanwhile, CREA expects tightening supply conditions to push housing costs even higher in 2022, with the national average home price forecast to rise by a further 7.6% on an annual basis to around $739,500. However, CREA warned that this forecast is “conservative” because, in November 2021, the national average price was almost $721,000. That being said, CREA added,” while price growth is not expected to be as extreme in 2022, many of the conditions that supported it right up until the end of 2021 will still be there on New Year’s Day.” Written By Ainsley Smith When Ainsley's not writing about real estate, local developments, and beautiful homes she wished she lived in, you can usually find her exploring Toronto, cooking, doing at-home workouts, or hanging with her cat, Jerry Seinfeld. MORE FROM AUTHOR – storeys.com

News updated on 16 December 2021

• Canadian home prices shatter record in November: CREA – sports.yahoo.com

News updated on 15 December 2021

• Skyrocketing real estate prices leaving some buyers struggling to find a home – www.ctvnews.ca
• Housing sales to moderate in 2022, but prices to remain high: CREA – www.cp24.com
• Average Canadian house price hit all-time high of $720,850 in November – www.cbc.ca

News updated on 14 December 2021

• Challenges fuelling Canada’s hot housing market will take ‘years’ to fix: Freeland – globalnews.ca
• In 2022, Higher Home Prices and Mortgage Rates = Less Buying Power – ca.finance.yahoo.com
• Housing is both a human right and a profitable asset, and that’s the problem – theconversation.com

News updated on 13 December 2021

• Could Aging Office Buildings Offer an Answer to Canada’s Housing Supply Crisis? – storeys.com
• Is Now the Right Time to Be Offloading Industrial Assets? – storeys.com
• Canada Has The Biggest Gap Between Real Estate Prices And Incomes In The G7 – betterdwelling.com

News updated on 10 December 2021

• Canadian Real Estate Affordability Improves When Rates Rise, Despite The Rhetoric – betterdwelling.com
• Governments seem to be missing the point on Canada’s housing crisis – www.theglobeandmail.com

News updated on 9 December 2021

• Canada opens door to immigrants, adding fuel to hot housing market – financialpost.com
• No slow down for Canada’s hot real estate market in 2022 – m.farms.com

News updated on 8 December 2021

• House prices in Canada's popular ski regions soar 23.5% as demand continues to outstrip supply – www.newswire.ca
• A majority of Toronto's Generation Z have given up on the dream of owning a single-family home – toronto.ctvnews.ca

News updated on 7 December 2021

• Montreal real estate prices soar 21% amid lower listings, sales in November – globalnews.ca
• Is Canada in a housing bubble? – www.mpamag.com
• Canada’s Housing Market Forecast To Cool In 2022 As Interest Rates Rise – ca.finance.yahoo.com

Older Posts »