It’s no secret that Canada is currently in the throes of a housing market cooldown, with the pace of home sales falling in April and national house prices also on the way down. New figures released by the Canadian Real Estate Association (CREA) revealed that the country’s home price index fell 0.6% between March and…
Spending more time at home has led to Canadians taking on more and more mortgage debt despite the ongoing pandemic. Borrowers have tried to keep up with a housing market that took off in the latter half of 2020 and has yet to slow down. Statistics Canada recently said that household mortgage debt increased 7.4%…
At the end of 2020, the CREA released its latest resale housing market forecast, which revealed that — despite turbulent spring months — homebuyers are on track to set a record for the last calendar yesr, with some 544,413 homes projected to change hands by December 31, an 11.1% increase from 2019 levels. Subsequently, the national…
The 3rd month of 2020 was probably the strangest ever experienced in our modern history; and we’re not talking about strange weather here. The world we live in dramatically changed from one week to another, leaving many people and industries lost as what would happen next. Some interesting and useful interviews from the CREA, economists…
As we say goodbye to 2013 and welcome in 2014, we can learn from this past year’s real estate market trends to predict expectations in the new year. According to the Canadian Real Estate Association, Canadian home sales turned out slightly better than expected in 2013 and sales will continue to increase in 2014.
