Canadian home prices Archives - Mortgage Rates & Mortgage Broker News in Canada

Canada’s housing rebound continued in January. What should buyers expect this spring?

February 14, 2024 No Comments

January marked the second straight month of higher home sales in Canada, which are now up 22% from a year ago.

2023 marked 15-year low in Canadian home sales, but ended with December “bounce”

January 15, 2024 No Comments

Canadian existing home sales reached their lowest level in 15 years in 2023, although the year did end on a high note with a December “bounce” in activity.

Canadian home prices face downward pressure as inventory builds and sales slow

October 13, 2023 No Comments

The trend of falling home sales and a growing number of listings continued in September, which observers say should keep downward pressure on prices.

Canadian housing market continues to surge as resale prices rise for fourth straight month

June 15, 2023 No Comments

Average resale home prices continued to climb in May, marking the fourth consecutive monthly increase, the Canadian Real Estate Association reported today.

Why is there a lack of new home listings in Canada?

May 17, 2023 1 Comment

Something unusual is happening across most Canadian housing markets this year. In the past, as the springtime was approaching, new home listings were usually rising more strongly than home sales. This year, the opposite is the case.

Canadian home prices back on the rise in April

Home sales bounce back in April as national average home price rises back above $700,000

May 15, 2023 No Comments

Despite affordability challenges, rising housing demand has pushed Canada’s national average home price up to $716,000, in April.

Is the worst of the housing downturn behind us?

May 8, 2023 No Comments

Home prices in the country’s large metro were back on the rise in April amid continued tight inventory.

Home prices won’t revert to pre-pandemic levels, should start rising again in 2024: CMHC

May 2, 2023 No Comments

The Canada Mortgage and Housing Corporation (CMHC) expects home prices to reach a bottom this year, but aren’t expected to fall below pre-pandemic levels.

Homes sales and prices up again in March. Is it the start of a trend?

April 16, 2023 No Comments

Both existing home sales and average prices were up on a monthly basis in March, while housing inventory got even tighter.

National average home price rises $50k in February

March 15, 2023 No Comments

On a non-seasonally adjusted basis, home prices registered their first monthly rise in six months, jumping over $50,000 to $635,000.

Canadian home prices