Canadian real estate association report Archives - Mortgage Rates & Mortgage Broker News in Canada

Commercial real estate trends shifting toward purpose-built rentals: Re/Max report

June 6, 2024 No Comments

Developers have shifted their focus toward purpose-built rental construction, some at the expense of new residential condominiums and commercial buildings.

Home sales dip in April from prior month as spring listings perk up: CREA

May 15, 2024 No Comments

The Canadian Real Estate Association says the number of homes changing hands in April fell from the previous month despite an influx of new listings hitting the market.

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.

Home prices continue to fall under the weight of high interest rates, but affordability not improving

December 14, 2023 No Comments

Both home prices and sales continued to trend downward in November as high interest rates continue to keep many prospective buyers on the sidelines.

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 activity slows in August following Bank of Canada rate hikes

BoC’s summer rate hikes continue to slow housing activity…except in Alberta and Atlantic Canada

September 15, 2023 No Comments

Real estate markets across the country continued to lose steam in August following the latest Bank of Canada rate hikes in June and July. Everywhere outside of Alberta and some pockets of Atlantic Canada, that is.

June home sales softened but remain resilient as Bank of Canada rate hikes resume

July 14, 2023 No Comments

The Bank of Canada’s June rate hike served as a splash of cool water to recent housing market strength as home sales moderated in June and priced edged down compared to May.

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.

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.

Home sales and prices fell further in November

December 15, 2022 1 Comment

Home sales resumed their decline in November following a pause in October, while average home prices also continued their downward slide.

Canadian real estate association report