house prices canada Archives - Mortgage Rates & Mortgage Broker News in Canada

Home prices could hit peak levels by next year, set new highs in 2026: CMHC report

April 4, 2024 No Comments

The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026.

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.

Canada’s housing market to stabilize, but don’t expect return to “rollicking” price gains, BMO says

January 29, 2024 No Comments

While stability is expected to return to the country’s housing market this year as interest rates ease, homeowners shouldn’t expect a return to the “rollicking” price gains of previous years.

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.

2024 housing and interest rate forecasts - Canada

2024 housing market and interest rate forecasts

December 27, 2023 No Comments

2023 was a year that tested the resilience of Canadian mortgage holders. And as we look forward, there’s optimism that 2024 will be the year of rate relief.

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 expected to see sluggish growth in 2024, Re/Max says

November 28, 2023 No Comments

Home price growth across Canada is expected to remain sluggish in 2024, while the country’s largest housing market—Toronto—is expected to see prices fall, according to a new forecast released today by Re/Max.

Oxford Economics predicts house price decline

Recession expected to drive home prices down another 10%: Oxford

September 20, 2023 No Comments

In its economic and housing outlook released today, Oxford Economics is forecasting a mild recession by the end of the year will lead to an additional 10% decline in average house prices by early next year.

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.

Home prices to decline another 5-7% this year, but remain above pre-pandemic levels due to demand: Fitch

February 25, 2023 No Comments

Canadian home prices could fall another 5% to 7% in 2023, according to the latest forecast from Fitch Ratings.

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