The number of new single-detached houses under construction in the first half of 2023 was down 25% compared to last year.
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.
The Bank of Canada's temporary rate pause in the first half of the year helped ease affordability in the first quarter, but only nominally.
With the current combination of high interest rates, inflationary pressures, and higher mortgage payments, one would expect Canada’s structured bonds to decline in rating.
Ongoing excess demand in the economy, including a recent rebound in existing home sales, contributed to the Bank of Canada's decision to hike interest rates earlier this month.
Canada’s banking regulator says it is considering whether to extend the scope of its mortgage guidelines to include existing mortgages....
Rising interest rates in 2022 drove home sales and prices lower, but what does 2023 hold in store?
The decline in national home prices this year will not turn into a prolonged downfall like the one that happened in the early 1990s.
After reaching overheated territory earlier this year, risks to the country’s housing market are now easing as prices and activity...
The Globe and Mail‘s Editorial Board tread into controversial territory recently by saying Canada’s “bonkers” housing market is making the...