housing market Archives - Mortgage Rates & Mortgage Broker News in Canada

Housing and interest rate forecasts for 2025

December 30, 2024 1 Comment

As we reflect on 2024, it was a year of resilience and adjustment for Canada’s housing and mortgage market, marked by the Bank of Canada’s pivot to rate cuts after two years of relentless hikes, offering long-awaited relief to borrowers.

CMHC: Restoring pre-COVID housing affordability should be the goal

December 9, 2024 No Comments

New analysis comes as federal government faces pressure to tackle the housing crisis

Spring housing market stalls as homebuyers remain on the sidelines

June 9, 2024 No Comments

Canada’s typically busy spring housing market stalled as homebuyers largely chose to wait on the sidelines for confirmation of the Bank of Canada’s first rate cut.

Bank of Canada’s rate cut could spur housing demand as Toronto home sales fall in May

June 5, 2024 No Comments

Real estate market analysts say the Bank of Canada’s much anticipated decision to lower its key interest rate could be the sign that many would-be homebuyers have been waiting for to make their move.

Regulations, ‘fragmented’ construction sector holding back housing starts: CMHC

May 16, 2024 No Comments

A study by Canada’s national housing agency says housing starts aren’t keeping pace with residential construction resources available due to restrictive regulations and a “highly fragmented” industry.

Spring housing market surge unlikely as affordability, cost of living weigh on buyers

April 8, 2024 No Comments

economists say a rebound awaits the national housing market — but don’t expect a big surge just yet.

Canada Mortgage and Housing Corp. says the annual pace of housing starts in January fell 10 per cent compared with December. Framers work on a new house under construction in Airdrie, Alta., Friday, Jan. 28, 2022.THE CANADIAN PRESS/Jeff McIntosh Canada Mortgage and Housing Corp. says the annual pace of housing starts in January fell 10 per cent compared with December. Framers work on a new house under construction in Airdrie, Alta., Friday, Jan. 28, 2022.THE CANADIAN PRESS/Jeff McIntosh

CMHC reports annual pace of housing starts in January down 10% from December

February 15, 2024 No Comments

Canada Mortgage and Housing Corp. says the annual pace of housing starts in January fell 10 per cent compared with December.

Housing market cooldown continued in November, but few signs of widespread selling related to renewal shock

December 7, 2023 1 Comment

The slowdown in housing activity across the country continued in November, but so far there aren’t signs of widespread distressed selling, figures show.

Home prices could be in “another leg down,” as housing weakness spreads

November 15, 2023 No Comments

Weakness in Canada’s housing markets is now spreading beyond the major markets of Vancouver and Toronto, the latest data reveal.

Housing supply and its role in the affordability crisis

Single-detached housing starts down 25% from last year: CMHC

October 5, 2023 No Comments

The number of new single-detached houses under construction in the first half of 2023 was down 25% compared to last year.

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