OREA Archives - Mortgage Rates & Mortgage Broker News in Canada

Are Ontario’s 2024 budget housing policies enough to address the supply crisis?

March 26, 2024 No Comments

As part of its $214.5 billion 2024 budget unveiled today, the Government of Ontario rolled out several housing initiatives aimed at increasing supply and facilitating the development of purpose-built rentals.

OREA calls on government to increase housing supply

OREA calls for bold action to address Ontario’s housing shortfall

February 1, 2024 No Comments

Despite making progress on its goal of building 1.5 million new homes by 2031, the Ontario government must do more to improve housing stock and cut down on bureaucratic obstacles, the Ontario Real Estate Association (OREA) says.

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 listings surge and buyer demand cools in Canada’s largest markets

October 10, 2023 No Comments

Real estate listings in the country’s largest metro areas continued to grow in September while buyer demand is trending downward.

Real estate markets defy rate hikes: annual growth in activity persists, but there are signs of a cooling ahead

August 7, 2023 No Comments

Real estate markets in the country’s largest metro areas remained relatively strong in July despite the Bank of Canada’s most recent rate hikes.

BoC rate hike put a chill on Canadian housing in June

July 6, 2023 1 Comment

While home sales remain higher on an annual basis in most of Canada’s major housing markets, activity—and prices— have largely cooled down compared to May.

March home sales in Canada's metro areas

Housing markets remained tight in March ahead of the busy spring homebuying season

April 11, 2023 No Comments

Home prices in the country’s large metro areas seem to be finding some support following a rise in sales in March and still tight inventory ahead of the traditionally busier spring homebuying season.

Home sales down, but new listings are surging across Canada

February 3, 2023 2 Comments

Higher borrowing costs are continuing to weigh on housing demand in many of the country’s largest cities. But the latest data also shows a surge in new listings in January.

Home sales plummet as buyers and sellers take wait-and-see approach

January 5, 2023 No Comments

Home sales plummeted in the country’s largest metro areas by between 30% and 50% as both buyers and sellers bide their time on the sidelines.

November data show housing markets are still in “correction mode”

December 6, 2022 No Comments

The housing slowdown continued in November with home sales down over 50% year-over-year in some of the country’s biggest cities.

OREA