ottawa home sales Archives - Mortgage Rates & Mortgage Broker News in Canada

Home sales in Canada’s largest cities picked up in June, but remain sluggish

July 8, 2024 No Comments

The Bank of Canada’s rate cut last month likely contributed to the uptick in resale activity, but experts caution that the market remains sluggish by historical standards.

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.

Home sales up in major metro areas as buyers bet on rate cuts later this year

March 6, 2024 No Comments

Sentiment appears to be improving in major real estate markets across the country, with most reporting an increase in sales activity in February.

Canada’s largest cities saw home sales surge in January

February 7, 2024 No Comments

The year started with a jump in home sales in Canada’s largest urban centres, with gains exceeding 30% in Toronto, Vancouver and Calgary.

Housing market sees late-year rebound despite 2023 being least active in over two decades

January 8, 2024 No Comments

Home sales surged in most of Canada’s large metro areas in December, despite total 2023 sales being well down from 2022.

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-and-home-sales-in-Canada-October-202

Interest rates continue to take a toll on housing as sales and prices continue to soften

November 8, 2023 No Comments

Higher interest rates are continuing to exert downward pressure on both home sales and prices, according to real estate boards in the country’s largest markets.

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.

Recent rate hikes continue to slow housing activity in Canada’s largest cities

September 11, 2023 No Comments

Housing markets in the country’s largest markets continued to moderate in August, following the Bank of Canada’s recent interest rate hikes over the summer.

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.

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