Rishi Sondhi Archives - Mortgage Rates & Mortgage Broker News in Canada

Tariff uncertainty foils ‘slam dunk rebound year’ for national home sales: CREA

April 15, 2025 No Comments

The Canadian Real Estate Association has downgraded its forecast for home sales activity in 2025, while the number of homes that changed hands across the country in March was down 9.3% compared with a year ago.

‘Turning point’: Rent prices should see relief this year, but markets still tight

January 26, 2025 1 Comment

For Canadian renters, it may feel like the years since the COVID-19 pandemic have brought one hit after another.

Housing market poised for 2025 comeback as lower rates unleash pent-up demand

December 31, 2024 No Comments

As the calendar flipped one year ago, Canadian real estate watchers were optimistic a sluggish 2023 would give way to a rebound, with hopes of renewed demand as soon as the spring.

New mortgage rules take effect today; more may be coming on Monday, economist says

December 14, 2024 No Comments

Two sweeping mortgage reforms take effect today, December 15, targeting housing affordability and easing financial pressures—changes that may be followed by more announcements this week.

CMHC reports annual pace of housing starts up eight per cent in October

November 18, 2024 No Comments

Canada Mortgage and Housing Corp. says the annual pace of housing starts in October rose eight per cent compared with September.

National housing market in ‘holding pattern’ as buyers patient for lower rates: CREA

September 16, 2024 No Comments

The Canadian Real Estate Association says the number of homes sold in August fell compared with a year ago as the market remained largely “stuck in a holding pattern” despite borrowing costs beginning to come down.

High borrowing costs, record condo completions lead to oversupply in Greater Toronto

September 11, 2024 No Comments

Greater Toronto Area-real estate watchers say the combination of high interest rates and an uptick in new condo units coming online has led to an oversupply that will take time to balance out.

Home sales slid in May as buyers awaited confirmation of a Bank of Canada rate cut

June 17, 2024 1 Comment

Home sales slipped in May and listings continued to build as prospective homebuyers largely remained on the sidelines.

Housing starts down seven per cent in March from February: CMHC

April 16, 2024 No Comments

Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.

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.

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