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National HPI Fell for The 8th Time in 9 Months, with Sales Weakening to End Housing Market Recent Streak of Modest Gains

Canadian home prices slid to their weakest level in more than three years in August, extending a correction that has now erased 4.2% of value from the national market’s peak … [read more]

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Metro Vancouver Housing Market Sales Down 8.4% M/M, Attached & Detached were Slightly Above Y/Y Levels

Home sales registered on the MLS® in Metro Vancouver declined 8.4% relative to September last year, weighed down by the apartment segment. The Greater Vancouver REALTORS® (GVR) reports that residential … [read more]

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While The Current Pace of Housing Starts is Elevated, The Downward Trend to Continue

Canada’s housing starts continued to trend lower in August, even as the monthly pace of new construction remained essentially unchanged. Canada Mortgage and Housing Corporation (CMHC) said the six-month trend … [read more]

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Higher Bond Yields are Creating Pressure on Mortgage Rates, But Still Expects A Strong Finish for The Housing Market

The Bank of Canada held its benchmark interest rate at 2.25% on Sept. 2 for the seventh consecutive time, but governing council minutes released Wednesday make clear that policymakers are … [read more]

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