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Under Market Updates

Improving National Housing Market Mechanics Still Intact, Early Signs of Regional Rebalancing

Canada’s housing market hit pause in August after five consecutive months of gains with resales declining 0.7% month-over-month seasonally adjusted—retreating to levels in May. The pullback coincided with an escalation … [read more]

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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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Lower Mainland Housing Market Improved, but Weak Demand, High Borrowing Costs & Falling Exports Weigh on Outlook

The Lower Mainland housing market showed signs of life at the end of the summer, but the transition to fall remains subdued. The latest MLS data for the region spanning … [read more]

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