Canada’s central bank has cut interest rates for the fifth consecutive time to 3.25 per cent as the country’s economy grows at a slower rate than projected.

Average asking rents were down 1.6% on an annual basis, marking the first year-over-year decline since the pandemic.

While the Greater Toronto Area is expected to see a bump in home prices in 2025, condo prices will not recover next year, according to a new report by Royal LePage.

Greater Toronto Area (GTA) home sales increased strongly on a year-over-year basis in November 2024. Many buyers benefitted from more affordable market conditions brought about by lower borrowing costs. New listings were also up compared to November 2023, but by a much lesser annual rate. This meant that market conditions tightened, resulting in overall average price growth compared to last year.

Canada’s banking regulator threw the mortgage industry a curve ball last week when a representative suggested there were some restrictions to a recent policy change most brokers weren’t aware of.

Experts predict a seller's market in nearly half the nation’s housing regions

The Bank of Canada (BoC) is preparing for its final rate announcement of 2024 on December 11, with economists anticipating a potential further reduction in its lending rate that could impact borrowing costs for Canadians.

Ontario is exploring a proposal to allow credit reporting agencies to access Landlord and Tenant Board (LTB) orders for renters with a history of missed payments.

Rate cuts offered stability, but economic risks and high mortgage rates keep recovery uncertain.

Effective Thursday, uninsured bank borrowers no longer need to show they can afford a higher rate when switching lenders.

Various signs point to the Bank of Canada (BoC) cutting interest rates by another half percentage point in December, even if the bank hasn’t said so explicitly, CIBC economists say.

The average income needed to buy a home keeps inching down in cities across Canada, according to the latest data.

Conditions on the resale market tightened further in October, with a seller’s market that is synonymous with upward price support.

Home sales activity recorded over Canadian MLS® Systems increased 7.7% on a month-over-month basis in October 2024, reaching its highest level since April 2022.

BMO economist predicts homeowners can absorb higher mortgage rates

Canada’s rental market has hit a critical low in vacancy levels, but developers are struggling to keep pace with the growing demand for new housing.

Canada's housing affordability cannot be resolved by changing the country's unique mortgage structure, the Bank of Canada's Senior Deputy Governor said on Wednesday, as a wave of mortgage renewals over the next two years threaten to hurt the economy.

Greater Toronto Area (GTA) home sales increased strongly year-over-year in October 2024. Over the same period, new listings were up, but by a lesser annual rate. The result was tighter market conditions compared to October 2023. The average selling price was up slightly on an annual basis.

Conservative Leader Pierre Poilievre has written to the provinces’ premiers, asking them to eliminate their sales taxes on new homes that are under $1 million.

Canada's housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being issued by alternative lenders.