home prices

Canada's housing market experienced overvaluation in some pockets of the country in the spring amid the COVID-19 pandemic, Canada Mortgage and Housing Corp. said in a new report released on Monday.In cities such as Victoria, Moncton and…

Canada Mortgage and Housing Corp. is bracing for further impacts on the housing market from the COVID-19 pandemic.The housing market will have to reckon with significant short-term uncertainty, as well as falling housing demand from…

CALGARY – Soaring lumber and wood panel prices are adding thousands of dollars to the cost of building a home in Canada as strong renovation and new housing demand outstrip supply.The latest price list from research firm Random Lengths…

TORONTO – A Bank of Canada economist says the current economic recovery could be different than the recovery from the financial crisis of 2008.Bank of Canada Director of Financial Stability Mikael Khan said that while the employment…

According to the Real Estate Board of Greater Vancouver (REBGV), home buyers and sellers have gradually become more active in each month of the COVID-19 pandemic, as with June, home sale and listing activity in Metro Vancouver returned to…

Significant employment and income declines, coupled with uncertainty over the future trajectory of the virus and employment and income conditions, will lower demand for housing in 2020 reports Canada Mortgage and Housing Corporation (CMHC).…

VANCOUVER – Home sales in the Greater Vancouver area continued their steep year-over-year drop last month amid confinement measures and physical distancing requirements related to the COVID-19 pandemic.The Real Estate Board of…

DBRS Morningstar has released a commentary titled Macroeconomic Scenarios: Canada’s Residential Mortgage Market. In this commentary, DBRS Morningstar build’s on our two macroeconomic scenarios for Canada to assess how the economic outlook…

VANCOUVER – A report from the B.C. Real Estate Association says the 2020 COVID-driven recession will be deep, although it could be shorter than other Canadian economic downturns.The market intelligence report released Monday by the…

Toronto home sales in November rose 14.2 per cent from a year ago while home prices saw their strongest growth for the year.The Toronto Real Estate Board says there were 7,090 home sales in the month as sales rose in all major…