housing market

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).…

Recent GTA housing market statistics for May 2020 reveals a decrease in sales on a year a year-over-year basis due to the continued impact of COVID-19.Greater Toronto Realtors reported 4,606 sales through the Toronto Regional Real…

Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, said Canada Mortgage and Housing Corp. in an outlook released…

According to the monthly National Rent Report from Rentals.ca and Bullpen Research & Consulting, average monthly rents were down in April over March in Toronto, Vancouver, Calgary and Ottawa.Although average rents in Canada were…

Home sales in the Greater Vancouver area hit their lowest levels in nearly 40 years in April due to the COVID-19 pandemic, and experts say buyers can expect price declines to eventually follow.The sales total of 1,109 homes was 62.7…

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…

Statistics released by the Canadian Real Estate Association (CREA) show national home sales and listings were down sharply between February and March 2020.The CREA reports that home sales recorded over Canadian MLS® Systems dropped by…

According to a recent Zillow and Ipsos survey, Torontonians confidence in the ability to own the home they want is on the decline due to rising home prices.For buyers, 77 per cent are concerned they can't afford the home they want,…

CHARLOTTETOWN — Prince Edward Island is on track for a third consecutive year of record new home construction, but tenants are still feeling the pinch from a provincial vacancy rate that is the lowest in the country.The current…

VANCOUVER — Home sales in Metro Vancouver remain well below the 10-year average for the region but sellers continue to hold the upper hand as the real estate board says demand for properties is steady with buyers having little to choose…