With interest rates increasingly expected to stay higher for longer, many of the homeowners who locked in low rates years ago are likely bracing themselves for financial pain as ... More

Millions of Canadians want to achieve their dream of homeownership, but affordability remains out of reach for many, and changing that will be a slow journey according to RBC. ... More

Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise. ... More

Canadian banks have approximately $250 billion in mortgages with repayment terms set at 35 years or longer ... More

Fixed mortgage rates could surge higher in the coming week after Government of Canada bond yields—which lead fixed mortgage rates—shot up to a 16-year-high. ... More

August activity at more than 60% below the region's 10-year average sales level ... More

Canadians are paying more for housing as of August 2023 than in the past three decades, Statistics Canada data shows. ... More

Multiplexes will now be permitted to be built across Toronto after being approved by councillors on Wednesday in a bid to create more housing options. ... More

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month-over-month basis in August 2023. ... More

Canadian mortgage borrowers continued to see their interest costs climb in the second quarter, which have now soared over 80% since the Bank of Canada started raising interest ... More

Investors in Canada’s residential real estate market accounted for a larger share of mortgaged purchases than repeat homebuyers in recent years despite rising interest ... More

It’s no secret that Canada’s banking regulator has its sights set on fixed-payment variable-rate mortgage products. And OSFI chief Peter Routledge reiterated that ... More

The Bank of Canada held its key interest rate steady at five per cent today, citing recent evidence that suggests the economy is weakening. ... More

Higher borrowing costs, continued uncertainty about the economy and Bank of Canada decision making, and the constrained supply of listings resulted in fewer home sales in August ... More

Housing affordability in Toronto would remain strained even in the event of a deep economic recession, a new Desjardins analysis has found, highlighting the challenge ahead in ... More

Higher living costs are pushing more and more Canadians into debt, according to a new report. ... More

This is despite a projected slight drop in the BoC’s policy rate by the end of 2024 or early 2025 ... More

Economists say the latest GDP data from Statistics Canada showing a contraction in the economy suggests the Bank of Canada's rate hiking campaign may be coming to an end. ... More

The Bank of Canada's June and July interest rate increases essentially put a stop to the housing market’s recovery, says analyst. ... More

Interest rates and borrowing costs may be surging - but Canadian home prices are continuing to rise at a rapid clip, according to new data. ... More

Single-family home sales up 11% this year, but can't make up for condo sales decline, July report states. ... More

Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon. ... More

Fuelled by a drop in prices, there was a “short burst of home-buying activity” in the Greater Toronto Area (GTA) during this year’s second quarter, but it was ... More

Many Canadian homebuyers waiting patiently for construction to finish on their pre-sale unit are being met with cancellation notices from developers. The building environment is ... More

Home prices posted the second-highest increase ever recorded in a single month after the one observed in July 2006, according to the latest Teranet-National Bank composite index. ... More

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were only slightly changed on a month-over-month basis in July 2023. ... More

A new report by Colliers Canada predicts the national office vacancy rate could peak at approximately 15 per cent by the end of 2024 as the rise of hybrid work models prompt ... More

The pandemic-era robustness observed in Canada’s recreational real estate segment has moderated amid mounting borrowing costs coupled with reduced demand, according to a new ... More

Originally introduced to mitigate borrower default risks in the event of rising interest rates, some brokers now argue that Canada’s mortgage stress test is no longer needed ... More

Amidst continued interest rate hikes and economic challenges, the average asking price for a rental unit in Canada reached another new record of $2,078 in July, according to a ... More