Home price index records smallest July increase in 15 years

Home price index records smallest July increase in 15 years

The closely monitored Teranet-National Bank Home Price Index logged a 0.3 percent increase in July, the smallest rise seen for the month in 15 years. The national index, a composite of home prices in 11 Canadian metropolitan areas, was expected to see a slowdown in...
Returning expats to boost new home building in Canada

Returning expats to boost new home building in Canada

The pandemic has dealt a historic blow to Canada?s immigration system. Data published by the Association for Canadian Studies in August found that just 34,260 permanent residents were admitted to Canada during the second quarter of 2020, a 64 percent drop from the...
Housing to become more affordable before end of 2020: RBC

Housing to become more affordable before end of 2020: RBC

The early months of the COVID-19 pandemic will be remembered for the sharp fall in home sales and listings as anxious buyers and sellers moved cautiously to the sidelines amidst unprecedented economic uncertainty. Now, as the landscape tentatively brightens and the...
Canadian home prices forecast to drop 10% in pandemic fallout

Canadian home prices forecast to drop 10% in pandemic fallout

Average Canadian home prices are projected to fall 10 percent from their pre-pandemic levels as high unemployment, rent declines and mortgage payment struggles caused by COVID-19?s economic impacts take their toll. The forecast from Capital Economics? Senior Canada...
Toronto home prices up 3% in May, sales rise from pandemic low

Toronto home prices up 3% in May, sales rise from pandemic low

The average sale price for a Toronto region home rose to $863,599 in May, up three percent from the same period in 2019. While sales continued to significantly underperform due to the ongoing impact of the COVID-19 pandemic, the total sales figure for May, at 4,606...

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