Canadian housing starts in April dipped by 1% from March, according to new data from the Canada Mortgage and Housing Corp. (CMHC). Last month’s seasonally adjusted annual rate (SAAR) of housing starts totaled 240,229 units last month, compared to 242,267 in March....
The Greater Toronto Area recorded 7,114 home sales during April, down 5% from last year, according to the Toronto Regional Real Estate Board (TRREB). This occurred while new listings were up 47.2% year-over-year. “Many homeowners are anticipating an increase in demand...
Nearly three-quarters (72%) of potential Canadian homebuyers are waiting until interest rates drop before purchasing a home, according to the latest BMO Real Financial Progress Index report. This is a 4% increase from 2023. The new report also found 85% of Canadians...
While 60% of Canadians believe homeownership is a good investment, half of Canadians complained that inflation is eroding their ability to save for a home, according to the 30th annual Homeownership Poll conducted by RBC (NYSE:RY). In an online survey of 2,824...
Home sales across Canada were up by 0.5% from February to March, according to data from the Canadian Real Estate Association, while actual (not seasonally adjusted) monthly activity was up by 1.7% from one year. The number of newly listed properties declined 1.6%...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
