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New Initiative Launched to Accelerate Canadian Home Construction

by Phil Hall | Jul 25, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Canada Mortgage and Housing Corporation (CMHC) has announced its new Frequent Builder framework to speed the creation of affordable and rental homes by expediting the application process for housing providers. The new framework will target experienced housing...

Canadian Housing Starts Decline, Fueled by Urban Markets

by Phil Hall | May 16, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

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....
Toronto Home Sales Down Despite Spike in New Listings

Toronto Home Sales Down Despite Spike in New Listings

by Phil Hall | May 3, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

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...
Survey: Most Canadians Waiting for Lower Rates Before Buying a Home

Survey: Most Canadians Waiting for Lower Rates Before Buying a Home

by Phil Hall | Apr 29, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

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...
Survey: Half of Canadians Say Inflation Erodes Their Ability to Buy a Home

Survey: Half of Canadians Say Inflation Erodes Their Ability to Buy a Home

by Phil Hall | Apr 23, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

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...
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