Browsing: Real Estate News

Two of Canada’s biggest home price gauges agree the national market cooled in August, but their city-by-city numbers tell sharply different stories.

Fixed mortgage rates jumped and CMHC starts data slipped in August, even as the Bank of Canada held its policy rate steady for a seventh straight time.

CMHC data show starts rising 6 to 7 per cent in Calgary and Vancouver in August even as CREB and GVR data show sales and prices falling in both cities.

Ottawa’s Sept. 8 counter-tariffs on U.S. carpet, plywood and steel doors are pushing up home-building costs, industry groups and StatCan data show.

Ottawa home sales fell 18.6% in August, nearly triple the national drop, but the city’s benchmark price rose 1% as CREA’s national index fell 3%.

CMHC’s Fall 2026 report calls for up to 4.69 million homes by 2036. In 2022, the same federal agency said 3.5 million would fix things by 2030.

CMHC data show housing starts rose in five of Canada’s six biggest markets in August even as resales fell in all six, CREA and board data show.

Toronto’s average home price fell below $1 million again in August even as Winnipeg posted its highest year-to-date prices on record, board data show.

CMHC data show Toronto condo starts collapsing as builders pivot to purpose-built rental, even as CREA reports a fourth flat month for resale sales.

National rents fell 4.8% in August, a 23rd straight decline, but StatCan data shows Thunder Bay, Sherbrooke, Halifax and Saskatoon rents rising over 5%.