The country’s housing market was stone cold in January and the Canadian Real Estate Association is blaming the weather – or at least the weather in parts of southern Ontario. Record setting snowfalls and ferociously cold temperatures appear to have kept house hunters indoors. Seasonally adjusted sales were down nearly 6.0% in January compared to […]

The province’s new program lets eligible first-time buyers purchase with just two per cent down through select credit unions, but brokers warn the trade-offs could limit flexibility and increase long-term costs. Nova Scotia’s new pilot program to help first-time homebuyers enter the housing market is drawing national attention, as industry experts assess how the initiative […]

The Canada Mortgage and Housing Corp. says it sees signs of financial stress among homeowners in Toronto and Vancouver, with missed mortgage payments projected to steadily increase. First-time buyers who purchased during the COVID-19 pandemic when interest rates were lower also show greater signs of vulnerability. Figures from CMHC show that while missed mortgage payments […]

Real estate activity in the Vancouver area got off to a slow start this year as residential sales in the region totalled 1,107 last month, down 28.7% from January 2025. Greater Vancouver Realtors says the number of properties that changed hands was also 30.9% below the 10-year seasonal average. The composite benchmark price for all […]

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. Major economies around the world continue to show resilience to US trade protectionism, but uncertainty is still high. In the United States, economic growth is being supported by strong […]