Top Stories

This Week’s Top Stories: Canada’s National Housing Agency Sees Falling Prices In Big Cities, and Ontario Sees Outflow of Residents

Time for your cheatsheet on this week’s most important stories. Canadian Real Estate Canada’s National Housing Agency Forecasts Price Drops In Toronto And Vancouver Canada’s national housing agency sees prices potentially falling in major markets. Toronto, Vancouver, and Montreal are all forecasted to be lower than they were last month. Some markets like Vancouver aren’t […]

Canada

RBC: Toronto Real Estate Affordability is Worse, Vancouver Makes Biggest Improvement

Already unaffordable Canadian real estate became a little less affordable during the pandemic. RBC, Canada’s largest banks, updated their housing affordability data for Q1 2020. The bank observed worsening affordability, meaning housing required more income last quarter. This was due almost entirely to Ontario, as other regions saw affordability improve. Canadian Affordability Is Still Getting […]