Canadian real estate remains out of reach for young adults, but the show must go on. That’s the takeaway from a new housing report from National Bank of Canada. Slow home sales have led to a backlog of developer inventory, but billions in public bailouts are being used to support prices. National Bank urges policymakers […]
Canadian rents continue to fall but a lack of demand hasn’t been the driver. Rentals.ca and Urbanation data shows asking rents fell in September. This marked a 24th straight month of declines, mostly in condo apartments. However, more than half the drop within the past two years was due to shrinking unit size. Canadian Rents […]
Rental prices in Canada have been driven by more than just population growth. A new Bank of Canada (BoC) research paper breaks down the factors that can explain the recent surge in 1 bedroom rents from 2020 to 2026. They found that financing costs made a big contribution to higher rents, especially when rates began […]
Canada’s East-West divide is extending to rental affordability, and not in the way many would expect. Statistics Canada (StatCan) data shows national two-bedroom asking rents sliding further in Q2 2026, but Atlantic Canada defied the trend. The East Coast has seen rents surge, with Halifax now among the most expensive cities in the country. Out […]
Canada’s building boom is slowing, but still very much alive–even without population growth. Canada Mortgage and Housing Corporation (CMHC) data shows housing starts slipped in June. BMO Capital Markets wrote to investors, explaining volumes of new housing aren’t a concern. However, they note Canada is building a “nation of rentals,” as most new units will […]
