You did it! Your household earns the median income for Canada, and you convinced your boss to work from home. Now you just need to find a home you can afford, in the second largest country in the world. Easier said than done. Don’t worry, we got you. We hope you like small and remote […]
Canadian Real Estate Sales and Prices Plummet, Experts Warn It’s Just Getting Started
The Canadian real estate boom is dead and experts see an inevitable correction. Canadian Real Estate Association (CREA) data shows home sales dropped in April. Higher mortgage rates and unsustainable prices have vaporized demand, as markets adjust. As big as the drop in demand was last month, economists think we’re just getting started. Canadian Real […]
Canadian Real Estate Prices Dropped For The First Time In 2 Years
Canadian real estate gave back some of its record gains for the first time in years. Canadian Real Estate Association (CREA) data shows the benchmark price of a home fell in April. A typical home saw prices fall only slightly and annual growth remains high. However, Canada hasn’t seen prices fall in two years, and […]
Most Canadian Real Estate Markets Have Slowed, Prices Fell Up To $40k In A Month
Canadian real estate went from rising tens of thousands per month to falling just as fast. In March, most markets saw monthly growth of the benchmark price fall, according to CREA data. The issue is more pronounced in Ontario, where markets fell up to $40k over just a few days. Most Canadian Real Estate Markets […]
Ontario Real Estate Prices Have Surged Up To 111% Since 2020
Ontario real estate has grown so fast, the rest of Canada’s housing bubble looks tame. Canadian Real Estate Association (CREA) data shows major markets saw prices rise at least 60% since 2020. Some housing markets have even seen prices more than double in just over two years. Ontario’s Top Real Estate Markets Have Seen Prices […]
Canadian Real Estate Price Growth Shows Abrupt Deceleration As “Busy” Spring Starts
Canadian real estate price growth is running out of steam, falling from record highs. Canadian Real Estate Association (CREA) data shows home prices hit a record in March. However, most of that appears to be momentum, as the annual rate showed abrupt deceleration. Higher interest rates are cooling expectations, and we may now be past […]
Canadian Real Estate Prices Are $296,000 Higher Since BoC Lowered Interest Rates
Canadian real estate prices aren’t cooling against the threat of higher interest rates. Canadian Real Estate Association (CREA) data shows it did the opposite in February. Prices were already growing at a fast rate last year, and that rate has nearly doubled since. Loose policy disrupted the real estate cycle, pushing the market into uncharted […]
Canadian Real Estate Markets Saw Prices Increase Up To $128,000 Last Month
Canadian real estate prices aren’t slowing down from the threat of higher rates. In fact, Canadian Real Estate Association (CREA) data shows the opposite for January. Over just one month, real estate markets have seen a “typical” home rise up to six figures from a month before. A Typical Home Across Canada Now Costs $825,000 […]
Canadian Real Estate Prices Jump Another $29,000 And Have Never Grown Faster
Canadian real estate prices are moving at a record-shattering speed these days. Canadian Real Estate Association (CREA) data shows home prices hit a new record in January. Though they didn’t just hit a record for price, but the growth rate as well. Despite warnings of higher rates and a regulator calling the market a bubble […]
Canadian Real Estate Markets Have Seen A “Typical” Home Increase Up To $400,000
Canadian real estate prices are soaring at the fastest pace ever, yet the national numbers downplay growth. Canadian Real Estate Association (CREA) data shows home prices continued to soar in December. Over just 31 days, a “typical” home added up to $40,000 in one market. Over the past year, prices have increased more than ten […]