Monthly Housing Market Update

Lower interest rates got the wheels turning a little faster in September for homebuyers.

Interest rates may be coming down, but most Canadian homebuyers remain unconvinced that now is the right time to make a purchase.

Resales pulled back modestly—dipping 0.7% between June and July at the national level—partially offsetting a 3.5% advance in June.

The first Bank of Canada interest rate cut in four years brought some energy to Canada’s housing market in June.

The spring-long stalemate between buyers and sellers stretched into May. Home resales and prices were little changed nationwide, edging lower by 0.6%...

We saw a healthy number of new listings come to market this April—but even so, buyers remained on the sidelines across most major Canadian markets....

March brought a mixed bag of activity to Canada’s housing market. Resales continued to linger around February levels at the national level—still...

February offered valuable clues on the direction Canada’s housing market is taking. Improving sentiment among buyers and sellers—no doubt stoked...

Home resales in Canada increased for the second month in a row in January, rising 3.7% from December. Resales are back up to where they were last...

Well, 2023 had one last surprise up its sleeve: home resale transactions in Canada bucked the softening trend and rebounded a solid 8.7% m/m in...

Canada’s housing market downturn spread further in November. Most markets are now in correction mode with high interest rates, the loss of...

Higher interest rates are increasingly cooling housing markets across the country. But there’s no region feeling it more than Ontario at this stage.