Canada's housing market is in a period of declining house prices due do painfully low affordability. According to Moody’s Analytics, Canada is only halfway through the housing correction.
All in Mortgages
How soon will lower mortgage rates boost housing demand?
Lower interest rates can make it easier for people to buy a home.
The Bank of Canada Shouldn't Reduce Rates to Protect Banks
Don’t use quantitative easing (QE), to protect banks against their poor business decisions.
Why mortgage defaults don't help predict a housing correction
Mortgage delinquencies and defaults are terrible predictors of housing market corrections.
Rates show signs of moderating in late 2023 or 2024
The Canadian economy is showing early signs of a recession in 2023. Headwinds from aggressive central bank interest rate hikes are gaining strength, and the housing market has already seen a sharp decline since spring.
Canadian Confidence in the Real Estate Market Plumets
Less than 20% of Canadians believe home prices will be higher in 6 months. Find out the key reasons why Canadians have lost confidence in what they used to believe was the “safest investment” available.
When will Baby Boomers Downsize
Many Baby Boomers might choose to sell in 2023. Here are five key drivers of boomers’ decision to downsize and potentially add a lot of housing supply to the market.
Why is the Toronto property market dropping so quickly?
The combination of higher borrowing costs, economic uncertainty, rising supply of active listings, and government policies aimed at cooling the housing market have all contributed to the rapid drop in property values in Toronto. However, it's important to keep in mind that the real estate market is complex and that the impact of these factors can vary from area to area.