Canadian home prices Archives - Page 2 of 3 - Mortgage Rates & Mortgage Broker News in Canada

Canadian home prices back on the rise in April

Home sales bounce back in April as national average home price rises back above $700,000

May 15, 2023 No Comments

Despite affordability challenges, rising housing demand has pushed Canada’s national average home price up to $716,000, in April.

Is the worst of the housing downturn behind us?

May 8, 2023 No Comments

Home prices in the country’s large metro were back on the rise in April amid continued tight inventory.

Home prices won’t revert to pre-pandemic levels, should start rising again in 2024: CMHC

May 2, 2023 No Comments

The Canada Mortgage and Housing Corporation (CMHC) expects home prices to reach a bottom this year, but aren’t expected to fall below pre-pandemic levels.

Homes sales and prices up again in March. Is it the start of a trend?

April 16, 2023 No Comments

Both existing home sales and average prices were up on a monthly basis in March, while housing inventory got even tighter.

National average home price rises $50k in February

March 15, 2023 No Comments

On a non-seasonally adjusted basis, home prices registered their first monthly rise in six months, jumping over $50,000 to $635,000.

Home prices to decline another 5-7% this year, but remain above pre-pandemic levels due to demand: Fitch

February 25, 2023 No Comments

Canadian home prices could fall another 5% to 7% in 2023, according to the latest forecast from Fitch Ratings.

January home sales at lowest level since 2009: CREA

February 16, 2023 No Comments

According to the latest data from the Canadian Real Estate Association, national home sales declined 3% month-over-month in January, their lowest level since 2009.

What can we expect from the housing market in 2023?

January 18, 2023 No Comments

Housing activity picked up across the country in December after plummeting for much of 2022 due to climbing interest rates.

Home sales and prices fell further in November

December 15, 2022 1 Comment

Home sales resumed their decline in November following a pause in October, while average home prices also continued their downward slide.

September housing data suggests downturn has “longer to run”

October 18, 2022 No Comments

Home prices continued to fall in September, marking the seventh consecutive month of declines, according to the Canadian Real Estate Association.

Canadian home prices