Toronto housing market Archives - Page 2 of 3 - Mortgage Rates & Mortgage Broker News in Canada

Greater Toronto home sales down 16% in June despite Bank of Canada’s rate cut: board

July 4, 2024 No Comments

The Toronto Regional Real Estate Board says home sales in June declined 16.4% from last year, with many potential buyers staying on the sidelines despite the highly anticipated Bank of Canada interest rate cut.

Spring housing market stalls as homebuyers remain on the sidelines

June 9, 2024 No Comments

Canada’s typically busy spring housing market stalled as homebuyers largely chose to wait on the sidelines for confirmation of the Bank of Canada’s first rate cut.

Canada’s largest cities saw home sales surge in January

February 7, 2024 No Comments

The year started with a jump in home sales in Canada’s largest urban centres, with gains exceeding 30% in Toronto, Vancouver and Calgary.

Housing market cooldown continued in November, but few signs of widespread selling related to renewal shock

December 7, 2023 1 Comment

The slowdown in housing activity across the country continued in November, but so far there aren’t signs of widespread distressed selling, figures show.

Real estate markets defy rate hikes: annual growth in activity persists, but there are signs of a cooling ahead

August 7, 2023 No Comments

Real estate markets in the country’s largest metro areas remained relatively strong in July despite the Bank of Canada’s most recent rate hikes.

BoC rate hike put a chill on Canadian housing in June

July 6, 2023 1 Comment

While home sales remain higher on an annual basis in most of Canada’s major housing markets, activity—and prices— have largely cooled down compared to May.

Home prices rising in Canada's biggest cities

May statistics show Canada’s housing rebound may have started early

June 6, 2023 No Comments

Housing markets in the country’s largest metro areas continued to gather steam in May, pointing to a housing rebound that wasn’t expected by the Bank of Canada until later this year.

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.

March home sales in Canada's metro areas

Housing markets remained tight in March ahead of the busy spring homebuying season

April 11, 2023 No Comments

Home prices in the country’s large metro areas seem to be finding some support following a rise in sales in March and still tight inventory ahead of the traditionally busier spring homebuying season.

Home sales down, but new listings are surging across Canada

February 3, 2023 2 Comments

Higher borrowing costs are continuing to weigh on housing demand in many of the country’s largest cities. But the latest data also shows a surge in new listings in January.

Toronto housing market