Canadian home prices Archives - Mortgage Rates & Mortgage Broker News in Canada

estate cottages and townhouses under construction

Ottawa has to allow home prices to fall to make housing more affordable, experts say

May 24, 2025 2 Comments

Housing experts are pushing back against a federal cabinet minister’s recent claim that home prices don’t need to go down in order to restore housing affordability.

A sold home is pictured in Vancouver, B.C.

Home sales down almost 10% annually last month: Canadian Real Estate Association

May 15, 2025 No Comments

The Canadian Real Estate Association says home sales in April fell 9.8% compared with the same month last year, as the national housing market has returned “to the quiet markets we’ve experienced since 2022.”

Vacation home market slows after pandemic boom, but prices still rising: Royal LePage

March 26, 2025 No Comments

While fewer Canadians may be looking to buy a vacation home in some regions compared with years past, a new report says prices are expected to increase in 2025 as demand still outpaces supply across most markets.

Home sales dented by tariff worries in January as listings surge: CREA

February 18, 2025 No Comments

Tariff uncertainty put downward pressure on home resales in January while total listings saw one of the biggest spikes in decades, said the Canadian Real Estate Association on Tuesday.

National home sales finish strong in 2024, as association forecasts rebound this year

January 15, 2025 No Comments

The number of homes that changed hands across the country in December was up 19.2% compared with a year earlier, as the Canadian Real Estate Association says a strong fourth quarter bodes well for a rebound in sales in 2025.

Canada’s housing rebound continued in January. What should buyers expect this spring?

February 14, 2024 No Comments

January marked the second straight month of higher home sales in Canada, which are now up 22% from a year ago.

2023 marked 15-year low in Canadian home sales, but ended with December “bounce”

January 15, 2024 No Comments

Canadian existing home sales reached their lowest level in 15 years in 2023, although the year did end on a high note with a December “bounce” in activity.

Canadian home prices face downward pressure as inventory builds and sales slow

October 13, 2023 No Comments

The trend of falling home sales and a growing number of listings continued in September, which observers say should keep downward pressure on prices.

Canadian housing market continues to surge as resale prices rise for fourth straight month

June 15, 2023 No Comments

Average resale home prices continued to climb in May, marking the fourth consecutive monthly increase, the Canadian Real Estate Association reported today.

Why is there a lack of new home listings in Canada?

May 17, 2023 1 Comment

Something unusual is happening across most Canadian housing markets this year. In the past, as the springtime was approaching, new home listings were usually rising more strongly than home sales. This year, the opposite is the case.

Canadian home prices