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

Housing supply and its role in the affordability crisis

Single-detached housing starts down 25% from last year: CMHC

October 5, 2023 No Comments

The number of new single-detached houses under construction in the first half of 2023 was down 25% compared to last year.

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.

Housing affordability eased slightly in Q1, but “incredibly challenging” conditions persist: RBC

July 4, 2023 No Comments

The Bank of Canada’s temporary rate pause in the first half of the year helped ease affordability in the first quarter, but only nominally.

Canadian covered bonds retain high ratings despite market conditions: Fitch

June 22, 2023 No Comments

With the current combination of high interest rates, inflationary pressures, and higher mortgage payments, one would expect Canada’s structured bonds to decline in rating.

A rebound in Canada’s housing market contributed to the BoC’s decision to hike rates in June

June 21, 2023 No Comments

Ongoing excess demand in the economy, including a recent rebound in existing home sales, contributed to the Bank of Canada’s decision to hike interest rates earlier this month.

How can we fix Canada’s housing supply crisis? This panel of experts has some ideas…

May 31, 2023 No Comments

There’s no doubt that Canada is currently in the midst of a housing supply crunch. The big question is, what can be done by governments to address it?

OSFI considering the need for additional regulations on existing mortgages

April 20, 2023 No Comments

Canada’s banking regulator says it is considering whether to extend the scope of its mortgage guidelines to include existing mortgages. In its second Annual Risk

2023 housing and interest rate forecasts

December 29, 2022 No Comments

Rising interest rates in 2022 drove home sales and prices lower, but what does 2023 hold in store?

November data show housing markets are still in “correction mode”

December 6, 2022 No Comments

The housing slowdown continued in November with home sales down over 50% year-over-year in some of the country’s biggest cities.

Home prices post fifth straight monthly drop—now down 23% from February peak

August 15, 2022 No Comments

Canada’s national average home prices fell for the fifth consecutive month in July, having now fallen 23% since reaching a peak in February.

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