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Some long-unaffordable pockets of Canada’s housing market could open up to first-time homebuyers this fall as interest rates decline but experts expect prices will hold relatively flat. Activity in the Canadian housing market has largely been muted through much of the spring and summer despite the start of rate cuts …
Read More »Toronto-area home sales decline in August, but rate cut could spur activity: board
By Staff The Canadian Press Posted September 5, 2024 6:19 am 1 min read Descrease article font size Increase article font size The Toronto Regional Real Estate Board says home sales in August fell from last year as average home prices edged lower. The board says there were 4,975 homes sold in …
Read More »Canada’s housing market hit ‘pause’ in July despite rate cuts – National
The start of interest rate cuts from the Bank of Canada has done little to stoke a fire in the Canadian housing market, fresh data from July shows. The Canadian Real Estate Association (CREA) said Thursday that home sales retreated by 0.7 per cent month to month in July, giving …
Read More »‘It’s crickets’: How sellers are getting creative in a slow housing market
A flood of listings in many Canadian housing markets is giving buyers who can qualify their pick of the litter and is forcing some sellers to get creative to land a deal. A glut of condos in Toronto, for example, means some sellers have to pull out unorthodox strategies to …
Read More »Greater Toronto home sales fall amid affordability challenges but relief forecasted – Toronto
By Staff The Canadian Press Posted December 5, 2023 6:06 am Descrease article font size Increase article font size TORONTO — Greater Toronto home sales fell six per cent last month compared with November 2022 despite an influx in new listings, as high borrowing costs and uncertain economic conditions persisted. …
Read More »Canada’s housing market has ‘rebounded sharply’. As rates rise, can it last? – National
The Bank of Canada’s return to interest rate hikes will not be enough to fully tamp down an uptick in activity in the housing market, argues a new report from Desjardins. Signals from the Bank of Canada that its interest rate tightening cycle had possibly peaked in January gave way …
Read More »High interest rates are slowing homebuilding, but the worst is yet to come – National
Homebuilding in Canada is slowing down just as policymakers are trying to pick up the pace. The rapid surge in interest rates over the last year is starting to throttle the pace of homebuilding, the Canada Mortgage and Housing Corp. (CMHC) warned in a new housing supply report Wednesday. As …
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