HOUSING MARKET OUTLOOK Ontario Region HighlightsCanada MortgageHousing Corporation
In its latest report on national home sales and pricing data, the Canadian Real Estate Association said there have been softer market conditions since the end of last summer, with sellers joining potential buyers on the sidelines. While price declines have mainly bee...
In the second quarter of last year, 4.3 out of every 10 homes started in Canada were in the province of Ontario. This year, the ratio dropped to 3.2 out of 10. Unaffordable home prices in the Greater Toronto Area are one of the major reasons for the decline in that province’s residen...
Number of new housing starts in Ontario Number of multifamily building permits in Quebec House prices Average house price Least affordable housing market in Canada Average resale house price Single-family house price in Oak Bay, BC Average house price in Alberta Average condo sales pric...
OTTAWA, Ontario, Jan. 15, 2025 (GLOBE NEWSWIRE) -- The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity and...
Prime Minister Trudeau said his government has a bailout package ready. In all seriousness, that cannot defect the full impact of a prolonged 25% tariff into the US. The Ontario economy is geared to the U.S. market and decoupling from it would take many years. Canada would need to develo...
“I spoke to a builder recently who sold two houses in all of 2024. The market is already in a bad place, and there’s no saying how bad the fallout from this additional threat will be,” warned Scott Andison, CEO of OHBA. “Builders across the province are struggling to sur...
The Prairie provinces can expect more positive housing market conditions due to interprovincial migration and affordable homeownership. Ontario, British Columbia and Quebec will see significant drops in housing starts compared to other regions. The Atlantic region’s economy remains stable and moderate rela...
The extended amortization period is expected to have a more substantial impact on affordability in the condo apartment market, making homes that would have been unaffordable accessible to first-time buyers. Still, Canada’s most expensive communities, such as the Greater Toronto Area (GTA), parts ...
As you’ll see below, the EV market is growing in 2023, and investors wonder if TSLA is the stock to buy as we head to the recovery in 2024. It’s built a stellar brand reputation among auto buyers who prefer a… Read More Tesla Stock Housing Ontario’s New Housing Growth Bill ...