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Canadian Real Estate National News

Canada’s real estate market offers a diverse range of opportunities, influenced by strong population growth, economic stability, and high quality of life.

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Latest Stories

  • Stats

Major Real Estate Funds Face Losses

Major Canadian pension funds face significant losses due to higher borrowing costs, prompting strategic overhauls and a shift towards flexible investments.
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  • Stats

27% of Canadian Renters Want to Buy

A new report shows 27% of Canadian renters plan to buy a home within two years, rising to 40% among those aged 18-34, but high prices are still a major hurdle.
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  • Stats

31% of First-Time Buyers Use Gifted Funds

Despite a cooler market, reliance on family gifts for down payments in Canada continues to increase, exacerbating the wealth gap while aiding home purchases.
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  • Economy

Inflation Unexpectedly Rises to 2.9%

Chances of a July rate-cut drop as Canada's inflation data comes in hotter than expected, driven by higher service, grocery, and air transport costs.
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  • Stats

National Sales and Prices Keep Declining

Canada's housing market saw slight sales and price declines in May, with an expected boost in activity after Bank of Canada's recent rate cut.
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  • Stats

Canadian Housing Starts Rise in May

In May, Canada's housing starts rose 10% from April to 264,506 units, driven by significant increases in Toronto and Montreal, despite a decline in Vancouver.
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  • Stats

Canada’s Population Surpasses 41 Million

Canada's population surpassed 41 million on April 1, 2024, driven by international migration, with significant growth in Alberta and the Maritime provinces.
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  • Infrastructure

More Infrastructure Needed For New Homes

A new report suggests every new home in Canada needs over $100,000 in infrastructure, urging increased public and private investment to meet housing goals.
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  • Policy

Feds Proceed With Capital Gains Hike

Canada is raising the capital gains tax inclusion rate to 66.7% as of June 25, impacting property owners while generating $19.4B for housing initiatives.
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  • Stats

Canadian Rents Reach Record Levels

Canadian rents hit a record $2,200/month, up 9.3% yearly, with highest prices in Vancouver and Toronto and double-digit hikes in mid-sized cities.
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  • Policy

Feds Launch $1.5B Co-op Housing Program

Canadian government launches a $1.5B Co-operative Housing Development Program to build new and affordable co-op homes for vulnerable groups.
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  • Economy

BoC Cuts Key Rate by 0.25%

The Bank of Canada cut its benchmark interest rate to 4.75% due to easing inflation and weak economic growth, making Canada the first G7 country to cut rates.
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  • Stats

Canada’s Housing Supply Challenge

CMHC's report highlights a record high of construction workers in 2023, but a shortfall in housing starts, due to decreased productivity and municipal regulations.
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  • Stats

Land Sales in Canada Cool Down

In 2023, the real estate market saw decreased sales volumes across residential, commercial, and industrial sectors due to economic uncertainties.
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  • Stats

Mortgage Debt Growth Slows in Canada

Canadian mortgage debt growth slows to $2.16 trillion in February 2024, but delinquency rates trend up for the first time since the pandemic.
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  • Policy

Feds and Ontario Reach $357M Agreement

The federal government and Ontario finally reached a $357M agreement for new rent-assisted housing under the National Housing Strategy.
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  • Economy

Canada’s Inflation Rate Cools Down to 2.7%

Canada's April inflation rate of 2.7% suggests potential June rate cut by the Bank of Canada.
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  • Stats

Average Home Prices and Sales Drop Nationally

Canadian home sales dipped 1.7% in April despite a 2.8% increase in new listings.
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  • Stats

Value of Building Permits in Canada Drops in March

The total value of building permits in Canada dropped 11.7% to $10.5B in March, but increased 3.7% quarter-over-quarter.
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  • Infrastructure

Ontario Receives Over $200M for New Child Care Spaces

The federal government allocates $201.87 million to Ontario to create 86,000 new child care spaces by 2026.
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  • Stats

Asking Rents in Canada Remain at Record Levels

Alberta and Saskatchewan lead the way as Canadian residential rents increase 9.3% year-over-year.
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  • Infrastructure

Federal and Provincial Governments Give $200M for World Cup

Toronto prepares to host the 2026 FIFA World Cup with over $370M in federal, provincial, and municipal funding.
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  • Development

CMHC Exceeds Affordable Housing Targets for 2023

CMHC surpassed NHS targets, delivering 153,708 affordable units despite economic challenges in 2023.
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  • Economy

Canadian Economy Slows More Than Expected

Canada's GDP grew 0.2% in February, missing estimates, prompting economists to anticipate interest rate cuts soon.
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  • Economy

Honda Invests $15B to Build Four New Plants in Ontario

Federal government and Ontario announce historic deal with Honda, generating over 1,000 in jobs.
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  • Policy

Capital Gains Rate Increased to 66.7%

The 2024 Federal Budget outlines an increase to the capital gains inclusion rate from 50% to 66.7% starting June 25, 2024.
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  • Economy

Chances of a Rate Cut Increase As Core Inflation Drops

Canada's March inflation rose to 2.9%, driven by gas prices, but core inflation cooled down.
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  • Development

Canada Post Locations to Be Converted Into Housing

The federal budget plans to utilize Canada Post and National Defence properties for affordable housing.
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  • Stats

1.3M Additional Homes Needed to Eliminate Housing Gap

Canada needs 1.3 million more homes by 2030 to balance housing supply and demand.
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  • Stats

Average Rents Increase by 8.8% Nationally

Canadian rent increased nationally, with Edmonton seeing the highest growth among cities.
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  • Policy

First-Time Homebuyers Can Opt for 30-Yr Mortgage

Canada offers first-time homebuyers longer mortgage terms and increased RRSP withdrawal limits.
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  • Economy

BoC Maintains Key Rate and Signals Potential Rate Cut

Bank of Canada maintains interest rate at 5.0%, hints at potential June rate cut.
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  • Policy

Top Housing Initiatives Announced in the 2024 Budget

Trudeau's housing plan includes low-cost land leases, tax incentives, loans, and homelessness support.
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  • Policy

Trudeau Announces $6B Housing Fund

Canada launches $6 Billion fund, boosting infrastructure to accommodate higher density and population growth.
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  • Economy

Canada’s Inflation Rate Beats Expectations

Canada's February inflation drops to 2.8% due to lower cellular, grocery, and internet costs.
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  • Policy

BoC Maintains Rates for Fifth Consecutive Meeting

The bank remains cautious on rate cuts as it awaits sustained inflation progress toward 2%.
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  • Policy

Canada Terminates First-Time Homebuyer Incentive

Federal government ends incentive after low participation and criticism over requirements.
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  • Economy

Canada’s Inflation Rate Drops to 2.9%

January's inflation rate dropped more than expected but core inflation remained unchanged.
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  • Policy

$99M in Federal Funding Addresses Rent Affordability

The federal government aims to improve rent affordability with housing benefits and investigates grocery price inflation.
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  • Policy

Canadian Government Extends Foreign Buyer Ban to 2027

The Canadian government extends ban on foreign home buying to address housing affordability concerns.
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  • Policy

BoC Maintains Key Policy Rate at 5%

The bank holds rates for a fourth consecutive time and indicates no further hikes.
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  • Economy

Canada’s Annual Inflation Rate Rises to 3.4%

BoC is expected to exercise caution and delay interest rate cuts as inflation remains hot.
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Latest Stories

Stats

2nd Jul 2024

Major Real Estate Funds Face Losses

Major Canadian pension funds face significant losses due to higher...
Read More

Stats

26th Jun 2024

27% of Canadian Renters Want to Buy

A new report shows 27% of Canadian renters plan to...
Read More

Stats

26th Jun 2024

31% of First-Time Buyers Use Gifted Funds

Despite a cooler market, reliance on family gifts for down...
Read More

Economy

25th Jun 2024

Inflation Unexpectedly Rises to 2.9%

Chances of a July rate-cut drop as Canada's inflation data...
Read More

Stats

21st Jun 2024

National Sales and Prices Keep Declining

Canada's housing market saw slight sales and price declines in...
Read More

Stats

21st Jun 2024

Canadian Housing Starts Rise in May

In May, Canada's housing starts rose 10% from April to...
Read More

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