The Office of the Superintendent of Financial Institutions (OSFI) is considering replacing Canada’s controversial mortgage stress test with a new risk management approach focused on the overall mortgage portfolios of banks rather than individual borrower qualifications. This shift could signific

  Ontario is facing a severe housing and cost of living crisis, worsened by multiple challenges for home builders. Housing Shortage and Declining Housing Starts:Housing starts have sharply dropped, putting Ontario far from its goal of 1.5 million new homes by 2031. In some municipalities, starts h

  Canadian home sales took a sharp dip from January to February, with many buyers sitting out as the trade tensions with the United States continued. According to the latest data from Canadian MLS® Systems, sales dropped by 9.8% month-over-month in February 2025, hitting the lowest point since Nov

    Making a larger down payment usually results in smaller mortgage payments, and this is particularly true in Calgary's current, pricier resale housing market. A recent study shows that making a larger down payment can significantly reduce monthly mortgage payments by lowering the overall loan a

  In February 2025, the Greater Edmonton Area real estate market saw 1,825 residential units sold, marking a 14.3% increase from January, although down by 7.1% compared to February 2024. New residential listings reached 2,723, up by 13.2% from January but down slightly by 0.4% from the same month

  CochraneIn February, Cochrane saw a rise in both sales and new listings. Sales reached 75 units, and new listings climbed to 126, both higher than last year and above the long-term averages. Inventory increased by more than 48%, totaling 196 units— the highest seen since spring 2021, though stil

Inventory levels saw a significant year-over-year increase for the second consecutive month, rising by 76% to 4,145 units in February. Most of the growth was in homes priced under $500,000, driven by an increase in more affordable apartments and townhouses. The overall months of supply remained st

The housing market is showing some signs of growth, but caution remains, according to a recent report. It points to the uncertainty surrounding a potential trade war with the U.S. as a key concern. RBC Economics warned that U.S. tariffs on Canadian exports could hinder the housing recovery. On a m

Toronto's real estate market may still be one of the most unaffordable in the world, but it's seen a noticeable decline over the past year. While the biggest drops have been in the condo market — which has suffered after its peak driven by investors — there's now an abundance of listings, giving b

  In January 2025, Canadian MLS® Systems experienced a notable increase in new home listings, up by double digits compared to December 2024. However, sales activity slowed towards the end of the month, likely due to concerns about a potential trade war with the U.S. Although sales dropped by 3.3%

In January 2025, Canadian MLS® Systems saw a significant 11% increase in new listings compared to December 2024, marking the largest jump since the late 1980s (aside from the pandemic). However, sales slowed toward the end of the month, likely due to concerns over a potential trade war with the U.

Montreal’s real estate market has started 2025 strong, completing a two-year recovery. January saw both sales and prices rise, reinforcing the city’s status as one of Canada’s top housing markets. Sales Return to Pre-Pandemic Levels Resale transactions have surpassed 54,000, bringing activity back

  Some developers warn that impending U.S. tariffs on Canadian steel and aluminum could significantly harm the housing sector by raising the costs of essential construction materials. A trade association representing over 4,000 companies involved in development and renovation expressed concerns th

  In 2024, Calgary homebuyers needed a lower annual income to qualify for a mortgage on an average-priced home compared to the previous year. The report showed that buyers in Calgary saw a reduction in income needed to qualify for a mortgage with a 20% down payment and a five-year fixed mortgage.  

Emerging Trends in Real Estate, an annual report by PwC and the Urban Land Institute, surveys real estate professionals globally to identify trends in investment, development, and markets. The 2025 report highlights Calgary as a rising star in real estate investment, ranking No. 1 for overall prosp

Big news from the Bank of Canada! This Wednesday, they announced a 25-basis point rate cut, bringing the interest rate down to 3%. It’s the lowest the rate has been since September 2022. This is the first of eight rate cuts planned for 2025, and it shows the Bank is taking a slower, more gradual a

By the end of November 2024, a total of 22,563 housing units were completed, including 9,340 purpose-built rental units. This increase in supply has helped ease the pressure on both resale prices and rental rates. New home construction is on track to hit record levels in 2024, with 22,652 starts so

Looking ahead to 2025, employment in Calgary is expected to grow by about 2%, with gains in sectors like construction, retail, healthcare, and education. At the same time, a slowdown in migration is likely to ease the growth of the labor force, helping to reduce unemployment rates by the end of 20

Alberta’s energy sector is flourishing, benefiting from rising energy prices, favorable exchange rates, and increased production following the completion of the TMX pipeline. Additionally, the province has experienced significant population growth, fueled by both international and interprovincial

In 2023, Canada saw a significant boost in luxury real estate demand, driven by the arrival of nearly 472,000 new permanent residents, with another 485,000 expected in 2024. This growth was further supported by the Bank of Canada’s interest rate cuts starting in June, which also helped shift some