Virtual staging has come a remarkably long way. With artificial intelligence, an empty room can now be transformed into a beautifully furnished interior in seconds, complete with carefully selected furniture, coordinated accessories and sophisticated lighting. The...
RBC economist Rachel Battaglia says the improvement in Canadian housing affordability over the past two years is nearing an end as housing markets begin to strengthen. Speaking with RBC senior economist Claire Fan on the Oct. 22 episode of The 10-Minute Take podcast,...
Canadians are the most likely to give up on homeownership than anyone else in the world. This stark claim comes from a recent report from Habitat for Humanity, which surveyed over 30,000 people across 22 countries, including Argentina, Ireland, and South Korea....
More than a million Canadian homes were in need of serious repairs as of 2021, the Canada Mortgage and Housing Corporation estimated in a new report. This figure amounts to 6.1 per cent of all homes in Canada, a report by CMHC chief economist Mathieu Laberge said on...
It’s been six months since the HST rebate on new Ontario homes came into effect and results point to an uneven recovery for the Toronto-area market. While sales of new single-family homes have climbed above historical averages, condo sales are mired at record lows,...
The Bank of Canada has not raised interest rates since July 2023. And while an eighth-consecutive hold is widely predicted next week, a growing number of economists and traders are now expecting the central bank to hike its trend-setting rate to tamp down stubborn...
Canada Mortgage and Housing Corporation (CMHC) counted 143,929 homes in September that have approved building permits and no construction started. That count, reported alongside CMHC’s figures for centres of 50,000 or more, rose 1.1% from August. Compared with a year...
Housing prices in Canada climbed faster than those in most developed countries, more than doubling since 2005, according to a new report. Research shared by the Canada Mortgage and Housing Corporation (CMHC) on Tuesday looked into the country’s house prices and...
Stéfane Marion, chief economist at National Bank of Canada (NBC), has called on the federal government to revise the country’s ban on non-resident foreign homebuyers, arguing the restriction directly undermines Ottawa’s drive to restore Canada’s appeal to...
At long last, Canada has begun to take housing reform seriously. Governments have introduced tax rebates and programs designed to lower development charges (DCs) and stimulate construction. The debate now circles around whether the reforms are working. The answer,...
