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,...
Years ago, many Canadians would build equity by buying a smaller home located away from their ideal area just to move out years later when they could afford their forever home. Now, most are choosing to wait and save to buy their dream property right away. RBC’s...
For many Canadians, buying a first home is becoming a milestone for their 40s rather than their 20s. A new RBC poll finds Canadians who don’t own a home expect to be 41, on average, before they can get into the market — a full 12 years later than the average age at...
If you’ve been searching for a home in Ontario, you may have come across a listing where the furniture doesn't look quite right or where the size of the rooms is noticeably different in person than online. Artificial intelligence is making it increasingly easy for...
Multi-generational living is emerging as a mainstream strategy among Canadian homebuyers, with 53% of prospective buyers open to a shared-generation home, according to RBC’s 2026 Home Ownership Poll. The survey of 1,810 Canadians aged 18 to 64, conducted between...
