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Real estate prices keep falling for four months in a row pressured by interest rate increases  

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Latest news

Real estate prices keep falling for four months in a row pressured by interest rate increases  

It looks like Canada’s housing market correction is intensifying, as home prices have been going down for the fourth consecutive month already amid the central bank’s interest rate hikes. The recent report by the Canadian Real Estate Association (CREA) shows the benchmark home prices...
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Bank of Canada’s forecast of a “soft landing” for economy doesn’t sound that solid now

Canada’s inverted yield curve we’re facing right now means the central bank may bring more interest rate increases and cause a recession. In this case, the Bank of Canada will be in a difficult position as it tries to restrain the inflation and provide...
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Desjardins says real estate correction pace is rising

According to Desjardins, the average home price in Canada will fall by almost 25% by the end of 2023 compared to its February peak. In its recent outlook, Desjardins predicts a sharp correction in the real estate market, changing its previous forecast of a 15% decline. Desjardins explains that...
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Which part of the GTA has shown the largest housing prices drop since February 2022?

Home prices in Toronto and the Greater Toronto Area (GTA) have been falling since its February’s peak. According to the Toronto Regional Real Estate Board (TRREB), in February, an average GTA home price for all real estate types reached $1,334,544. TRREB’s July report says the...
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Are you living in common-law relationships? It’s time to deal with estate planning

As almost quarter of Canadian couples today are living in a common-law relationship, estate planning experts are encouraging the growing number of non-married couples to write a will in order to make sure their life partners won’t be left behind when they die. According...
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