Last month, real estate sales were down in Canada following record results seen in March. The decline was caused by a new wave of COVID-19 cases and lockdowns. According to the Canadian Real Estate Association (CREA), national home sales fell by 12.5% from March,...

It looks like Canadians are so concerned about the red-hot real estate market that many of them would like the Bank of Canada to raise borrowing costs only to reduce the demand and stabilize home prices. The recent survey by Nanos Research, conducted for...

It looks like the Canada Mortgage and Housing Corporation (CMHC) has lost its title of Canada’s biggest provider of mortgage default insurances recently. According to the recent report by RATESDOTCA, CMHC’s total market share has declined and now remains below 30%. Meanwhile, it was...

Last month, a third wave of lockdowns and COVID-19 restrictions have caused new job market losses. According to Statistics Canada, the national economy lost 207,100 jobs in April, which partially offset strong increases seen during the previous two months. Meanwhile, economists polled by Bloomberg...

The recent report by Canada Mortgage & Housing Corp. (CMHC) says market activity will moderate from today’s extremely high levels. However, home sales will still be elevated, and prices will keep rising for years. According to CMHC, the number of home sales may rise...