The growth trend in Canada’s housing starts was still seen in November, as the seasonally adjusted annual rate (SAAR) of housing starts showed a 14.4% monthly increase. The Canada Mortgage and Housing Corporation (CMHC) points to non-detached segment as the main driver of this...

In spite of the influence of the COVID-19 pandemic on real estate activity earlier in 2020, Ontario’s recent assessment showed $37.3 billion in new residential construction and/or renovations of existing properties. According to the Municipal Property Assessment Corporation (MPAC), Ontario reported the completion of more...

Canada Mortgage and Housing Corporation (CMHC) released its new Housing Market Assessment for the third quarter of this year. “While the unprecedented government support provided certain temporary relief, the COVID-19 crisis negatively influenced the level of permanent disposable income for households,” – noted Bob Dugan,...

According to the central bank’s Governor Tiff Macklem, Canada’s recovery from the pandemic is at a very difficult stage right now, as increasing number of COVID-19 infections may slowdown economic growth in the nearest future and even deepen the economic hole. He says household...

Last month, housing sales in Canada were down only slightly, although real estate prices were up to a record level, as the market keeps benefitting from strong demand and low borrowing costs. According to the Canadian Real Estate Association (CREA), the national sales fell...