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Canada’s housing market is splitting in two

Canada’s housing market is splitting in two

Canada’s housing market is on the mend, but not in lockstep. Home resales are climbing nationwide, yet price trends continue to split along regional lines.  National resales rose for the third consecutive month in June. However, overall, prices remained lower, with...
The market wakes, but refuses to run: Foch

The market wakes, but refuses to run: Foch

It is rare to see back-to-back housing reports that feel like mirror images. Yet Canadian Real Estate Association (CREA)’s data for June reads almost like a script re-run of May. Another modest rise in sales. Another month of flat prices. Another subtle shift in...
Why Canada’s condo market is unraveling

Why Canada’s condo market is unraveling

After a wave of rapid expansion, Canada’s condominium market is facing a dramatic reversal, as a glut of unsold inventory and a sharp retreat by investors have triggered a sector-wide slowdown. A report from the Canada Mortgage and Housing Corporation in June found...