Canada’s homeownership rate dropped from 69 per cent in 2011 to 66.5 per cent in 2021, Statistics Canada reports. However, homeownership rates in several provinces are higher than that. From personal preferences, age or generation to market conditions and available...
Canadian homebuyers are getting some relief, as the national average home price dropped for the third consecutive month in September, to $741,400. Some local markets are seeing the same trend, including the GTA, Greater Vancouver, Montreal and Edmonton. However,...
We saw lower inflation numbers last month, which could lead to a better situation for home buyers – despite widespread concern over another interest rate hike today from the Bank of Canada. As of now, the overnight lending rate is at 5 per cent, a high of many years,...
Amid the many interest rate hikes and ever-changing conditions we’ve seen in markets across the country, there are other stories interwoven. A big one is about the affordability of townhomes. Some markets are still hot and relatively affordable (such as Calgary),...
Canada’s real estate market has been experiencing unprecedented changes in recent years, partly driven by the surging population. The country is now home to 40 million people, after hitting the milestone this year, and the federal government’s plan to...
