1/16/2023 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up on a month-over-month basis in December 2022.

... More

Canadian home sales edge up to end 2022

  1/14/2023 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

Home prices in Canada likely won't drop much further due to the country's ongoing shortage of new homes, even as rising interest rates curb some demand in the market, ... More

Home prices are falling, but likely won't fall much further thanks to housing shortage: CMHC deputy chief economist

  1/13/2023 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

National aggregate home price posts single-digit year-over-year decline in Q4 over 2021; double-digit growth compared to 2020 and 2019

... More

Canada ends 2022 with modest decline in national aggregate home price; prices remain well above pre-pandemic levels

  12/15/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month-over-month basis in November 2022.

... More

Canadian home sales edge down from October to November

  12/13/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

The decline in national home prices this year will not turn into a prolonged downfall like the one that happened in the early 1990s.

... More

Long-term prospects for Canadian home prices are positive

  11/16/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

Sales data shows some positive signs and Scotiabank believes the market could be on course for better days ahead.

... More

Despite price drop, is the Canadian housing market rebounding?

  11/15/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged a little higher in October 2022.

... More

Canadian home sales edge up from September to October

  10/20/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

In September, the seasonally adjusted composite index fell by 2.0%, matching the previous month’s record decline and representing a fifth consecutive monthly ... More

Teranet-National Bank House Price Index sees another record monthly decline in September

  10/18/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

Canada Mortgage and Housing Corp. says the annual pace of housing starts in September rose to the highest level since November 2021.

... More

Annual pace of housing starts up in September, hitting highest level since Nov. 2021

  10/14/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in September 2022.

... More

Canadian home sales soften again from August to September

  10/11/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

TD Economics has revised its housing forecast to account for even steeper price declines in early 2023 and then slower growth for the remainder of the year.

... More

TD expects steeper home price drop in early 2023 than initial forecast

  10/7/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

While home prices across Canada are projected to fall further into the early part of next year, the housing market is in the midst of a correction rather than a crash, ... More

Housing market correcting, not crashing: RBC economist

  9/22/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

10 million households own their home, while 5 million rent. But the gap is narrowing.

... More

Renting is growing twice as fast as home ownership, census reveals

  9/20/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

In addition to recording a fourth consecutive monthly decline on a seasonally adjusted basis, the Teranet-National Bank Composite House Price Index™ experienced its ... More

Teranet-National Bank House Price Index: Record price drop in August

  9/19/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

"It's abundantly clear where the worst spots are," says BMO economist

... More

Which Canadian cities are seeing home prices fall the fastest?

  9/15/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales slowed slightly in August 2022.

... More

Canadian home sales post small decline from July to August

  8/25/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

While market activity has decelerated significantly in recent months, several factors will act in concert to prevent an all-out housing crash, market observers argue.

... More

How likely is a Canadian housing crash?

  8/19/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

Immigration and shrinking household size will support Canada’s property market through the current correction according to a new report from RBC Economics.

... More

Demographics a powerful counterforce in Canada's housing market correction

  8/16/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

Canada Mortgage and Housing Corp. says the annual pace of housing starts in July edged higher compared with June despite a slowdown in urban starts.

... More

CMHC reports annual pace of housing starts up 1.1 per cent in July

  8/15/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales slowed further in July 2022.

... More

Canadian home sales slow further in July

  7/18/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

The trend in housing starts was 258,295 units in June, up from 252,444 units in May, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a ... More

Canadian housing starts trend higher in June

  7/15/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in June 2022.

... More

Canadian home sales down again in June, but declines are getting smaller

  6/16/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

Bouts of pain in property prices could help wake market up to economic and wage realities, economist says

... More

Desjardins predicts housing downturn would address 'unhealthy' market

  6/16/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

In May, the number of new homes that started construction in Canada trended lower compared to the previous month, but still remained at elevated levels.

... More

Canadian housing starts trend lower in May

  6/15/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in May 2022.

... More

Canadian home sales slow again in May

  6/13/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

Nearly one in four homeowners say they will have to sell their home if interest rates go up further, according to a new debt survey from Manulife Bank of Canada.

... More

Nearly 1 in 4 homeowners would have to sell if interest rates rise more, survey finds

  6/8/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

House prices are set to continue falling across Canada as a result of the current market cooldown, with the only question being by how much, according to a well-known ... More

Canada home prices - why they're falling

  6/8/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

Central bank's outsized rate increases having a big impact, according to RBC.

... More

RBC: May was a turning point for home sales in multiple markets

  5/25/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

"This is more likely to be a soft landing than a severe correction or some kind of crash or meltdown"

... More

A Canada housing crash? Don't count on it, says RBC economist

  5/19/2022 | Posted in Canadian Housing Market by Eileen Farrow
  SHARE

Canada’s housing market is cooling down but it is still hotter than the long-term average and will likely stay that way for the next couple of years.

... More

Residential Market - Lingering heat in the housing market
Ask Eileen Farrow

Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.