
Real Estate
This is where you’ll find the latest reports and coverage on national and regional housing data, along with updates on the rental market. This includes everything from home sales and prices to inventory to levels and larger trends relating to demographics and housing preferences.


Home construction must double over next decade to restore 2019 affordability: CMHC
Canada Mortgage and Housing Corp. says up to 4.8 million new homes will need to be built over the next decade to restore affordability levels last seen in 2019 based on projected demand.

Affordability challenges still plague renters despite falling prices: report
A new report suggests Canadian renters continue to face affordability challenges even as asking rent prices have fallen this year, while those considering the leap to home ownership are taking a wait-and-see approach.

May home sales down 4.3% from year ago, but activity up month-over-month
Home sales in May fell 4.3% compared with a year ago, however the Canadian Real Estate Association said Monday that activity picked up when compared to the previous month.

CMHC warns of rising condo market risks as sales collapse and investor losses mount
Toronto and Vancouver’s condo markets are under growing pressure, with new CMHC data showing steep sales declines, rising inventories and increasing financial stress among investors, conditions could drag on future housing supply.

Average asking rents fall annually for eighth straight month to $2,129: report
The national average asking rent in May was down 3.3% from a year earlier at $2,129, marking the eighth consecutive month of year-over-year decreases.

Montreal home sales, prices rise in May despite steady rates and economic uncertainty
Home sales in the Montreal-area rose again in May compared with the same month a year ago, as the city’s real estate board says both activity and price growth show no signs of tapering off.

Greater Toronto home sales fall 13.3% in May: board
Home sales in the Greater Toronto Area remained weak in May while inventory levels were up — giving more negotiating leverage to potential homebuyers.

Provinces ‘hold the key’ to unlocking homebuilding, new report argues
While the federal government and cities across Canada are making strides on expanding the housing supply, the provinces still need to get serious about building quality homes, a new report released Thursday argues.

Ottawa has to allow home prices to fall to make housing more affordable, experts say
Housing experts are pushing back against a federal cabinet minister’s recent claim that home prices don’t need to go down in order to restore housing affordability.
