sammy hudes Archives - Mortgage Rates & Mortgage Broker News in Canada

Cranes are seen above a condo development

Home construction must double over next decade to restore 2019 affordability: CMHC

June 19, 2025 No Comments

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.

A new report suggests Canadian renters continue to face affordability challenges

Affordability challenges still plague renters despite falling prices: report

June 19, 2025 No Comments

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

June 16, 2025 1 Comment

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.

Average asking rents fall annually for eighth straight month to $2,129: report

June 9, 2025 No Comments

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.

Muskoka chairs sit on a dock looking over Boshkung Lake, in Algonquin Highlands

Tariffs, economic uncertainty chilling cottage housing market, report says

May 19, 2025 1 Comment

The May long weekend marks the unofficial start of cottage season for many Canadians, but a new report says some looking to buy a vacation home of their own are holding back until economic tensions settle.

A sold home is pictured in Vancouver, B.C.

Home sales down almost 10% annually last month: Canadian Real Estate Association

May 15, 2025 No Comments

The Canadian Real Estate Association says home sales in April fell 9.8% compared with the same month last year, as the national housing market has returned “to the quiet markets we’ve experienced since 2022.”

Key portfolios for business community to watch as Carney’s cabinet sworn in

May 13, 2025 No Comments

Canada’s business community will be monitoring files across various portfolios after Tuesday’s swearing-in of Prime Minister Mark Carney’s new cabinet.

Have a side hustle? Here’s what you need to know as tax filing deadlines draw near

April 17, 2025 No Comments

You could be selling your art on Etsy or delivering late-night orders for Uber Eats. Maybe you dog-sit on weekends for out-of-town pet owners, or tutor kids who need help with their homework after school.

Rate hold means status quo for Canada’s struggling housing market: experts

April 16, 2025 No Comments

Real estate watchers say the Bank of Canada’s decision to hold its key policy rate steady at 2.75% will likely keep a sluggish housing market at the status quo.

Tariff uncertainty foils ‘slam dunk rebound year’ for national home sales: CREA

April 15, 2025 No Comments

The Canadian Real Estate Association has downgraded its forecast for home sales activity in 2025, while the number of homes that changed hands across the country in March was down 9.3% compared with a year ago.

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