by Steve Randall There was a further increase in home sales nationwide in May, finally returning sales to 10-year average levels for the month. The Canadian Real Estate Association reported a 1.9% month-over-month increase while actual seasonal activity gained 6.7% year-over-year; the largest annual gain in three years. Sales only increased in half of local markets in May but were … Read More

By: Pete Evans House prices may be as high as ever in many parts of the country, but Canadian homebuyers are being offered some of the lowest mortgage rates seen in years as lenders battle to drum up new business. Rates on a standard five-year fixed-rate mortgage have fallen to their lowest level in two years, according to rate comparison website, Ratehub.ca. … Read More

By: The Canadian Press The pace of housing starts in Canada picked up in April as they rose more than 20 per cent compared with March, fuelled by the start of work on new multi-unit projects such as condominiums, apartments and townhouses. Canada Mortgage and Housing Corp. said Wednesday the seasonally adjusted annual rate of housing starts increased to 235,460 … Read More

by Ephraim Vecina Two years since the Fair Housing Plan was introduced, home prices in markets throughout Ontario have seen significant ups and downs, according to a new Zoocasa analysis. The Plan – implemented by the provincial government in April 2017 as a response to speculator-impelled price growth – introduced a raft of regulations that have had a marked impact on … Read More

CBC News After plunging to their lowest level since 2012, sales of Canadian homes have inched higher for the past two months and are now about four per cent higher than they were a year ago. The Canadian Real Estate Association said Wednesday that that home sales last month rose on an annual basis for the first time since December … Read More