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Pandemic-induced restrictions at the Canadian border have led to major declines in both permanent and non-permanent residents arriving in the country. In turn, these sharp declines have caused the country’s population growth rate to fall from the record-breaking levels seen over the past few years. Now, the impact on the country’s rental market is becoming […]
Toronto, Canada’s largest city, has been notorious over the years from being the country’s most expensive real estate market, in close competition with Vancouver. But with Canada’s slowly mellowing housing market, it has been predicted that the city could see some changes. One thing is for sure: the Toronto real estate market is not going […]
If you were paying attention to Canadian housing market headlines early in 2019, you probably started the year feeling pessimistic about market prospects looking ahead. Over the previous two years, the federal government, along with the BC and Ontario governments rolled out measures explicitly designed to take some of the wind out of the market’s […]
Canada’s national housing agency is forecasting Toronto region home prices to rebound in the next two years, rising as much as 5 per cent in 2020 to an average of between $765,300 and $898,400 This year is predicted to end with prices averaging between $740,600 and $854,600. It predicts prices could average as much as […]
The Bank of Canada’s decision to hold interest rates at 1.75% was not unexpected; neither is its tone on the road ahead. Governor Stephen Poloz reiterated the central bank’s position that rates will need to rise to a more neutral range to keep inflation in check, but with some economic concerns remaining it seems likely that this will […]
