7 h. ago High morgtage payments, downpayments keep buyers out of housing market: Survey

“Like sucking the oxygen out of a room, rising housing costs in Canada leave little left for consumers to spend in the overall economy"

Other

7 h. ago High morgtage payments, downpayments keep buyers out of housing market: Poll

“Like sucking the oxygen out of a room, rising housing costs in Canada leave little left for consumers to spend in the overall economy"

Other

18 h. ago 1 in 3 Canadians say down payments are blocking homeownership

TORONTO and MONTREAL, May 06, 2025 (GLOBE NEWSWIRE) — As rent prices outpace inflation and wages lag, one-in-three (32%) Canadians say saving for a down payment is the biggest barrier keeping them out of the housing market, according to a new survey from CPA Canada and BDO Debt Solutions. Another 30 per cent of Canadians […]

Other

31 h. ago More Canadians are holding back on buying homes amid recession fears

Rising concerns about Canada plunging into a recession are deterring prospective homebuyers, according to a new report.The BMO Financial Group released its latest Real Financial Progress Index on Monday, revealing that many Canadians are taking a "wait and see" approach as the possibility of Canada descending into an economic recession increased from 60 per cent to 74 per cent from March to April 2025."Canada's housing market remained under pressure heading into the spring, with sales and prices both weakening further," said Robert Kavcic, senior economist at BMO Capital Markets."There is some clear underlying weakness as inventory builds and investors remain absent. Suffice it to say, homebuyers are losing confidence and motivation, especially in areas of B.C. and Southern Ontario."The BMO survey examined how concerns about the economy have impacted prospective homebuyers' decisions.It found that over two-thir...

Other

6 d. ago A totally retro Toronto house just hit the market for only $750,000

If you're a sucker for hardwood floors, stained glass windows, and original wood trim, 125 Dawes Rd. might just be your vintage dream come true.Located in Toronto's East York area, this three-bedroom, two-bathroom semi-detached brick home is bursting with character.From the moment you step inside, you're greeted by retro charm. The living room. Think stained glass windows, a formal dining room with gumwood trim and a plate rail, and even an original wood-burning brick fireplace for those chilly winter nights.The dining room. While the house proudly leans into its vintage vibe, not everything is stuck in the past.The kitchen. The kitchen has seen some updates, according to the listing. The other side of the kitchen features a washer and dryer in one of the closets. Although the dishwasher might predate the Spice Girls and could probably use an update.The basement. The basement, complete with orange carpeting and an almost comically overs...

Economics

1 week ago Tiny Toronto home with same owner for over 40 years is half the price of neighbours

In a Toronto neighbourhood where the average home sells for $1.5 million, finding any home under that is considered lucky. 140 Floyd Ave. is listed for only $795,000, which is basically like winning the lottery. Not only is this house very reasonably priced, but it is also the first time this house has been on the market in 40 years. The front entrance. And finding a house that hasn't been remodelled through every decade to the point where you have to gut renovate is nothing short of a miracle.The kitchen and mud room. Now, before we get ahead of ourselves, the home does need some work. For example, the kitchen is in need of a major remodel. The primary bedroom. And we're guessing the bathroom does too, since it wasn't even in any of the listing photos. The second bedroom. The windows also appear original to the house, which means they are probably drafty AF. A stained glass window in the kitchen....

Economics

1 week ago Some Canadians exiting U.S. housing market amid sovereignty threats, economy

A weaker Canadian dollar and the changing political climate are among the reasons some are choosing to leave

Other

1 week ago US Tax Rule Offers Template for Canadian Conservatives’ Investment Pitch

Conservative Leader Pierre Poilievre is promising a tax deferral for investors who put money into Canadian assets — a policy similar to a popular US rule that helped grease its housing market.

Economics

2 w. ago Denley: Politicians' ambitious plans won't fix the shortage of affordable housing

For real change to take place in the housing market, demand, supply and affordability all need to be aligned. They aren't.

Politics

2 w. ago Unpacking the Bank of Canada’s pause: FP Video talks to the economists

Watch analysis on Canada's energy outlook, the housing market and more

Other

2 w. ago More Bank of Canada rate cuts won’t boost ‘muted’ housing market in 2025: Ron Butler

Watch: Mortgage broker talks about what is happening in Canada's housing market

Other

2 w. ago Rate hold means status quo for Canada’s struggling housing market: Experts

Real estate watchers say the Bank of Canada’s decision to hold its key policy rate steady at 2.75 per cent will likely keep a sluggish housing market at the status quo. Wednesday’s announcement marked the first time the central bank has left the benchmark rate unchanged following seven consecutive cuts since June.  Ratesdotca mortgage and […]

Other

2 w. ago Posthaste: Bank of Canada must cut rates deeper to salvage rocky housing market, say economists

Interest rates remain too high to turbocharge the sector, which is a major contributor to Canada's economy

Other

3 w. ago OPINION: Homebuilding in Canada stalls despite population explosion

In many parts of Canada, the housing affordability crisis continues with no end in sight. And many Canadians priced out of the housing market or struggling to afford rent increases are left wondering how much longer this will continue.  Simply put, too few housing units are being built for the country’s rapidly growing population, which […]

Events

3 w. ago Hardly anyone is building or buying homes in Ontario anymore as market flops

Apologies for sounding like a broken record about the state of Ontario's housing market, but you may want to check on your realtor and homeowner friends, because things have been pretty dire out there — and worsening — for well over a year now.Politicians continue to emphasize the pressing need for more housing to keep up with the nation's record immigration-led population growth, but meanwhile, a raft of unsold houses and condo units have been languishing on the market for far longer than usual, especially in the GTA.As the number of homes switching hands remains at rock-bottom lows, developers have had to radically pull back on new construction, with some even putting entire projects into receivership.It seems like a never-ending cycle of diminishing sales numbers, less construction and ever-lower confidence in the market from stakeholders on all sides.And, with prices failing to budge much due to how much sellers paid in the first place — bec...

Other

3 w. ago Bank of Canada should and will cut interest rates: CIBC’s Benjamin Tal

Watch: 'The housing market in Canada is a tale of two markets, and I think the Bank of Canada will take this into account when making a decision'

Other

3 w. ago Tariff turmoil means Canada’s housing market is ‘treading water at best’

The national average home price in Canada was $678,331 in March 2025, down 3.7 per cent from March 2024, the Canadian Real Estate Association said.

Economics

3 w. ago CREA downgrades housing market forecasts due to tariffs, economic uncertainty

Total Canadian sales fell 9.3% year-over-year in March on a non-seasonally adjusted basis

Economics

3 w. ago UK Housing Market Risks Being Derailed by Trade War, RICS Says

The UK housing market is in danger of being “blown off course” by US President Donald Trump’s trade war, estate agents warned after activity weakened sharply last month.

Economics

4 w. ago These are the Toronto neighbourhoods where homes are selling the fastest right now

Even in the currently sluggish housing market, home buyers in certain GTA neighbourhoods are wasting no time when it comes to snapping up family-sized houses. According to a recent analysis by digital real estate platform Wahi, single-family homes continue to sell in two weeks or less in specific Toronto-area communities. The platform analyzed home sales data for the first quarter of 2025 and looked at the average number of days that listings remained on the market before selling. Findings show that three-bedroom single-family homes are the fastest-selling type of property in the GTA. To be considered in the analysis, neighbourhoods had to meet a threshold of at least five sales of a given housing type. Source: Wahi.Single-family homes with three bedrooms, which for the purposes of the study, included detached and semi-detached houses as well as townhouses, took an average of 23 days to sell. In 48 specific neighbourhoods, three-bedroom single-family homes took o...

Economics