2021 Ends With Record High Home Prices as Inventories Reach New Lows

Ottawa real estate enters new year in ‘strong seller’s market’

The number of properties for sale continued to reach new lows in December across Canada’s largest housing markets, causing home prices to remain at or near their all-time highs. Average prices in Greater Toronto and Vancouver, Montreal and Ottawa ended 2021 between 18% and 24% higher than a year earlier. Meanwhile, home sales in Toronto […]

According to the Real Estate Board Ottawa home prices up 13% in September

Ottawa Home Prices up 13% in September

Ottawa Home Prices up 13% in September Inspired by Craig Lord Global News September house sales in Ottawa were more in line with pre-COVID-19 levels, the regional property board stated today, though it warned that a tight real estate supply continues to threaten price in the country’s capital. Members of the Ottawa Real Estate Board […]

Canada is on Track to have a Strong Fall Housing Market

Restraining with seasonal patterns, Canada is on track to have a strong fall real estate market, with activity poised to remain steady and typical sale prices set to increase even more by the end of 2021. High real estate costs, driven by low supply and high demand, have created difficult conditions for lots of homebuyers […]

CMHC Cautions Canada’s Housing Market Overheated, Highly Vulnerable

CMHC Cautions Canada’s Housing Market Overheated

According to Canada Mortgage and Housing Corporation, a potent combination of factors, including home price growth acceleration and continued overvaluation and stagnant labor incomes, has created a high level of vulnerability in Canada’s housing market. Original story In its latest quarterly Housing Market Assessment, CMHC stated that “high vulnerability at the national scale is largely […]

Canadians will Soon see an Unprecedented Increase in Housing Supply

Home construction

Canadians will soon see an unprecedented increase in housing supply. RBC’s analysis revealed multi-year highs in new home construction at various stages during Q2 2021. The highest number of new housing starts in more than three decades was reached in Q2 2021. In the coming months, homes that have been completed will reach a multi-decade […]