The Canadian Real Estate Association says home sales continued moving at a slow pace in February but activity started to pick up near the end of the month.
Severe mortgage delinquencies jumped in late 2025 even as the overall rate stayed low, new Equifax data shows, offering an early signal of strain as Canada enters peak mortgage renewals.
The Ford government is poised to offer all home buyers a significant tax discount on newly built homes, in a major expansion of a government program designed to breathe life into Ontario’s sluggish housing sector.
Canada’s “brutal” jobs report for February has most economists betting interest rates aren’t going anywhere this year, but a cut would be the more likely move if there is any change.
Home sales in the Greater Toronto Area fell last month, along with new listings and average selling prices, as TRREB believes potential buyers are waiting for the market to bottom out before making a move.
Recent federal mortgage rule changes are already expanding the reach of Canada’s insured mortgage market, with mortgage insurers pointing to a surge in first-time buyer activity and renewed demand in high-cost regions like the Greater Toronto Area.
Ontarians are increasingly likely to blame government-imposed costs – not just market forces – for making housing unaffordable, according to new polling released by OREA.
The Bank of Canada opened the door to future rate hikes even in a soft economy, a message that underscores just how uncertain the path ahead remains for mortgage borrowers.
The Canadian Real Estate Association reports that January home sales dropped 16.2% year over year and 5.8% from December (seasonally adjusted), largely due to a major winter storm affecting southern Ontario. Meanwhile, new listings rose 7.3% month over month. By the end of January, 140,680 properties were listed on Canadian MLS systems—up 4.5% from a year earlier but still 11.4% below the long-term average for that time of year.
Ontario’s homebuilding industry showed signs of life in the first month of the year, with housing starts finally improving after years of persistent decline in the face of cratering pre-construction sales.
Rising delinquencies made renewal decisions far less forgiving
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