Toronto’s latest real estate figures suggest the housing market may be amid a rebound, according to some economists, though they caution that the full impact of elevated mortgage rates has yet to play out. The December stats were released from the Toronto Regional...

The blind bidding war has been a fixture of Canadian real estate for a generation, but even with new rules in Canada’s largest real estate market that will allow realtors to part the veil of secrecy, industry experts don’t believe an era of open auctions is upon us....

The Bank of Canada is widely expected to hold its benchmark interest rate when it meets next week, but a lot has changed since October. Cooling inflation, here and south of the border, and a weakening economy have turned markets’ attention from rate hikes to rate...

Getting on the property ladder is so tough these days more young Canadians despair of ever getting to the first rung. Prices have cooled since the pandemic housing boom, but higher mortgage rates are a new hurdle for would-be buyers. A new study by Statistics Canada...

Rent prices in Toronto have declined marginally for some unit types while the cost of renting an apartment elsewhere in Canada is surging to new heights, according to a new report from Rentals.ca and Urbanation. Rates have persistently risen by nearly $200 per month...

Troubling headwinds continue to persist in the preconstruction real estate industry as homebuyers are unable to close their transactions and are walking away from sizable deposits, some worth as much as $300,000. It’s a new phenomenon, industry experts say,...

The Bank of Canada says higher interest rates have not dragged down home prices as much as expected, because a shortage of homes in the country is keeping values elevated. The central bank kept its benchmark interest rate unchanged Wednesday at 5 per cent – up from...

Owners of housing units that are sitting empty will soon have to pay more, with Toronto city council voting Wednesday to hike the vacant home tax from one to three per cent of a property’s assessed value. The measure, which takes aim at speculators sitting on homes...

Soaring interest rates are inducing anxiety in nearly half of Canadian homeowners for whom mortgage renewal looms. Interest rates have risen from 0.25% to 5% in 18 months. Twenty percent of homeowners “worry all the time” about their ability to afford their mortgage...

On a monthly basis, average home prices fell in six Canadian cities and increased in four urban markets in August, according to a new market survey by Ratehub.ca. “Mortgage rates continued to increase slightly from July to August 2023 with the stress test remaining...