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.
Getting your mortgage renewed can be stressful for some homeowners, but getting a non-renewal from your lender can take that stress to a whole new level.
Asking rents in Canada fell two per cent year-over-year in January to an average of $2,057, marking the 16th consecutive month of annual rent decreases.
The Toronto Regional Real Estate Board’s (TRREB) 2026 Market Outlook and Year in Review report highlights a housing market shaped by improved buyer choice and affordability, alongside cautious consumer sentiment across the Greater Toronto Area (GTA).
Morningstar DBRS says mortgage portfolios should hold up in 2026 despite a soft housing market, while warning that rising variable-rate use and Alt-A exposure are key areas to watch.
Canada’s economy looked to have stalled heading into year‑end, and that has forecasters leaning harder toward a Bank of Canada rate freeze that could stretch through 2026.
OSFI offered no new direction on the qualifying rate, but reiterated that loan-to-income caps for uninsured mortgages remain in place and opened a new six-month consultation tied to its broader guidance review.
The Bank of Canada is holding its benchmark interest rate steady to begin the year, keeping that trendsetting rate unchanged as it weighs up the economic outlook for 2026.
Sales of newly completed condominiums in the Greater Toronto Hamilton Area fell last year to the lowest level since 1991, as a record 28 active condo projects were cancelled.
Return-to-office mandates are having a major impact on leasing, as vacancy has dropped in the majority of markets nationwide, according to a new report.
The Canadian Real Estate Association (CREA) has updated its 2026 forecast for home sales activity and average home prices via the Multiple Listing Service® (MLS®) Systems of Canadian real estate boards and associations and extended the outlook to include 2027.