According to a recent RBC report, the correction in Canadian housing prices appears to have ended after a year-long decline that saw Toronto real estate prices fall by nearly 18%.
According to a recent study from Statistics Canada’s (Stat Can) Canadian Housing Statistics Program (CSHP), the majority of real estate investors in Canada are baby boomers, which is a significant trend in investor demographics.
Canadian banks are facing risk to their earnings due to their exposure to commercial real estate, particularly the office segment, according to Gabriel Dechaine, an analyst at National Bank Financial.
The decision to purchase a condominium is a significant financial commitment that requires cautious consideration, particularly in Vancouver’s competitive real estate market.
The housing market in the Greater Toronto Area (GTA) is experiencing a clash between robust sales and a diminishing supply, resulting in an increase in property prices.
The Toronto condo market experienced a drastic slowdown in sales at the end of 2022, but the first quarter of 2023 has shown promising signs of recovery.
The Canada Mortgage and Housing Corporation (CMHC) has released its latest housing market outlook, stating that Canadian home prices will continue to decline until the middle of 2023.