As mortgage rates reach their highest levels in over a decade, Canadians are increasingly considering the length of their mortgage term in addition to securing the best rate.
The Canadian real estate market showed signs of a significant rebound in May, with home sales posting their first year-over-year increase since June 2021.
The Canadian housing market experienced a turning point in May, as the average home price in the country rose year over year for the first time in 12 months.
The Canadian real estate market displayed signs of a significant rebound in May, with home sales posting their first year-over-year increase since June 2021 and average prices experiencing a positive year-over-year gain for the first time in a year.
In a significant revelation, Statistics Canada (Stat Can) has revealed data showing that the housing supply in the Census Metropolitan Areas (CMAs) of Toronto and Vancouver has been expanding at a faster rate than their respective populations.