average home price Archives - Mortgage Rates & Mortgage Broker News in Canada

Vancouver home sales fall as market conditions more balanced in February: board

March 4, 2025 No Comments

Home sales declined in the Vancouver area last month, as the city’s real estate board says market conditions were in balanced territory amid a moderate increase in new listings.

Housing market poised for 2025 comeback as lower rates unleash pent-up demand

December 31, 2024 No Comments

As the calendar flipped one year ago, Canadian real estate watchers were optimistic a sluggish 2023 would give way to a rebound, with hopes of renewed demand as soon as the spring.

CREA lowers housing market forecast for 2024 amid ‘holding pattern’ for home sales

October 15, 2024 No Comments

The Canadian Real Estate Association is downgrading its housing market forecast for the remainder of the year again, saying the Bank of Canada’s interest rate cuts haven’t spurred the gradual improvement it previously anticipated.

Teranet-National Bank composite house price index held steady in April

May 17, 2024 No Comments

The Teranet-National Bank composite house price index which tracks home prices in 11 of Canada’s largest cities remained stable from March to April.

Home prices expected to climb 4.9% in 2024 as sales rise last month: CREA

April 12, 2024 No Comments

The Canadian Real Estate Association says it’s now expecting the national average home price to climb 4.9% on an annual basis to $710,468, more than double the hike it had predicted at the start of 2024.

Higher interest rates put a chill on Canada’s housing markets in July

August 15, 2023 No Comments

Home sales and prices continued to ease in July following the two latest rate hikes from the Bank of Canada.

Home prices fall for sixth straight month, but “very little” forced selling so far

September 15, 2022 No Comments

Home prices continued to fall in August, marking the sixth consecutive month of declines, according to the Canadian Real Estate Association (CREA).

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