As housing affordability remains a challenge for millions of Canadians amid the heightened cost of living, a new survey suggests many are open to alternative options like modular homes if it means getting easier access to the real estate market. The survey report was...
The housing crisis is one of our greatest economic and social challenges. Recent government measures have provided some much-needed help, but modest progress is not enough. The reality is that housing construction continues to fall far short of what is needed to...
Canadians are increasingly open to different ways of becoming homeowners, but a new report suggests builders are having trouble delivering the lower-cost homes buyers need. New research commissioned by Meridian Credit Union, Ontario’s largest credit union, found 62...
Canadian renters may be adapting to a difficult housing market, but many haven’t given up on wanting a home of their own, or more room to live. A new Canada Mortgage and Housing Corp. (CMHC) survey finds 60 per cent of renters consider buying a home important or...
Rents are coming down in many Canadian cities, but that doesn’t necessarily mean renters are finding it easier to make ends meet. A new report from rental risk intelligence company SingleKey argues that income growth — or the lack of it — is increasingly important to...
Canadian home prices slid to their weakest level in more than three years in August, extending a correction that has now erased 4.2% of value from the national market's peak less than a year ago. The Teranet-National Bank Composite House Price Index, which tracks...
Canada’s housing starts continued to trend lower in August, even as the monthly pace of new construction remained essentially unchanged. Canada Mortgage and Housing Corporation (CMHC) said the six-month trend in housing starts fell 1.3 per cent from July to 244,149...
To fix our housing crisis, we must face up to an uncomfortable reality. Ontario remains stuck in the dark ages when it comes to development approvals. In an era of artificial intelligence, digital banking and real-time data sharing, far too many municipalities still...
Canada's mortgage rate outlook is unchanged after Statistics Canada reported the consumer price index (CPI) rose 3% year-over-year in August, matching July's reading and giving the Bank of Canada (BoC) little reason to alter its current hold. Gasoline prices remained...
Hopes for a real estate rebound are facing a "fresh" setback with house prices flat again in August and the Canadian Real Estate Association (CREA) warning that higher borrowing costs could weigh on the market. According to CREA's latest report, the national benchmark...