After months of sustained increases, it seems there’s no stopping rent prices in the Greater Toronto Area. A new report from Bullpen Research & Consulting and TorontoRentals.com found that rent prices in the GTA jumped a noticeable 5.7% from April to May — the largest month-over-month increase in more than three years. Rent prices

The Canada Mortgage and Housing Corp. (CMHC) says 3.5 million more homes need to be built by 2030 to reach affordability. The agency released a report Thursday explaining the need for a different approach to the housing supply shortage at a time of rising demand and affordability concerns. “Increasing supply

Whether or not the economy is set to experience a recession is a growing question in the minds of consumers and economists alike. However, it’s clear that rising interest rates are set to cool both the housing market and consumer spending, while other key indicators are starting to flash warning

Canadian real estate has another indicator showing higher rates are tempering the market. A new analysis from BMO Capital Markets shows housing-related retail sales fell in April. They attribute this to higher rates, and see this as a direct follow up to falling real estate sales. Activity remains elevated but BMO sees

Canadian lenders are only writing off a smaller share of mortgages, but the losses are bigger. The average loss from bad mortgages increased sharply in Q1 2022, shows Equifax data. A smaller share of mortgages are producing write-offs, now at a record low. However, that might change fast as the size of