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

Toronto is getting nearly a thousand new affordable rental homes through its Open Door Affordable Housing Program. Today, Toronto City Council unanimously approved the results of the 2021 Open Door Affordable Rental Housing Call for Applications. A total of 17 affordable rental housing projects, representing approximately 920 affordable rental homes, were

Low rates and the promise of riches from ever rising home prices sent Canadians on an epic debt binge. Statistics Canada (Stat Can) data shows the household debt to disposable income ratio tied the record in Q1 2022. A tie might sound like we’ve seen this before, but interest rates make this

Close to a quarter of Canadian homeowners say they’d be forced to sell their homes if interest rates increase any further, according to a new Manulife Financial report. With three Bank of Canada interest rate hikes already implemented and more expected throughout the remainder of the year, Canadian homeowners are feeling the financial

Housing affordability has been a major talking point in the build-up to the Ontario election. As home prices have sky-rocketed throughout the last two years during the pandemic, each party has outlined their promises to make housing affordable ahead of the provincial election. Rising prices, however, are not just a symptom of