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Canadians are less likely to purchase a home now than they were at the height of the pandemic, according to the latest Scotiabank Housing Poll. Twice as many Canadians are putting their plans to purchase a home on hold in today’s economic environment, when compared to the first year of the pandemic and the height […]
It’s no secret that Canada’s hot housing market is causing anxiety with home sales and prices that are cooling off slightly from this spring, but remain historically high1. A new survey from Zillow and Ipsos reveals that affordability is a top concern, but Canadians are dreaming of a new home and using online tools to help them […]
A new report by RE/MAX Canada is shedding light on shifting consumer trends in home renovations and the perceived return on investment (ROI), as impacted by COVID-19 and historically tight market conditions. The RE/MAX 2021 Renovation Investment Report found that more than half of Canadians renovated their home last year for personal/non-ROI purposes, with three-in-ten (29 per cent) choosing to […]
Sustained housing price increases still outpacing the recovery in fundamental factors, such as labour income, means Canada’s national housing market remains moderately vulnerable, with more pronounced vulnerabilities in large cities and smaller centres. This analysis is according to the Canada Mortgage and Housing Corporation (CMHC)Housing Market Assessment (HMA) released today.The current HMA is based on preliminary data up to […]
BMO has issued the first in a two-part series of releases taking the pulse of first-time homebuyers and diving into their views on the Canadian housing market. While the survey shows a drop in how first-time buyers feel about market affordability amid today’s sizzling market, some regions show a different story with buyers in Western Canada feeling […]