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Feds face pressure over hot housing market ahead of 2021 budget

Lumber supply is low, but demand keeps rising as homeowners nest during the pandemic

There are calls on policy-makers to take action to prevent a potential housing bubble due to prices going 'parabolic'.

The Bank of Canada is seeing “worrying” signs that some Canadians are taking on too much debt to buy into the nation’s hot housing market.

BMO Economics isn’t ruling out the possibility of a policy response to cool rapidly overheating Canadian real estate markets.

Long-term risks to the economy are being exacerbated by outsized demand, shrinking inventory

Sustained housing price increases still outpacing the recovery in fundamental factors, such as labour income, means Canada's national housing market remains moderately ... More

The Canadian housing market is “overheating” and policy makers need to take steps to cool it down, according to an economist at Royal Bank of Canada, the ... More

The aggregate price of a house in Canada's recreational regions is forecast to increase 15 per cent in 2021 to $502,730, as demand continues to rapidly outpace ... More

Newly built Canadian homes are rising faster in price than at any time in more than three decades.

Our national real estate market is now in full-on boiling mode, according to a major Canadian bank.

While home prices continued to increase between November and January, their rate of growth was declining on a monthly basis. That changed in February as monthly home price ... More

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in February 2021.

Canada’s housing market is in a “huge bubble” after months of runaway price gains, according to economist David Rosenberg, who was bearish on US real estate ... More

Canada's top central banker said Tuesday that the economy would continue to need monetary stimulus, likely until 2023, even though there are already signs it could be ... More

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in January 2021.

The suburbs surrounding Toronto, Montreal and Vancouver's are fueling an uptick in homes beginning construction and properties ready for occupancy, says Canada Mortgage and ... More

Starts rebounded strongly from declines in December, says CMHC's chief economist. The trend in housing starts was 244,963 units in January 2021, up from 238,747 units in ... More

Big cities in Canada will come back to life once the pandemic is over and so will demand for homes in them, according to a new paper by economists at Canadian Imperial Bank of ... More

Despite quickly rising home prices and the uncertainty unleashed by the COVID-19 pandemic, a majority (80%) of Canadians still believe home ownership is a good investment.

e annual pace of housing starts in December fell compared with November, according to Canada Mortgage and Housing Corp. (CMHC).

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in December 2020.

Plus, seven trends that could impact the real estate market

Affordability and space limitations continue to impact purchase decisions as only 14% of Canadians polled would consider buying a home in a major metropolitan area.

Canadians are feeling more confident about the continued rise in home prices now than at any point in the previous three years, a trend Bloomberg and Nanos Research called a ... More

When the Liberal government proposed the foreign homebuyer tax in its fiscal update last month as part of a plan to lower home prices, it drew skepticism from observers who say ... More

The upward trend in Canadian housing starts continued in November, according to the Canada Mortgage and Housing Corporation.

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales continued running at historically strong levels in November 2020.

Townhouse activity has been especially rabid in Canada's largest markets.

Almost all households with expired debt referrals have resumed payments