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Industry News

CREA upgrades home sales forecast for 2019, 2020

CREA upgrades home sales forecast for 2019, 2020

  • Sep 18, 2019

However, national sales activity is expected to remain below levels recorded before the stress test was implemented


Montreal blocks project that scrapped social housing

Montreal blocks project that scrapped social housing

  • Sep 18, 2019

The city's mayor says that the developers failed to include the promised social housing units in their plans


Canadian home sales hit 6th-straight-month growth in August

Canadian home sales hit 6th-straight-month growth in August

  • Sep 18, 2019

CREA reports higher sales activity both on a monthly and annual basis


Reverse mortgages continue to boom in Canada

Reverse mortgages continue to boom in Canada

  • Sep 18, 2019

The reverse-mortgage sector expands by about 25% a year, says Equitable Group’s CEO


Household debt-to-income ratio continues to rise in Q2

Household debt-to-income ratio continues to rise in Q2

  • Sep 17, 2019

StatCan shows that for every dollar of household disposable income, Canadians owed about $1.74 in credit market debt


BC’s speculation and vacancy tax helps lower home prices

BC’s speculation and vacancy tax helps lower home prices

  • Sep 17, 2019

Finance Minister Carole James says that the price moderation is “a step in the right direction”


Trudeau pledges expansion of first-time home buyer incentive

Trudeau pledges expansion of first-time home buyer incentive

  • Sep 14, 2019

The prime minister announces that the incentive’s ceiling will increase for high-priced housing markets


Real estate boards join forces against mortgage stress test

Real estate boards join forces against mortgage stress test

  • Sep 14, 2019

Realtors across Canada sign a statement that calls on federal candidates to support a looser stress test