Canada's spring housing market got off to a slower start than usual, as economic uncertainty and ongoing geopolitical tensions weighed on consumer confidence, compounded by the lingering effects of a long, snowy winter. 

Slight uptick in activity as fall housing market gets underway; price growth lags behind. Canada’s most expensive cities record price declines, while growth slows in other major markets in Q3.Press Release Highlights: The Greater Montreal Area’s aggregate home price increased 4.9% year over year, while the greater Toronto and Vancouver markets recorded declines of 3.5% and 3.1%, respectiv ...

Luxury Landscape: Brisk activity expected this fall across Canada’s high-end real estate markets. Luxury real estate properties in Canada’s largest markets continue to demonstrate price stability, with less pronounced peaks and valleys compared to the typical fluctuations seen in the mainstream market Sussex 2024 Royal LePage Carriage Trade Luxury Market Report ...

Canada’s central bank has made a third cut to its overnight lending rate this year, lowering borrowing costs for existing and aspiring homebuyers yet again. In its scheduled September 2024 announcement, the Bank of Canada dropped the target for the overnight lending rate by 25 basis points to 4.25%. Click here for the full article

Where was the spring market? Homebuyers continue to wait in the wings despite highly-anticipated first rate cut by the Bank of Canada

The Bank of Canada marked a major turning point in its fight against inflation on Wednesday as it lowered its key interest rate for the first time in more than four years. Read More Herehttps://toronto.citynews.ca/2024/06/05/boc-interest-rate-decision-cut/

Royal LePage upgrades national year-end home price forecast as Canadian real estate market hits 'critical tipping point':   In 2024, Greater Toronto and Montreal home price appreciation expected to outpace former frontrunner, Calgary.   Royal LePage is forecasting that the aggregate price of a home in Canada will increase 9.0 per cent in the fourth quarter of 2024, compared to the same period ...