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Tag Archives: Canadian home prices

Canada’s construction pandemic year?

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How did Canada’s residential construction sector fare during the pandemic year? Despite the slowdown during the first few months of the pandemic, on top of challenging lumber and product material prices and shortages, the residential construction industry exhibited an uncommon resilience in 2020 that made it a consistent key driver in the Canadian economy. A [&hellip…

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These are Canada’s most unaffordable cities for homebuyers

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Housing markets across Canada have grown exponentially more expensive over the last 10 years, placing homeowners under an increasing amount of financial pressure. A new study from Point2Homes has revealed where the nation’s homeowners are facing the greatest levels of housing unaffordability. According to Point2Homes, the share of income needed to afford a home has [&hellip…

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Are Canadians more confident in the housing market or the Canadian economy?

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Canadians’ belief in the strength of the real estate sector remained stable in December despite lingering concerns about the overall economy, according to the latest edition of the RBC Home Buying Sentiment Poll. The survey found that while only 18% of Canadians consider the overall economy stable, around 45% are confident in the housing market’s strength. Less [&hellip…

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