Author: homegoal.ca
Canadian home price growth continues to accelerate despite further demand erosion. Canadian Real Estate Association (CREA) data shows home prices jumped in February. The increase was accompanied by sales making the sharpest drop in years—easing inventory pressures even further. That’s not how this traditionally works. Canadian Real Estate Prices Made Sizable Gains Last Month The composite benchmark price of existing home sales made through the MLS. Source: CREA; Better Dwelling. Canadian existing home prices continued their march upward last month. The price of a benchmark (or typical) home climbed 0.6% (+$4,400) to $713,700 in February. Home prices are 1.0% (-$6,900)…
The Canadian housing market saw a sharp decline in sales activity from January to February as ongoing trade tensions with the United States left buyers hesitant. According to the Canadian Real Estate Association (CREA), home sales recorded through MLS® Systems fell 9.8% month-over-month in February 2025, marking the steepest decline since May 2022. This drop brings sales activity to its lowest level since November 2023. With the introduction of tariffs by the USA, the resulting economic uncertainties immediately slowed buyer activity. “The moment tariffs were first announced on January 20, a gap opened between home sales recorded this year and…
Homebuyers stayed on the sidelines in February 2025, leading to a significant drop in home sales across the country, according to the latest market report from the Canadian Real Estate Association (CREA). With the ongoing trade war between Canada and the United States, market activity slowed to its lowest level in over a year. Home sales see largest drop since 2022 Sales activity fell 9.8% compared to January, marking the largest single-month decline since May 2022 and the lowest absolute number of home sales recorded since November 2023. The slowdown wasn’t limited to just a few areas — sales declined…
Don’t miss out—join us online for REM’s first monthly market breakdown on March 25 at 2 PM Eastern. REM, columnist Daniel Foch will analyze CREA’s latest stats, market slowdowns, and what shifting buyer sentiment means for Realtors. Register here. It seems Canada’s resilient housing market is finally meeting a storm it can’t immediately weather. In CREA’s February 2025 data, we saw home sales plunge dramatically—almost as if the market collectively paused to reflect. Is this surprising? Not really. It’s a reaction many predicted as the trade war with the United States continues to escalate, throwing economic certainties into…
Marketing Canadian vacation rentals to international travellers requires a well-planned approach that extends beyond standard marketing techniques. The goal is to reach and persuade audiences in different countries, each with unique travel habits, cultural preferences, and booking behaviours while highlighting the unique appeal of your property and location. Craft a Compelling, Culturally Resonant Brand Story Your brand narrative is the cornerstone of international outreach. Develop a story that celebrates a unique Canadian experience while connecting emotionally with travellers worldwide. Highlight an authentic Canadian lifestyle. Travellers are drawn to genuine experiences rather than polished sales pitches. Create a signature message. A…
After posting a 3% gain in January, the annual rate of housing starts slipped 4% in February, new data from Canada Mortgage and Housing Corporation (CMHC) shows. The agency reported on Monday that, on a national basis, the seasonally adjusted annual rate (SAAR) of starts came in at 229,030 units last month, down from 239,322 units in January. Meanwhile, the six-month moving average of the SAAR edged up 1.1% in February to 239,382 units.CMHC also revealed that actual starts in centres with populations of at least 10,000 fell 5% between January and February to 209,784 units, with the bulk of…
Securing a great deal on a condo-apartment in Toronto during the spring 2025 market depends on knowing where to look. Different neighborhoods offer better negotiation opportunities, especially those where listings remain on the market longer or where sales activity is lower. Sellers may be more inclined to adjust prices or provide incentives to close these neighbourhoods. Understanding these market dynamics can give you an advantage in finding the best value for your investment. Given the overwhelming number of condo listings in Toronto, there is significant potential for long-term equity building. Zoocasa analyzed data from February 2025 to identify the best…
Janice Myers, CEO, CREA makes a statement alongside the housing coalition in Ottawa (CPAC) As economic uncertainty mounts over escalating trade tensions with the United States, a coalition of organizations, including the Canadian Real Estate Association (CREA), is urging governments to include housing in their response. Housing Canada: A Sovereign Plan to Protect Canadians and Build a Resilient Housing System Recently unveiled at a press conference in Ottawa, the coalition outlines 10 key policy initiatives aimed at stabilizing the housing market, protecting vulnerable Canadians and ensuring long-term sustainability. “This targeted trade war by the United States has…
Tucked away on one of Uxbridge’s most coveted roads, a custom-built estate is serving a rare fusion of architectural excellence and resort-style luxury. Crafted by the renowned David Small Designs, the newly constructed residence at 547 Old Stouffville Road is a testament to contemporary sophistication. The estate seamlessly blends organic textures with natural modern design.From the moment you arrive, the home’s striking façade commands attention. Expansive glass windows, rich wood tones, and limestone detailing complement the surrounding landscape, creating an impression that’s equal parts bold and beautiful.Inside, soaring ceilings and an abundance of natural light welcome you. The heart of…
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Rate Cut Is Driving Mortgage Costs Higher Canadians looking forward to cheaper debt from mortgages may be a little disappointed. Earlier this week, the Bank of Canada (BoC) slashed its key policy rate by 0.25 points to 2.75%, hoping to stimulate demand. However, only variable-rate mortgages are impacted by the overnight rate. More popular (and generally cheaper), fixed-rate mortgages are based on bond yields. Those yields didn’t fall in response to the cuts, but actually climbed higher as inflation expectations increased. With CPI set…