Author: homegoal.ca

Canadian real estate revived an old risk: mortgage debt is back in the driver’s seat. Statistics Canada (Stat Can) data shows household credit climbed again in August, driven almost entirely by mortgage debt. While borrowing remains historically slow, mortgages are still growing much faster than other forms of credit—now accounting for nearly 8 in 10 dollars, a record high. That concentration is amplifying household and economic vulnerabilities.  Canadian Household Debt Tops $3.13 Trillion, Up Nearly 5%  Canadian household debt showed a slight slowdown, but remains lofty. Total household debt rose 0.48% (+$14.98B) to $3.13 trillion in August, up 4.45% (+$133.06B)…

After two years of steep borrowing costs and growing inventory, Canada’s condo market cooled in 2025. Prices have dipped in nearly every major region, but the extent of those declines depends on where you look. Urban cores largely held their ground, while suburban and vacation-focused markets faced sharper corrections. Zoocasa analyzed condo price trends in Toronto, Vancouver, and Calgary to identify areas with the most significant price corrections and those demonstrating market resilience. Toronto’s Outer Suburbs Take the Hardest Hit Across all Toronto regions, the average condo price decreased by 4% year-over-year, falling from $682,543 to $655,231, a difference of…

I was a third-year real estate agent, and my market, Edmonton, had front-row seats to the fall in oil prices from historic highs to brutal lows in just a few months. Alberta’s economy tumbled, the housing market followed it down, and I was sure my business was in jeopardy. That downturn lasted longer than anyone hoped. From 2015 to 2021, Edmonton was a buyer’s market as prices slid thousands of dollars, inventory stacked up, and apartment-style condos got the shortest end of the stick. The market was rough, and there were 40 per cent fewer transactions for any agent; many…

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Sees Foreign Investment Surge, But They Want Debt—In US Dollars Canada just saw foreign investment return—but not in a good way. The country saw a net inflow of C$25.9 billion in August, the largest in over a year, and it was almost entirely into debt. Not government debt, but corporate debt issued in U.S. dollars. The issue creates two major problems for the Bank of Canada: weaker demand for the loonie, and reduced sensitivity to domestic monetary policy. This means rate cuts are unlikely to stimulate…

Selling your home, but not sure how to get it photo-ready? First impressions matter, and according to NAR, 48% of surveyed buyers said they expect listing photos to look styled, clean, and neat, like the homes shown on TV. When asked which spaces mattered the most, 37% said the living room was most important, followed by 34% for the primary bedroom, and 23% for the kitchen.  These numbers highlight just how important presentation is. With a few simple listing photo prep tips, you can make your home look as polished and inviting as the ones on TV. Here are five…

Thinking of upgrading your home but unsure what features to invest in? Not all renovations deliver the same return, but some home features can actually increase the value of your home when it comes time to sell. From functional upgrades to stylish enhancements, choosing the right features can make a huge difference. We’ve gathered a list of five features worth investing in to help maximize the value of your home.  #1: Energy-Efficient Upgrades In a survey conducted by Zoocasa, 1,000 website users were asked how they would spend $10,000 after purchasing a home. Nearly half (48%) of the respondents said…

Canada saw foreign investment return, but it wasn’t the positive indicator it normally signals. Statistics Canada (StatCan) data shows foreign investors recorded a net inflow of $25.9 billion in August, the most in over a year. Nearly all of it was debt demand, though not the kind policymakers brag about. Investors skipped government bonds, equities, and even loonies, buying corporate debt in US dollars—with just four companies accounting for more than a fifth of new issues.  Canada Sees Foreign Investors Return—For Corporate Debt  The majority of the flow was demand for debt securities. Canadian debt offerings saw foreign investors buy…

Canada’s rental market continued to cool last month as record levels of new housing supply and softer demand pushed prices lower across much of the country compared to last year. Zumper’s National Rent Index showed the median one-bedroom rent edged up just 0.1 per cent in September to $1,821, while two-bedroom units rose 0.1 per cent to $2,258 compared to August. On an annual basis, rents fell 4.1 and 4.3 per cent, respectively, the twelfth straight month of year-over-year declines. Major markets such as Toronto and Vancouver, where new apartment completions have surged, posted some of the steepest rent drops.…

New condominium sales in the Greater Toronto Hamilton Area (GTHA) have fallen to their lowest level in 35 years, while project cancellations have already reached a record high, according to a new report from Urbanation Inc. In its Q3-2025 Condominium Market Survey, released Thursday, the market research and analysis firm reported just 319 new condo apartments were sold in the third quarter of 2025, down 54 per cent from a year earlier and 92 per cent below the 10-year average for the period. It was the weakest third quarter since 1990.   Weak demand crushes new projects   Developers have…

Winnipeg’s housing market saw renewed strength in September, with performance metrics rising across nearly every category. MLS® sales, dollar volume, and average prices all moved upward compared to last year and the five-year average. Both the residential detached and condominium segments achieved new record average prices for the month of September, suggesting a potential rebound in market confidence, according to the Winnipeg Regional Real Estate Board. Source: Winnipeg Regional Real Estate Board Sales and Listings In September, total MLS® sales saw a 12% increase over September 2024 and 7% higher than the five-year average. The total dollar volume surged to…