Author: homegoal.ca
After a brief slowdown in September, Canada’s housing market regained momentum in October, picking up where it left off after five months of steady growth. According to the Canadian Real Estate Association (CREA), 42,068 homes changed hands in October, up from 39,700 in September, a 6.0% month-over-month increase, marking the sixth gain in the past seven months. While sales were 4.3% lower year-over-year, the return to growth indicates that the fall market maintained its underlying strength despite persistent economic uncertainty. Smaller and mid-sized regions once again led the recovery, while major markets like Toronto and Vancouver continued to find stability…
Canada’s housing market continued its slow but steady recovery in October, according to the latest data from the Canadian Real Estate Association (CREA). National home sales posted another monthly increase, extending a trend of gradual improvement. Although activity remains below last year’s levels, key indicators point to a market that’s edging closer to balance. Sales continue their upward climb Home sales recorded through Canadian MLS® Systems rose 0.9% from September to October, marking the sixth monthly gain in seven months. Overall sales were still 4.3% below October 2024. “After a brief pause in September, home sales across Canada picked back…
The October housing data from the Canadian Real Estate Association (CREA) has arrived at a moment when the country is searching for direction. After more than a year of turbulence marked by rate whiplash, population recalibration, labour softness, and an uneasy global trade environment, the market’s next chapter matters more than any monthly release. The latest numbers reveal a market that refuses to sink and yet cannot ascend with conviction either. The economy is pressing against the limits of what households can reasonably absorb, while policymakers test the reach of their interventions. Households are weighing their choices through the lens…
Canada’s housing rut continues as a wave of unprecedented seller activity hits the market. Canadian Real Estate Association (CREA) data shows the price of a typical home fell to a multi-year low in October. Despite lower interest rates and rising buyer incentives, sales fell short, reversing the progress made last year toward a recovery. Meanwhile, new listings hit a record high as inventory floods the market. Canadian Real Estate Prices Continue To Fall, At 4-Year Low Canadian Real Estate Prices: The price of a typical home across Canada. Source: CREA; Better Dwelling. Canadian real estate prices continued to slip last…
New revelations have come to light that fill gaps in what may be 2025’s biggest Canadian real estate story, the $10-million iPro Realty Ltd. trust account scandal. Equally studied and scrutinized as the trust fund fraud itself has been the handling of it by the Real Estate Council of Ontario (RECO). A new report by Dentons Canada LLP, commissioned by RECO, offers a picture of how things went wrong, placing former registrar Joseph Richer at the centre. Secrets and a culture problem Dentons found RECO’s culture and structures failed to support accountability or its consumer-protection mandate. The report…
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Investor Mortgage Crackdown Set For 2026, Delayed 3 Years Canada’s financial watchdog is finally moving its banks up to global risk standards after three years of delays. OSFI has told lenders to prepare to adopt the Basel III minimum output floor in Q2 2026, which will require banks to classify investor mortgages as 50% riskier than loans on owner-occupied homes. The move aims to reduce reliance on internal risk models, which often downplay reality and create systemic vulnerabilities. It may appear to be a crackdown on…
There’s nothing like the thrill of sliding down a snow-covered hill. With winter approaching, it’s the perfect time to plan a fun outing like snow tubing. Ottawa is a great place to enjoy the season, with plenty of exciting tubing spots just a short drive away. To help plan your winter adventures, we’ve put together a list of snow tubing spots you won’t want to miss out on. Distance from Ottawa: 34 km northeast (30-minute drive) Located just a 30-minute drive from downtown Ottawa, this snow tubing spot is open to guests of all ages (three years and older). The…
Unionville, located just outside Toronto, has a charming, storybook feel, and that’s no coincidence. The very first episode of the iconic Gilmore Girls show was filmed here. Although the story is set in the fictional Connecticut town of Stars Hollow, Canadian fans know there’s a special hometown connection hidden right in Unionville. With its quaint streets, local cafes, photobooths, and small-town charm, Unionville has a unique, cozy energy that is sure to pull you in. More than two decades after its debut, Gilmore Girls remains a cultural touchstone, a unique TV escape that shaped early-2000s television and redefined the feel-good…
Real estate headlines in many major Canadian markets paint a picture of doom and gloom, but what if the actual story is one of reinvention? PwC Canada and the Urban Land Institute’s Emerging Trends in Real Estate 2026 Canadian report, released this week, reveals a market in transition. Based on 200 interviews and surveys of Canadian investors, developers, asset managers and other professionals, the report shows how companies are leaning into new sources of growth in areas like purpose-built rentals, student and senior housing and secondary markets. Family-sized rentals as a beacon of hope The real estate…
Canada’s bank regulator will finally move to curb investor mortgage risk—nearly 3 years behind schedule. The Office of the Superintendent of Financial Institutions (OSFI) will treat investor mortgages as riskier assets in 2026, reducing liquidity for mortgages on non-owner-occupied homes. Originally scheduled for 2023, the rule is part of Canada’s delayed adoption of global risk standards, meant to limit the use of internal models that often downplay threats and hide systemic risks. The change will impact all markets, but hit those dominated by investors the hardest. Basel III: The One Weird Accord Canadian Banks Hate The Basel Accords are a…