Should Canada’s banking regulators abandon the mortgage stress test?

In 2016, the Canadian government introduced the mortgage stress test as a vital tool to curb risks associated with mortgage lending,...

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.

The global...

NOVEMBER 2023 HOUSING MARKET UPDATE

December 1, 2023

Increased listings, strong sales, and price growth.

New listings in November reached 2,227 units, nearly 40 per cent higher than the exceptionally low...

The Calgary Real Estate Board (CREB®) has released its Q3 2023 housing market report, providing a comprehensive overview of the real estate landscape in the City of Calgary and surrounding areas. The...

October sales activity slowed over the last month in alignment with typical seasonal patterns. However, with 2,171 sales, levels were 17 percent higher than last year and amongst the highest levels reported...

The Bank of Canada decided to maintain its target for the overnight lending rate at 5%.

In its latest scheduled interest rate announcement on October 25, 2023, the Bank cited growing evidence of a slowdown...

Over the past few months, more sellers have entered the housing market, particularly in September with a surge of new listings in all major Canadian markets. This is thanks to several things, notably rising...

SEPTEMBER 2023 HOUSING MARKET UPDATE

October 3, 2023

Calgary home sales at record highs in September, yet supply remains a challenge

Sales reached another record high in September with 2,441 sales. Despite...

AUGUST 2023 HOUSING MARKET UPDATE

September 1, 2023

Thanks to a surge in the condominium market, August sales reached a record high with 2,729 sales. Despite the record levels reported over the past several...

The Calgary Real Estate Board (CREB®) has released its Q2 2023 Housing Market Report. The report highlights a dynamic real estate landscape in the City of Calgary, showcasing strong trends in sales,...

2023 MOVE-UP MARKET REPORT

Existing homeowners are driving housing market gains ahead of interest rate hikes, as home ownership continues to be a top priority for Canadians from coast to coast

NATIONAL...

JULY 2023 HOUSING MARKET UPDATE

August 1, 2023

Calgary home prices reach new heights: July sees seventh consecutive monthly gain

Rising rates had little impact on sales this month as the 2,647 sales represented...

The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening....

JUNE 2023 HOUSING MARKET UPDATE

July 4, 2023

Another record-high month for Calgary

The housing market in Calgary witnessed a surge in apartment condominium sales, setting a new total residential record...

For years, RE/MAX agents have earned the trust of buyers and sellers across Canada. This stems from their unparalleled experience, productivity, and professionalism in the ever-changing real estate market,...

The dream of homeownership lives on for Canadians, according to a recent poll conducted by CIBC.

Homeownership remains a top goal for 71 per cent of non-homeowners, while the majority of mortgage holders...

MAY 2023 HOUSING MARKET UPDATE

JUNE 1, 2023

May sales reach a record high

Thanks to a significant gain in apartment condominium sales, May sales rose to 3,120, a new record high for the month. While the...

Alberta’s strong economic performance continues to fuel commercial real estate in Calgary, with most asset classes experiencing solid activity from both a lease and sales perspective.

Spillover from...

APRIL 2023 HOUSING MARKET UPDATE

MAY 1, 2023

Prices reach new record high

Persistent sellers’ market conditions placed further upward pressure on home prices in April. After four months of persistent...

Sales activity has behaved as expected through the start of 2023 and slowed by 43 percent over last year’s all-time record-high performance in the first quarter. The steeper decline in the first quarter...