RBC Says 2019 Was a Turning Point for Canadian Housing Market

RBC Economics says 2019 will go down as “the turning point for Canada’s housing market.” This refers to the end of the most significant correction since the Great Recession of the last decade and sets the scene for continued recovery for the housing market 2020. The report from senior economist Robert Hogue reflects on a year that faced challenges but …

Toronto Will Need to Double Rental Supply to Meet Future Demand

A new report from RBC Economics focuses on the rental housing deficit, which is set to intensify in the coming years, especially in Toronto and Vancouver. The report says that the supply of new rental homes will need to pick up the pace to meet future demand; in Toronto, the pace must double. In the meantime, lack of supply is …

The CP Holiday Train will be Making its Way Across Canada and the USA

This event is free, with CP encouraging attendees to open their cupboards and wallets to help address hunger needs in their communities. Local food banks will be accepting donations at each stop to ensure those less fortunate have enough healthy food this holiday season. “It is a privilege for CP to be able to run a program like this and …

Recreation Homes in Demand for a New Demographic

Canada’s recreational home market is growing thanks to a new group of homebuyers claiming their piece of the cottage and vacation homes market. As more Canadians work remotely, they are shunning the city life for a more relaxed home-working environment. Sotheby’s International president and CEO Brad Henderson says that he has seen a growing trend for people leaving Montreal or …

Foreign Buyers only 3.4% of Toronto Home Sales

Homeowners in Toronto and Vancouver believe that foreign investors are responsible for driving home prices upwards but there are no official statistics to support this theory. “It has been a misconception among Canadian home owners for a few years that foreign buyers have been the cause of the housing shortage and escalating sale prices. However, statistics are showing that foreign …