Category: Uncategorized
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TD Revises 2026 Housing Outlook
TD now forecasts home sales falling 1.8% yearly in 2026, reversing earlier expectations of 9.3% growth, citing slower-than-expected demand recovery. National average home prices projected to decline 0.3%, compared with previous forecast of 4.1% increase, reflecting affordability pressures and weak economic conditions. Housing activity expected to stay subdued through 2026, with recovery delayed as uncertainty,…
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Is Canada’s Housing Slowdown About to Reverse Soon?
National housing activity opened 2026 with sales sliding sharply and new listings rising. Yet, CREA forecasts ~494,500 home sales in 2026 — a modest ~5% rebound. TD Economics sees only a muted recovery, not a dramatic rebound. Balance of risk & reward: Slowing demand + cautious buyers may delay full recovery until late 2026.
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What Sellers Should Know After Rate Hold By BoC
Stable rates support confidence but don’t guarantee rising prices in affordability-constrained housing markets. Increasing inventory across Canada shifts many markets toward balanced or buyer-friendly conditions. Sales activity remains slower than inventory growth, keeping price increases modest. Sellers should price competitively as buyers gain more choice and negotiating leverage.
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CMHC reports February housing starts up 4.5% from January
Canada's annual housing starts rose 4.5% in February to 250,900 units, with a nearly flat six-month trend indicating steady new construction despite monthly fluctuations. Year-over-year starts increased 10% in centers with populations over 10,000. Construction rose 5% in early 2026, driven by higher starts in B.C. and Ontario, offsetting a 28% decline in Toronto. Vancouver…
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BC Homebuyers Enjoy More Choices as Sales Slow
British Columbia's housing market remained weak in February 2026, with residential sales down 9.7% year over year and about one-third below the 10-year average. Average prices fell 2.9% to $932,243. Most regions saw sales declines, with only a few areas recording price gains amid lower sales. Year-to-date dollar volume dropped 17.8%, and unit sales were…
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Housing Starts Up 10% in Canada’s Largest Markets
Actual housing starts in Canada's large markets rose 10% year-over-year in February to 15,886 units. Vancouver saw a 60% increase, Montreal 18%, while Toronto declined 28%. The seasonally adjusted annual rate of total housing starts increased 4.5% month-over-month to 250,900 units. The six-month trend was nearly flat, reflecting steady construction despite volatility. Year-to-date starts rose…
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OSFI Pressures Banks as Condo Appraisals Reset
Slide 1 Canada’s banking watchdog flagged risks in pre-construction condo appraisals potentially breaching 80% loan-to-value mortgage rules. Slide 2 Blanket appraisals worked during rising prices but create challenges as condo markets soften. Slide 3 Pre-construction condo prices dropped 10–30% from 2022 peaks, increasing valuation risks at closing. Slide 4 Regulatory scrutiny encourages stronger valuation practices,…
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BoC Pause: Muted Housing Rebound
Home price growth in Canada is expected to slow to around 1%, lower than earlier expectations of about 4%, mainly due to declining condo prices in British Columbia and Ontario. Housing demand remains weak, with high inventory levels and slower population growth limiting a strong market recovery. The policy rate is expected to stay at…
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BC Home Sales Decline Again
February 2026: 4,516 MLS sales, about one-third below the 10-year February avg of 6,532. Provincial avg price ↓2.9% yearly to $932,243. Greater Vancouver sales ↓8.8% to 1,648; Fraser Valley ↓7.6% to 785; Chilliwack ↓31%; Kootenay ↓29.4%. BCREA says sales ↓ in every region yearly. Earlier forecast projected 2026 MLS sales ↑10.7% to 80,600 units.
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The #1 Mistake New Real Estate Agents Make and How To Avoid It
Success in real estate requires more than patience; it demands focused, intentional action. Key tasks include setting daily appointments, meeting potential clients weekly, practicing skills, and tracking signed clients regularly. Top agents hold themselves accountable by evaluating their progress and learning continuously. Working smarter, not just harder, drives more appointments, clients, and closings. Building a…