Tag: Housing market trends
Closing the Mortgage Affordability Gap: Canadians Struggle to Keep Up
A new survey has unveiled the sobering reality that many Canadians are struggling to bridge the gap between what they can comfortably afford for mortgages and rent, and what they are actually paying. The...
Home Sales Plunge in August, Prices Reach Record High
Sales of previously owned homes took a significant hit in August, with a 2.5% drop from July, according to the National Association of Realtors. This decline brought the seasonally adjusted annualized rate to 3.86...
Mortgage Demand Stalls as Rates Hit Lowest Since April 2023
Mortgage Demand Remains Steady as Rates Hit Lowest Since April 2023The housing market continues to show resilience as mortgage rates hit their lowest levels since April 2023. Despite the favorable rates, demand for mortgages...