A curated list of recent headlines relevant to real estate in Canada, with short excerpts. Click each headline link to read the full article on the source site.
[ Should Canada ditch the mortgage stress test? What experts are saying ]
"Despite recent interest rate cuts, the Canadian real estate market remained slow this summer. This has prompted some in the industry to call for an end to the stress test – a tool that determines whether a person can qualify for a mortgage. But would it be a good idea?"
[ Canadian Real Estate Is Stable, Toronto Condos Are An Exception: BMO ]
"No news is good news, especially for real estate investors looking for markets to stabilize. BMO Capital Markets dived into existing home resale data, and found little movement in July. Inventory is outpacing sales but they believe stocks are largely just being replenished. Toronto condos are a notable exception, where they are starting to see a supply glut. Considering Toronto real estate led Canada’s markets on the way up, it’s worth paying attention to see if it leads on the way down."
[ Canadian home sales dip as mortgage costs stay high ]
"National home sales declined in July as mortgage costs remained high, despite recent interest-rate cuts by the Bank of Canada, reports the Globe and Mail."
[ Posthaste: Take heart, Canada's housing market hasn't been this stable in years ]
"Canadians have been watching the housing market like a hawk since the Bank of Canada began cutting interest rates, hoping for a rebound from the post-pandemic doldrums. So far though that has failed to materialize. There was a bit of a spark after the central bank’s first rate cut in June, but in July the market “took a pause,” according to data released by the Canadian Real Estate Association last week."
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