[ 20% housing drop still leaves Canadians locked out ]
"Canada’s housing market has plunged into one of its sharpest-ever corrections. Canadians say it hasn’t gone far enough. After a record surge in home prices following the COVID-19 pandemic, slower population growth and increased supply in some communities have triggered a steep reversal. Benchmark prices have fallen by about 20 per cent nationally since 2022, and more than 30 per cent in some cities."
[ Canada’s largest markets could be at inflection point for recovery ]
"Resale real estate saw flat month-over-month activity in April, though some of Canada’s largest markets may be reversing their downward trajectories. An RBC Economics report pointed to Toronto experiencing a six per cent increase in resales in April from March. Year over year, sales grew seven per cent. That led RBC to suggest that Toronto and other large Ontario markets like Hamilton “could be finally turning around.”"
[ Ontario’s mortgage delinquency rate has spiked by 52 per cent ]
"Delinquencies on mortgages jumped 52 per cent in Ontario in the first quarter of 2026 compared with the year before, according to a new report from Equifax Canada. Missed payments in the province are now at 0.36 per cent, up from 0.24 per cent. Over the same period, Brampton’s rate rose 64 per cent, to 0.64 per cent, while Toronto’s increased 58 per cent to 0.38 per cent."
