CP24 | Real Estate News

Canada Mortgage and Housing Corp. says the annual pace of housing starts in Canada edged down one per cent in August compared with July.

The national housing market slowed last month with sales and prices tumbling between July and August as the Bank of Canada's latest interest rate hike rattled buyers.

Students renting a new apartment in Toronto for the school year may have been shocked to find rental prices have jumped by more than 10 per cent in the city compared to a year ago. 1

As housing prices across the country continue to be unaffordable for many would-be homebuyers, an increasing number of Canadians are opting to purchase property with family or friends, according to a recent survey from Royal LePage. 1

Sales of condominiums in the Greater Toronto Area (GTA) last month were the lowest they’ve been in July in 23 years, according to the Building Industry and Land Development Association (BILD). 1

The tightening of market conditions that unfolded in the spring is “unwinding rapidly” and Toronto is now the closest it has been to a so-called buyer’s market since last winter, a new report from RBC suggests. 2

Canada Mortgage and Housing Corp. says the annual pace of housing starts in July fell 10 per cent compared with June when they posted their strongest showing so far this year.

The Canadian Real Estate Association says July's home sales were little changed from June but saw the largest year-over-year increase in more than two years.