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Mortgage Insurance Insights Newsletter

Housing Market Trends



To view additional monthly aggregate house price data for 13 of Canada’s major cities, please visit the Brookfield RPS House Price Index site.

Source: CREA (The Canadian Real Estate Association)

HOUSING MARKET SUMMARY

  • Throughout the spring market, home price appreciation continued to be strong in Vancouver, Toronto and Hamilton, while other major markets in Canada experienced relatively flat home prices. On a national level, house prices have risen 5% over last year.
  • Much of Canada continues to exhibit balanced housing markets; however, some key markets are in seller’s territory, including Greater Toronto, Hamilton, Vancouver and Calgary.
  • In recent months, Alberta’s sales-to-new listings ratio has stabilized after experiencing a significant rebalancing earlier this year.

NOTE: Traditionally, a buyer’s, balanced or seller’s market is defined by the following ranges of sales-to-listings percentages:

< 35% Buyer’s Market (More homes are for sale than there are buyers)
= 36-54% Balanced Market
> 55% Seller’s Market (More buyers available than there are homes for sale)

NOTE: Click on the image of the map to download/print in PDF format.

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