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Looking to buy or sell a house in Canada? Curious about what the market is doing? Here are some numbers and trends to look through. Or, give us a shout, we know them inside and out — for great advice on your mortgage and rate decisions.
Understanding the housing stats in your area and across Canada will help you make informed buying and selling decisions.
Below are some market resources to help you stay on top of the latest housing trends.
Or, talk to us. We can help decipher what the numbers mean for your specific mortgage decisions and what may be up and coming for regulations or rate decisions.
The Canadian Real Estate Association (CREA) website keeps on top of the housing stats for our nation, giving a constant overview and several reference points for perspective on what the stats are really saying (in their opinion).
The Canada Mortgage and Housing Corporation (CMHC) website is also a good resource for Canadians looking to learn more about past and future housing trends. For example, they recently released a survey showing that 44% of first-time buyers use a mortgage broker, up from 35%. Canadians are getting smarter when it comes to saving money on their rates and mortgages!
The CMHC has discontinued its housing market assessment, but you can sign up for their newsletter to get their latest housing updates.
You can also check with your local real estate governing bodies for access to more area-specific information.
Here are links to provincial market stats:
Northwest Territories, Nunavut, Yellowknife: https://www.cmhc-schl.gc.ca/en...
Here are more links to stats for larger Canadian city centres:
At True North Mortgage, we frequent Bank of Canada's website, particularly the bond trading prices.
Did you know? The Government of Canada 5-year bond yields are very closely linked to the banks' 5-year fixed rates? If bond yields go up, 5-year fixed mortgage rates will typically soon follow.
Read more in our blog: How Government Bond Yields Relate To Mortgage Rates
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