Canadian recreational property prices expected to rise modestly in 2025 despite economic uncertainty

Recreational property prices in Canada are projected to rise by 4% to a median of $652,808 in 2025, driven by strong demand and supply constraints. Lower borrowing costs are increasing buyer interest, with 46% of agents noting heightened demand. However, growing restrictions on short-term rentals may deter buyers. Regionally, Atlantic Canada is expected to see the highest appreciation at 8%, while...

Canadian Home Builders’ Association urges more collaboration with city to address housing affordability

The Canadian Home Builders’ Association (CHBA) is urging Kamloops to improve collaboration to tackle the housing crisis. In its first year in the 2024 Municipal Benchmarking study, Kamloops ranked ninth out of 23 cities, above Vancouver and Toronto. The study highlighted a need for better transparency, as the city did not provide data. CHBA noted that housing affordability is a pressing issue, with...

Mid-Q1 Home Sales Drop 10.4% Yearly

In February 2025, home sales in Canada fell to their lowest level since November 2023 amid trade war uncertainty. February home sales ↓ 10.4% yearly and ↓ 9.8% MoM on a seasonally adjusted basis....

Is Canadian Real Estate Still a Smart Bet?

Canadian Real Estate offers steady returns, appreciating over time despite market fluctuations and economic uncertainty.Tariffs on construction materials could increase property values, creating a favourable investment environment for existing homes....

Happy Victoria Day

The holiday has been observed since 1845, as a celebration to honour Queen Victoria. The day unofficially signals the start of summer for many Canadians. It is celebrated with parades and fireworks in some cities. Sending our warmest wishes to everyone for a happy and peaceful long weekend....

Homeownership remains increasingly challenging for millions of Canadians

Canadians face major barriers to homeownership in 2025, with many unable to save for a down payment. Two-thirds are waiting for interest rates to drop, and 74% adopt a "wait and see" approach due to economic fears. Over half feel they've missed their chance to buy, especially millennials. High housing costs and living expenses hinder savings, while wealth inequality grows as homeownership...

Learn from California’s mistakes: IBC calls for urgent action on wildfire resilience

A report from the Insurance Bureau of Canada warns that the country's insurance system is under pressure due to increasing wildfire severity and frequency. The IBC urges policymakers to learn from California's recent insurance crisis, which left many homes uninsured. The report highlights a significant rise in insured catastrophic losses in Canada, with Alberta reporting over $1 billion in...

How to Protect Your Home From Ice Storm

Insulate pipes and maintain stable heating to prevent freezing and bursting during ice storms. Keep gutters, grates, and drainage systems clear to avoid ice buildup and potential water damage....