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New home price growth cools in April as residential construction activity stays high

Michelle McNally

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  • Canadian home prices see record annual growth in April: Teranet–National Bank

    Michelle McNally May 19, 2022

    According to the most recent update to the Teranet–National Bank National Composite House Price Index (HPI) home prices increased 18.8 per cent year-over-year in April, a new record.

  • Canada sees upward trend in new housing starts in April: CMHC

    Michelle McNally May 17, 2022

    The number of new residences kicking off construction across Canada trended upward last month thanks to a higher number of multi-unit and single-detached starts.

  • Vertos sparks new wave of development in Cochrane, AB

    Livabl May 16, 2022

    Located in Greater Calgary, only 10 minutes from NW Calgary in the booming Town of Cochrane, Vertos is the first project in the new waterfront community of Greystone. It will be comprised of more than 300 townhomes and garden level condos, and will eventually be surrounded by top-end shopping centres and leisure activities.

  • Wedgemont brings Scandinavian style to the Township of Langley

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    Wedgemont is coming soon to the Township of Langley. These freehold townhomes will be joining the Latimer neighbourhood and will feature a unique Scandinavian-inspired design both inside and out.

  • National home sales drop over 12% in April as higher rates kick in

    Michelle McNally May 16, 2022

    After two years of red-hot market activity, higher borrowing costs are causing a cool down in Canada’s feverish real estate markets during the traditionally busy spring months.

  • Higher interest rates put B.C. housing demand ‘on a path to normalizing’: BCREA

    Michelle McNally May 12, 2022

    Although a lack of supply is keeping market conditions tight, home sales in British Columbia trended lower during April thanks to rising interest rates, a sign that demand is starting to normalize.

  • Stillwater’s Homeowners’ Association offers a wealth of exclusive amenities

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    A new phase of Stillwater is coming to Edmonton. This master-planned community is courtesy of Mattamy Homes and will be located in West Edmonton surrounded by plenty of nature.

  • Housing shortcomings linked to undercounted demand, lack of construction capacity: CIBC

    Michelle McNally May 11, 2022

    Interest rates are climbing higher, but some economists argue that an adjustment to rates won’t make much of an impact in the housing market without dealing with Canada’s chronic supply issue.

  • City of Vancouver approved over 8,800 new homes in 2021

    Michelle McNally May 10, 2022

    Last year, the City of Vancouver approved thousands of new housing units, the most approvals since the city’s 10-year housing strategy was implemented in 2017.

  • Low inventory, higher demand boosts Canadian new condo prices in Q1-2022

    Michelle McNally May 9, 2022

    The cost of buying a brand new condo apartment in Canada increased a little more during the first months of 2022 thanks to higher demand from purchasers and less inventory on the market.

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