Housing starts in Canada declined to 215,365 units in January 2023 – down 13 per cent compared to just a month earlier.

Despite hitting a record-low in Q3-2022, Vancouver’s new home sales rate for the year was only seven percent below the 10-year average.

Interest rate hikes may have temporarily destabilized Canada’s housing market, but don't expect a 2008-esque housing market crash any time soon.

Cedarbrook by Westbow has just released a new collection of rowhomes in a variety of options to suit any potential homebuyer. Cedarbrook will be located at Schweyey Road in Chilliwack. The row homes come with three bedrooms and a unique layout, allowing residents to enter on the main floor of their home.

A new study by the Canadian Housing Statistics Program (CHSP) revealed the percentage of property investors across five Canadian provinces. Unsurprisingly, city centers and tourist areas in Ontario and British Columbia saw some of the highest rates of landlord-owned homes.

Rental housing supply across the nation surged in 2022 but demand outpaced growth – leading to skyrocketing prices, record-low vacancy rates and less mobility.

Creekstone is a new heritage-inspired community in southwest Calgary. This single-family development by Excel Homes and Apex Developments, features various builders. Excel has over ten different models to choose from with prices beginning in the low $500,000s for duplexes and mid-$600,000s for front-drive homes. Sizes range from 1,214 to 2,485 square feet, with all homes containing at least three bedrooms and up to six, depending on the model. Every Excel Home is certified Built Green.

The CREA is predicting good news for the market in the coming year – while it's not a full recovery, it's the start of a long-awaited turnaround.

The latest rate hike is, thankfully, the smallest increase since March 2022 and will likely be the last for the next little while.

According to the latest CREA statistics, national home sales inched up by 1.3 per cent in December.