OSFI Pressures Banks as Condo Appraisals Reset

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Canada’s banking watchdog flagged risks in pre-construction condo appraisals potentially breaching 80% loan-to-value mortgage rules.

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Blanket appraisals worked during rising prices but create challenges as condo markets soften.

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Pre-construction condo prices dropped 10–30% from 2022 peaks, increasing valuation risks at closing.

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Regulatory scrutiny encourages stronger valuation practices, supporting more stable mortgage lending decisions.

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Experienced brokers help buyers navigate shifting rules, identify value opportunities, and secure compliant financing.

Canada Housing: Developers Boost Buyer Incentives

Developers across Canada are increasing incentives as weak new-home sales signal softer housing demand and slower market momentum.
Major declines in markets like Greater Toronto Area, Vancouver, and Montreal suggest near-term price growth may remain limited.
Rising unsold inventory and promotional offers indicate buyers gaining leverage in new-construction negotiations.Slowing sales could reduce future housing starts, potentially tightening supply and supporting prices longer-term.

MLS® Home Price Index

The MLS® Home Price Index (MLS® HPI) is an advanced tool developed by major Canadian real estate boards to accurately measure neighborhood home price levels and trends. It uses a statistical model considering both quantitative and qualitative home features. The MLS® HPI is less volatile than average or median prices, offering consistent, comparable home price data nationwide.

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BC Homebuyers Enjoy More Choices as Sales Slow

British Columbia's housing market remained weak in February 2026, with residential sales down 9.7% year over year and about one-third below the 10-year average. Average prices fell 2.9% to $932,243. Most regions saw sales declines, with only a few areas recording price gains amid lower sales. Year-to-date dollar volume dropped 17.8%, and unit sales were down 15.8%. Despite easing borrowing conditions, market activity continues to struggle.

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Housing Starts Up 10% in Canada’s Largest Markets

Actual housing starts in Canada's large markets rose 10% year-over-year in February to 15,886 units. Vancouver saw a 60% increase, Montreal 18%, while Toronto declined 28%. The seasonally adjusted annual rate of total housing starts increased 4.5% month-over-month to 250,900 units. The six-month trend was nearly flat, reflecting steady construction despite volatility. Year-to-date starts rose 5%, supported by British Columbia and Ontario.

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BoC Pause: Muted Housing Rebound

Home price growth in Canada is expected to slow to around 1%, lower than earlier expectations of about 4%, mainly due to declining condo prices in British Columbia and Ontario.

Housing demand remains weak, with high inventory levels and slower population growth limiting a strong market recovery.

The policy rate is expected to stay at 2.25%, unless unemployment rises significantly above about 7–7.5%.

Mortgage renewal pressure is easing slightly, as stronger income growth and longer amortization periods have helped soften the expected payment shock.

Is Canada’s Housing Slowdown About to Reverse Soon?

National housing activity opened 2026 with sales sliding sharply and new listings rising.

Yet, CREA forecasts ~494,500 home sales in 2026 — a modest ~5% rebound.

TD Economics sees only a muted recovery, not a dramatic rebound.

Balance of risk & reward: Slowing demand + cautious buyers may delay full recovery until late 2026.

BC Home Sales Decline Again

February 2026: 4,516 MLS sales, about one-third below the 10-year February avg of 6,532.
Provincial avg price ↓2.9% yearly to $932,243.
Greater Vancouver sales ↓8.8% to 1,648; Fraser Valley ↓7.6% to 785; Chilliwack ↓31%; Kootenay ↓29.4%.
BCREA says sales ↓ in every region yearly.
Earlier forecast projected 2026 MLS sales ↑10.7% to 80,600 units.

Happy Easter

Easter is a Christian holiday that celebrates the belief in the resurrection of Jesus Christ.However, according to many theologians, Easter originally began before the arrival of Christianity.It is believed that Easter is named after the Anglo-Saxon goddess of the dawn and spring, known as Eostre.Examples of Easter traditions include Easter eggs and related games such as egg rolling and egg decorating.

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