10/14/2026
Buying slowed. Leasing picked up. What’s behind the split?
This week’s Markets in Minutes looks at higher US mortgage rates, apartment demand catching up to supply, cautious GTA buyers and improving Canadian commercial leasing.
Looking beyond the headlines means asking where these changes are happening—and what’s driving them.
Swipe for four stories worth understanding.
General information only; not investment or tax advice.
The average US 30-year fixed mortgage rate reached 7.40%, up from the previous week.
Why it matters: Higher borrowing costs can put purchases on hold and keep households renting longer.
Source: Freddie Mac
RealPage estimates 304,800 apartments were absorbed over the year ending Q3, compared with 318,000 completed.
Why it matters: The gap is narrowing, but markets with lots of new apartments still face pressure on rents.
Source: RealPage
September home sales fell 9% year over year, while benchmark prices declined 4.7%.
Why it matters: Softer prices haven’t brought buyers back in force. Confidence and affordability still shape the decision to move.
Source: TRREB
Occupied office space grew by 2 million sq. ft. in Q3. Industrial space grew by 10.3 million sq. ft.
Why it matters: Leasing improved, but the details count: office demand favoured premium buildings, while industrial tenants largely took existing space.
Source: CBRE Canada — Office & CBRE Canada — Industrial