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10/16/2026

OTTAWA, Oct 16 (Reuters) - Canadian home sales extended their decline in September, after a ‌drop in August, as higher mortgage rates and ‌expectations of a Bank of Canada rate hike dampened activity, the Canadian ​Real Estate Association said in its monthly note on Friday.

National home sales declined 2.3% month-over-month in September following a drop of 0.7% in August.

Sales were down ‌7.7% on an ⁠annual basis, without seasonal adjustment.

The industry group's Home Price Index was down 0.4% on ⁠a monthly basis and was down 3.4% from a year ago.

After a rebound in August, the number of ​newly listed ​properties fell by 1.8% ​on a month-over-month basis.

‌The seasonally adjusted sales-to-new listings ratio for residential category slipped to 48.8% from 49.1% in August, moving further below the long-term average of 54.7%.
"This was hardly surprising given the latest jump in fixed mortgage rates, and with the ‌Bank of Canada now widely expected to ​follow with a rate hike ​before the end of ​the year," said Shaun Cathcart, CREA's senior ‌economist said in a note ​about the ​drop in home sales.

The BoC is not expected to raise interest rates at its next monetary ​policy decision announcements ‌on October 28, but money markets are pricing ​in a rate hike of 25 basis points ​in December.

50 years ago, about 62% of Canadian households owned their home. In the US it was about 65%.Today the two countries are ...
10/01/2026

50 years ago, about 62% of Canadian households owned their home. In the US it was about 65%.

Today the two countries are almost even: 66.5% in Canada and 65.0% in the US.

What happened in between explains a lot about where housing is going.

Both countries peaked at the same level, 69%, but seven years apart.

🇺🇸 The US peaked in 2004, crashed after 2008, and bottomed at 63.4% in 2016.
🇨🇦 Canada kept climbing until 2011, while cheap credit and rising prices carried buyers forward.

Since then, renting has been winning.

From 2011 to 2021, the number of renter households in Canada grew more than twice as fast as the number of owner households.

The biggest drop was among young buyers. Ownership for Canadians aged 25–29 fell from 44% to 36.5%. In the US, it's about 35% for people under 35.

The headline rate hides the real story. It counts households, not people. Young adults still living with their parents don't show up in it at all.

Homeownership isn't collapsing. It's getting older and harder to start.

The first purchase is now the hardest step. Do you think the next generation catches up?

09/15/2026

Times have changed since the national purpose-built rental vacancy rate dipped to 1.5 per cent in 2023. In fact, a panel of real estate executives at the Canadian Apartment Investment Conference this week debated whether Canada is building almost too many units now.

09/02/2026

Bank of Canada Keeps Rate on Hold at 2.25%

The Bank of Canada held its policy interest rate at 2.25% in its September 2, 2026 decision, citing persistent inflation risks, ongoing Middle East conflict, and trade uncertainty.

Decision details
Overnight rate target: 2.25% (unchanged)

Bank Rate: 2.50%

Deposit Rate: 2.20%
Forex Factory
Forex Factory

This was the same level as in July 2026, with no change since the previous decision

09/02/2026

Across Canada, a historic battle over the future of the single-fami...

09/01/2026

All Over The World Long-Term Government Bond Yields Rise: This Is NOT Good

It's impact on Canadian Mortgages is muted as we use Short-term Government Bonds to price our Mortgages

But the main theme of higher debt cost is inescapable

If it keeps going the damage spreads

Soon, Americans who price there 25 & 30 year mortgages from Long Bonds will wake up to Mortgage Rates over 7%

Their housing market will slow further & President Trump will scream for lower rates

But even a US President can't fix Bond Yields without Quantitative Easing

In Canada the effect seeps through to our short-term Bond Yields eventually moving up Fixed Mortgage rates

As of this morning our 5 - Yr Bond Yield has risen 4.5% in the last 7 days

No Buenos

At this pace in a few weeks all Fixed Mortgage Rates will start with a 4%

And some Fixed Rates will be Mid 4%

Some Borrowers renewing Rental Properties will have to pay 4.39% to 4.69% just for a 3 - Yr Fixed

Perhaps the most impactful outcome will be if a 3 - Yr Fixed slips over 5%

What about Variable Rates?

They will become MORE popular

At an average of 55 BPS less than Fixed Rates Variable has continued to surge in popularity

Imagine an 80 or 100 BPS difference

What if:

3 - Yr Fixed 4.59%
5 - Yr Variable 3.60%

Variable use goes to 75% from today's 40%

Will that happen?

It's about a 50/50 chance

BTW

This has happened BEFORE

In 2022 Mortgage Borrowers piled into Variable Mortgages as Fixed Rates climbed steadily in late 2021 & early 2022

Then the Bank Of Canada Raised Rates from 0.25% to 4.25% by the end of 2022

History doesn't repeat

But it rhymes

-Ron

Call Butler Mortgage TODAY for more information and insight into this ever-changing market! We are here to help!
1-877-568-9255

08/29/2026
08/25/2026

Yeap it is all Americans and Trump fault that some cities running out of tax revenues and people cannot afford their taxes. Imagine what will happen after retaliatory tariffs and all this drama... Oh boy.. keep printing money and taxing regular people - the sky is a limit..

‘It’s tragic, it’s scary’: Unpaid property taxes climb to $38 million in Cambridge.

Unpaid property taxes and related fees in Cambridge have ballooned to $38 million, nearly doubling over the past five years and drawing concern from a city councillor over mounting financial pressure.

The issue was brought to light following a motion by Coun. Helen Shwery last month, who pushed for a closer look at the tax arrears. According to a staff report, the total amount owed now stretches across more than 6,000 properties in the city.

“We haven’t collected 38 million. That’s a lot of money,” Shwery said. “So it is, it’s tragic, it’s scary.”

How much of that total is owed by residential homeowners versus local businesses is unknown.

“We are not able to provide a breakdown between residential and non-residential tax arrears,” city staff said, in part, in a statement.

Shwery said it’s because current software doesn’t have the ability to get that breakdown. She said the city is currently upgrading its systems so that data will be available by the next budget cycle.

“And that’s also very important because say for example the bulk of it is business,” Shwery said. “What are we doing to help our businesses? Why are the businesses struggling?”

Julie Simmons, an associate professor of political science at the University of Guelph, said that households and businesses are feeling a severe financial squeeze due to current economic conditions.

“And there also might be families or businesses that are negatively affected by the tariff situation with the United States,” she said.

Mayor Jan Liggett echoed that in a statement to CTV News:

“Tariffs that in the end affect employment, rising interest rates in recent years, inflationary pressures, and the increasing cost of everyday necessities have made it more difficult for many households and businesses to balance their finances.”

If municipal revenue continues to face shortfalls, Simmons warned that non-essential city services could eventually find themselves vulnerable during budget talks.

“It could be things like landscaping priorities, public parks, community centre infrastructure, [and] library services. Which would be, I think, the most vulnerable, because those are not essential things for the city to function,” she said.

The prospect of potential budget impacts has Shwery weary about the city’s spending.

“If we don’t have so much money, maybe we need to be more restrained on our wants,” Shwery said. “Our needs can always be covered because we do collect a lot of revenue and a lot of taxes.”

The City of Cambridge notes that under provincial rules, properties falling far behind on payments can eventually face collection actions. In a statement, the city outlined:

“Under the Municipal Act, 2001, the City may initiate tax registration proceedings when property taxes remain unpaid for at least two years prior to the current year. This process begins with the registration of a Tax Arrears Certificate against the property... [providing] the City with the authority to sell the property if all outstanding taxes, penalties, interest, and legal costs incurred by the City are not paid within one year of registration.”

The report goes before Cambridge City Council for information on Tuesday.

Meantime, the city’s mayor urges anyone struggling to pay to contact the municipal tax department to discuss payment options."

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