A May 2024 Edge Realty Analytics report has highlighted some concerns about inventory surges in Canada this April. The latest housing data reveals a notable surge in resale inventory across Canada, signalling a significant shift in market dynamics. 

In April, the seasonally adjusted active listings rose by 6.5% month-over-month (m/m), marking the largest monthly increase since June 2022. This surge...

On June 11, 2024, Mortgage Professionals Canada (MPC) released the results of their Semi-Annual State of the Housing Market Report. This survey highlights growing anxiety among mortgage consumers, especially about the financial implications of renewing mortgages at potentially higher interest rates.

Increasing Financial Anxiety Among Canadians

Based on responses from over 2,000 Canadians, the survey...

In March, residential mortgage debt in Canada increased by 0.3% compared to the previous month (when adjusted for seasonal variations). On a year-over-year basis, mortgage debt rose by 3.4%. This annual growth rate is the slowest Canada has seen since the year 2000.

For non-mortgage consumer lending, there was a 0.4% rise in March. This increase was primarily driven by a significant 1.1% growth in credit...