What Happened to Canadian Real Estate This Year and What to Expect in 2019 + MORE Dec 24th

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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What’s the best way of using your home equity during retirement? + MORE Nov 10th

Mortgages in Canada can be a murky subject - one that we hope to shed some light on with a series of highly informational articles. High Mortgage Volumes Helped Drive Q3 Results for First National And Equitable Bank - canadianmortgagetrends.comStrong mortgage volumes throughout the year helpe.... More »

How much real estate should you have in a balanced portfolio? + MORE May 7th

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The Latest in Mortgage News – 2019 Forecasts

– canadianmortgagetrends.com

We’re about to turn the page on what was a challenging year for the mortgage and housing markets. But so far 2019 isn’t looking like it will be much better. That’s according to a slew of forecasts that have been released recently, most of which forecast moderating home sales, falling home prices and weaker economic […]

Continue Reading On canadianmortgagetrends.com »

What Happened to Canadian Real Estate This Year and What to Expect in 2019
Whereas 2017 was the all-encompassing epitome of red-hot real estate markets across the country, 2018 started off on a quieter note. The year kicked off with a decline in sales, as changes to the Residential Mortgage Underwriting Practices and Procedures (referred to as B20) introduced by the Office of the Superintendent of Financial Institutions (OSFI) came into effect in on January 1. And eventually sales stabilized, but we’re still not seeing those record gains and prices that made prominent headlines back in 2017.
Now, this doesn’t mean that the Canadian real estate market is going through a correction; it simply shows how the public reacted to new provincial and municipal housing policies that were meant to stabilize the market anyway.
For potential home buyers who have been on the edge of their seats these past few years, these shifts in the market may be hard to digest. Let’s take a look back on the past year and understand what 2019 may bring.
What did home sales data look like throughout 2018?
Back in March, the Canadian Real Estate Association (CREA) reported that sales volume had dropped in February by 16…

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