Canadian Housing Starts (May 2026)

Canadian housing starts decreased 6 per cent from the previous month, totaling 261,377 units in May at a seasonally adjusted annual rate (SAAR). Starts were down 6 per cent from the same month last year (SAAR). In areas with 10,000 or more residents, single-detached housing starts were largely uncha

Sales Struggle Against a Weak Economy and Rising Mortgage Rates

The British Columbia Real Estate Association (BCREA) reports that 6,790 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in May 2026, down 2 per cent from May 2025. The average MLS® residential price in BC in May 2026 was down 1.4 per cent at $945,878 compared to $959

Bank of Canada Interest Rate Announcement – June 10, 2026

The Bank of Canada maintained its overnight policy rate at 2.25 per cent this morning. In the statement accompanying the decision, the Bank noted a dampening of economic conditions since its most recent projections in April, citing weakness in government spending, housing activity, and business inve