Canada

Canadian home sales rose in June at the fastest pace this year, led by a 17% surge in Toronto, a sign the market may be regaining strength.

Vancouver's housing market showed continued signs of weakness in June, as affordability worries curb demand from buyers.

Toronto home sales jumped the most in more than a decade last month, a sign that Canada's biggest housing market is rebounding from the chill brought on by tighter lending regulations and higher borrowing costs in the past few months.

Canada's home sales were little changed in May, suggesting the residential real estate market is stabilizing after seeing large declines earlier this year.

While unprecedented debt levels pose risks, lenders say there won’t be any major upset to the economy for a number of reasons, including the view Bank of Canada won’t press ahead with higher rates if signs of stress emerge.

Bank of Montreal is wooing homebuyers with a variable mortgage rate with the biggest discount ever by a large Canadian bank, according to one market watcher.

An economic revival in Canada's second-biggest city is fueling a real estate renaissance, speeding up sales, shrinking inventories and luring foreign buyers.

Canada's big banks don't seem keen to follow Toronto-Dominion Bank's lead on mortgage hikes – at least not all the way.

Canada's mortgage growth has fallen to the lowest in nearly two decades as interest rates rise and after new mortgage rules took effect at the start of the year.

Toronto-Dominion Bank has lifted its posted rate for five-year fixed mortgages by 45 basis points to 5.59% as Canadian government bond yields touched their highest levels since 2011 this week.

Toronto home sales are still depressed as the market continues to adjust to tougher mortgage qualifications and rising interest rates, though prices show signs of stabilization.

Foreign inflows are distorting Canada's already constrained housing market and aren't the kind of investment the country needs, the chief executive officer of Royal Bank of Canada said.

Canadians are borrowing against their houses at the fastest pace in more than five years, as home equity lines of credit emerge as a preferred means of accessing funds.

The only thing that might be colder than Toronto in January is the city's housing market.

Toronto's housing market continues to cool as prices fell last month and the supply of homes for sale spiked ahead of new stress-test rules that went into effect this week.

The risk to Canada's financial system from tapped-out borrowers is merely shifting — this time to a market where there's no oversight from the country's national bank regulator and new stress-test rules don't apply.

Canada's largest housing market continues to see prices fall amid a widening pool of homes for sale, though there are signs the correction is beginning to lure in some new buyers.

Toronto-area land prices have gotten so high that developers are struggling to build new homes that people can afford.

Canada's banking regulator released final rules that will make it tougher for borrowers to take on uninsured mortgages, adding to a growing list of measures to rein in the nation's housing markets.

Toronto housing prices fell for a fourth month in September as sales remained sluggish, particularly in the detached-home segment that has borne the brunt of the correction in Canada's biggest city.