AGENT LICENSE ID
M08004751
BROKERAGE LICENSE ID
11995
Vince Sacino
Mortgage Agent
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201-10815 Yonge St, Richmond Hill, Ontario, L4C 3E3
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BLOG / NEWS Updates
CREA: Canadian Home Sales Continue to Climb in July, National Benchmark Price Remains Steady
The number of home sales recorded over Canadian MLS Systems climbed 3.8% on a month-over-month basis in July 2025. Building on gains recorded over the previous three months, transactions are now up a cumulative 11.2% since March.
The July increase in home sales was again led overwhelmingly by the Greater Toronto Area (GTA), where transactions, while still historically low, have now rebounded a cumulative 35.5% since March.
With sales posting a fourth consecutive increase in July, and almost 4% at that, the long-anticipated post-inflation crisis pickup in housing seems to have finally arrived, said Shaun Cathcart, CREAs Senior Economist. Looking ahead a little bit, it will be interesting to see how buyers react to the burst of new supply that typically shows up in the first half of September.
July Highlights:
National home sales were up 3.8% month-over-month.
Actual (not seasonally adjusted) monthly activity came in 6.6% above July 2024.
The number of newly listed properties was unchanged (+0.1%) on a month-over-month basis.
The MLS Home Price Index (HPI) was unchanged month-over-month and was down 3.4% on a year-over-year basis.
The actual (not seasonally adjusted) national average sale price edged up 0.6% on a year-over-year basis.
https://stats.crea.ca/en-CA/
CMHC: Accelerating rental supply: encouraging development while safeguarding tenants
From CMHC
Getting more rental housing built requires a balance between increasing returns to investors and protecting tenants. But tighter rent control is often not the solution.
Addressing housing affordability is critical for Canada. Owning a home has become so expensive in some cities that renting has become the only viable option for many. Over recent years weve had low vacancy rates, and tenants moving to new units see sharp rent increases. We need a substantial and sustained increase in the supply of rental units over the long term.
Many, however, express misgivings about private-sector involvement. They are concerned that private landlords may charge higher rents or take advantage of their tenants. Government-supplied rental units or rent control are seen as solutions. Are these concerns valid and are solutions appropriate? What can be learned from research on increasing private-sector rental supply while protecting tenants?
Our research found no firm evidence that private-sector ownership led to undue increases in rents. In addition, the international literature suggests that rent control risks lowering housing supply in the long term. Based on recent surveys, the annual eviction rate for renters in Canada is estimated at between 1% and 3%. Having effective tenant protection is important, balanced with harnessing private-sector investment in the rental sector.
https://www.cmhc-schl.gc.ca/observer/2025/accelerating-rental-supply-incentivizing-development-safeguarding-tenants
TD: The Curious Case of Young Families’ Shrinking Mortgages
Statistics Canadas Distributions of Household Economic Accounts (DHEA) contains a treasure chest of interesting facts and figures on the financial position of households. One trend that stood out for several quarters now is the steady decline in average mortgage balances of young families, even as mortgage debt has continued to rise for all other age groups.
Since the peak in Q3 2022, average mortgage balances among households where the primary earner is under 35 years of age have fallen by $15.5k. Compared to Q1 2023, the reduction stands at $11k. Over the same period, mortgage balances increased by $18k for households aged 55-64 and by $4k for those aged 65 and older.
The drop among younger borrowers appears to be at least partly explained by a decline in young people entering the housing market or opting for less expensive homes due to affordability challenges. Household formation in this age group has surged, growing at 2.5 times faster than other age groups in the last two years yet many of these new households remain renters. According to Statistics Canada 2024 Canadian Social Survey more than half of young people reporting being very concerned about their ability to afford housing. Home ownership remains elusive for younger generations with 35% of young adults renting, compared to 23% of older aged group.
https://economics.td.com/ca-young-families-shrinking-mortgage
