The Canadian Real Estate Association recorded 38,421 transactions in May 2026, breaking a pattern that had housing economists writing variations of the same downbeat analysis since January. Sales climbed 8.7% from April and ran 3.9% ahead of May 2025, the first year-over-year gain since last
A one-year fixed mortgage with a 40-year amortization and no lender fees sounds like the setup to a pitch that ends badly. Eclipse's Access+ product is that mortgage. It exists. The gap Eclipse claims to be filling is real enough. Traditional lenders have tightened qualification standards
May delivered 34,891 residential sales across Canadian MLS systems, the first number in 2025 that the Canadian Real Estate Association was willing to call meaningful. Up 5.7% from April. Up 4.6% year over year. The release called it proof the spring market finally arrived. Missing from the
Average asking rents in Canada dropped roughly $100 year-over-year in May, the first time in three years that June hasn't brought the usual pre-summer price surge. Tenants celebrating early should read the fine print. That $100 decline, measured against a national average near $2,100,
Why Higher Mortgage Rates Aren't the Real Problem in B.C. Housing B.C. home sales in May 2026 fell below the 10-year seasonal average by double digits. Fixed mortgage rates are hovering near 5%, unemployment has climbed to 5.5%, and days-on-market are stretching
A six-person tech consultancy in Richmond laid off two contractors in April. The owner isn't panicking yet, but she's stopped looking at condos in Burnaby. That one decision, repeated across thousands of households in the Lower Mainland, is why active listings in Greater Vancouver rose
Gold touched $2,847 per ounce last Tuesday before sliding 4% by Friday's close. That single-week swing captures the pressure facing the S&P/TSX Composite, where materials and energy together still command roughly 30% of index weighting. When commodities retreat, Canadian equities feel it immediately,
Tyler Yates spent a decade as an IT contractor fixing servers in boardrooms across Canada. By 2012, he had done enough client travel for one lifetime. He came home to Sarnia, Ontario, population 70,000, and started asking his friend Nick L'Ecuyer questions about the mortgage on his
The mortgage broker who gets remembered isn't the one who funded the most straightforward deals. It's the one who took the calls no one else returned. Jared Dreyer founded Dreyer Group Mortgages in Surrey, BC in 1992. Three decades and $3 billion in funded mortgages later,
Nobody calls me first. They call me after three brokers have already said no. The self-employed contractor who's been making $180,000 a year for six years but only shows $54,000 on paper. The divorced borrower with a 610 beacon and $340,000 in equity who
The overnight rate sits exactly where the Bank of Canada left it. Again. That steadiness feels like good news, especially if you just finished explaining to a relative why mortgage rates aren't falling as fast as they hoped. But a rate hold isn't a pause button
Selling a house in Canada without a Realtor means keeping roughly 2% to 2.5% of the sale price, the listing agent's cut. On a $750,000 property, that's $15,000 to $18,750 that stays in your pocket at closing. What doesn't stay