AGENT LICENSE ID
M21000893
BROKERAGE LICENSE ID
11707
Melinda Baker
Mortgage Broker
Office:
Phone:
Address:
1370 Kilarney Beach Road Box 190, Lefroy, Ontario, L0L1W0
Welcome,
Take a look around and if you have any questions please reach out.
Text for an appointment 705-220-1608
Melinda
BLOG / NEWS Updates
CMHC: 2025 Year-In-Review
From CMHC
Structural barriers continue to slow progress
Policies on funding, zoning reform and the Housing Accelerator Fund have contributed to progress on housing. However, delivery remains slow due to structural barriers like long permitting times and inconsistent zoning, even as policy momentum builds. Innovation and scaling in private and non-profit sectors are crucial to boosting productivity.
Canada must double housing starts annually by 2035 to close the supply gap. While momentum is growing, bold action and stronger coordination are needed to turn plans into results.
Canadas housing delivery system
Even with incentives, Canadas build pipeline is slow to respond. There are signs of progress in some markets like Montral and Ottawa, but system-wide barriers remain. To accelerate delivery and close the supply gap, we need faster approvals, modernized permitting, better municipal data and scalable innovation in construction. Scale remains a key challenge across much of the construction sector.
Shifts in housing starts and rental markets
Housing starts were strong early in 2025 but slowed down later in the year. Toronto and Vancouver were hit hardest, with year-over-year numbers going down. Among key reasons for the slow-down were high interest rates, labour and material shortages, developer uncertainty and the cancellation of marginal projects. Meanwhile, starts remained strong in Alberta.
2025 saw the first meaningful easing in rental conditions but affordability remains tight. Rental market indicators are moving in the right direction overall, with vacancy rates going up and rent growth slowing, showing that the market is balancing out. However, we need to consider sustaining the market and rental supply in the long term.
https://www.cmhc-schl.gc.ca/observer/2026/2025-year-in-review
NBC Housing Market Monitor: Home sales remained flat in November
Home sales remained relatively flat (-0.6%) from October to November at the national level following a marginal 0.9% gain the previous month.
New listings declined by 1.6% from October to November, a third consecutive decline.
Active listings edged down by 0.6% in November as cancelled listings remained elevated despite a moderation in the previous months.
Market conditions remained unchanged during the month and continued to indicate a balanced market compared to the historical average. Still, the balanced market conditions at the national level largely reflect soft conditions in Ontario and B.C., while markets in all other provinces continue to favour sellers.
Housing starts rose by 21.8K from 232.2K in October to 254.1K in November (seasonally adjusted and annualized). This increase offsets some of the 48.4K decline seen in October and brings starts above consensus expectation of 250.0K. Increases in housing starts were seen in Toronto (+7.0K to 23.7K), Montreal (+5.4K to 39.1K), and Vancouver (+9.1K to 28.5K), while Calgary (-6.8K to 29.2K) registered a decline.
The TeranetNational Bank Composite National House Price Index rose 0.4% between October and November after seasonal adjustment, marking a fourth consecutive increase for this indicator. Six of the eleven CMAs included in the index recorded increases: Halifax (+1.3%), Montreal (+1.2%), Toronto (+0.6%), Calgary (+0.3%), Victoria (+0.2%) and Vancouver (+0.1%). Prices remained stable in Hamilton and Winnipeg, while they declined in Quebec City (-0.2%), Edmonton (-0.4%) and Ottawa-Gatineau (-0.7%).
https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/logement/economic-news-resale-market.pdf
CREA: Canadian Home Sales Holding Steady Heading into 2026
The number of home sales recorded over Canadian MLS Systems declined 0.6% on a month-over-month basis in November 2025, still well above April levels but mostly unchanged since July.
At this point its looking like the mid-year rally in housing demand has veered into more of a holding pattern heading into 2026, coupled with what looks like some price concessions in November in order to get deals done before the end of the year, said Shaun Cathcart, CREAs Senior Economist. That said, the Bank of Canadas clear signal that rates are now about as good as theyre likely going to get is the green light many fixed-rate borrowers have no doubt been waiting for, so we remain of the view that activity will continue to pick up next year.
November Highlights:
National home sales declined 0.6% month-over-month.
Actual (not seasonally adjusted) monthly activity came in 10.7% below November 2024.
The number of newly listed properties declined 1.6% on a month-over-month basis.
The MLS Home Price Index (HPI) dipped 0.4% month-over-month and was down 3.7% on a year-over-year basis.
The actual (not seasonally adjusted) national average sale price was down 2% on a year-over-year basis.
New supply declined 1.6% month-over-month in November. Combined with a smaller decrease in sales activity, the sales-to-new listings ratio tightened to 52.7% compared to 52.2% in October. The long-term average for the national sales-to-new listings ratio is 54.9%, with readings roughly between 45% and 65% generally consistent with balanced housing market conditions.
https://www.crea.ca/media-hub/news/canadian-home-sales-mark-four-year-high-for-the-month-of-september-2-2/
