Canada is facing a big housing shortage. Experts are studying the real estate market to guess future home prices. A report by the Canada Mortgage and Housing Corporation (CMHC) says Canada needs 3.5 million more homes by 2030 to be affordable for everyone.

The Canadian real estate market is changing fast. Many wonder if Canada is heading for a housing bubble in 2024. The 2024 UBS Global Real Estate Bubble Index report shows Toronto, Canada's biggest city, is at risk. It ranked fifth globally for housing bubble risk, with a score of 1.03 in 2024, down from 1.21 in 2023.

The Canadian housing market has seen huge price jumps in recent years. Home prices have gone up by as much as 375% over the last two decades. Despite the market's stability, worries about a crash or bubble burst are growing.

Key Take...

The Canadian housing market has seen huge price jumps in recent years. Home prices have gone up by as much as 375% over the last two decades. Despite the market's stability, worries about a crash or bubble burst are growing.

Key Take...

Choosing between renting and buying a home is a big decision. It affects your money, lifestyle, and future plans. Each option has its own good points and challenges. Your choice depends on your personal situation, what you like, and what matters most to you.

If you own a home in Canada and need to sell it quickly, you should know the costs. Selling early can lead to big financial hits. These include mortgage penalties, capital gains taxes, and double closing costs.