A new survey suggests a little more than half of potential first-time homebuyers are interested in using a first home savings account, even though they don't know much about it.

Real estate experts say the Bank of Canada's decision to hold interest rates at five per cent is a positive sign for mortgage holders with loans tied to prime interest rates, though the high cost of borrowing will remain a challenge.

Every week now for more than a month, cabinet ministers have been appearing in front of cameras on Parliament Hill in an effort to convince Canadians that the Liberal government has the housing crisis in hand.

Home sales are falling in the Greater Toronto Area and an analyst with the city’s real estate board says prices are far from peak levels as the housing market adjusts to high interest rates.

Greater Toronto home sales fell six per cent last month compared with November 2022 despite an influx in new listings, as high borrowing costs and uncertain economic conditions persisted.

Conditions in Ontario’s housing market have deteriorated to the loosest levels in over a decade, according to a report from TD Economics which warns of risk that market conditions could unravel even further.