Sammy Hudes, The Canadian Press

Sammy Hudes is a reporter with The Canadian Press, a national news agency headquartered in Toronto and founded in 1917.

Economic Indicators

Home sales expected to rebound as rate cuts begin, but experts urge caution

Meanwhile, asking rents jumped 8.6% in December to hit record $2,178

By Sammy Hudes, The Canadian Press |January 15, 2024

1 min read

Economic Indicators

Housing market could rebound in 2024: economists

Price declines were mainly an Ontario phenomenon, but home prices were softening in the Fraser Valley, Winnipeg and Halifax

By Sammy Hudes, The Canadian Press |January 8, 2024

1 min read

Market Insights

Greater Toronto home sales for December rise as board expects rebound in 2024

Average home price was up 3% year over year

By Sammy Hudes, The Canadian Press |January 4, 2024

1 min read

Economic Indicators

Vancouver closes out 2023 with higher home sales

Region saw 1,345 homes changed hands in December, with average price of $1,168,700

By Sammy Hudes, The Canadian Press |January 3, 2024

1 min read

Industry

RBC’s takeover of HSBC Canada means less competition on mortgage rates: expert

The finance minister approved the transaction, with conditions

By Sammy Hudes, The Canadian Press |December 22, 2023

1 min read

Economic Indicators

Retail sales increase 0.6% in September

Early estimates also suggest retail sales increased 0.8% in October

By Sammy Hudes, The Canadian Press |November 24, 2023

1 min read

Policy

More seniors choosing to age in home: CMHC report

Seniors living longer may reduce the need for downsizing

By Sammy Hudes, The Canadian Press |November 15, 2023

1 min read

Economic Indicators

Home sales slow in October as buyers hibernate early

The national average home price rose 1.8% year-over-year to $656,625

By Sammy Hudes, The Canadian Press |November 15, 2023

1 min read

Economic Indicators

Average Canadian rent price hits new high in October

9.9% year-over-year increase is sixth consecutive monthly record high

By Sammy Hudes, The Canadian Press |November 13, 2023

1 min read

Economic Indicators

Greater Toronto home sales drop 5.8% in October amid high borrowing costs

Still, the average home price rose 3.5% year over year

By Sammy Hudes, The Canadian Press |November 2, 2023

1 min read

Economic Indicators

OSFI response to mortgage proposals will please industry: expert

Real estate industry is likely breathing a sigh of relief that Canada's banking regulator may not move ahead with lending tightening

By Sammy Hudes, The Canadian Press |October 18, 2023

1 min read

Economic Indicators

Association cuts forecast for home sales, prices this year

Canadian Real Estate Association expects a nearly 10% drop in the number of residential properties to trade hands compared with 2022

By Sammy Hudes, The Canadian Press |October 13, 2023

1 min read

Economic Indicators

Royal LePage downgrades Q4 housing price forecast

The decrease reflects a sluggish third quarter

By Sammy Hudes, The Canadian Press |October 12, 2023

1 min read

Market Insights

Toronto home sales drop 7% in September, while Vancouver market more balanced

TD Economics expects declines in sales and prices into 2024 across most regions

By Sammy Hudes, The Canadian Press and Staff |October 4, 2023

1 min read

Economic Indicators

Survey shows employers, workers might be aligning on hybrid work

Companies have now spent years ensuring employees can complete their duties both in-office and remotely

By Sammy Hudes, The Canadian Press |August 14, 2023

1 min read

Economic Indicators

BoC highlights risk of bank sector stresses, high household debt

Transition to higher interest rates creates risk, the central bank governor said

By Sammy Hudes, The Canadian Press |May 18, 2023

1 min read

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