The housing boom that took place in Canada during 2020–2021 was driven by historically low interest rates and pandemic-induced demand. In Toronto, home sales peaked in March 2021 with over 15,000 home sales, more than double the five-year average of 7,000.
CoStar Insight
Homebuyers with mortgages renewing next year face bleak interest rate options
Shift away from fixed rates during housing sales boom may help avoid a mortgage meltdown
CoStar Analytics
November 7, 2025 | 7:14 P.M.
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