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.

Economy

Home prices expected to climb 4.9% in 2024 as sales rise last month: CREA

March home sales, average price also up from a year ago

By Sammy Hudes, The Canadian Press |April 12, 2024

2 min read

Economic Indicators

Spring housing market surge unlikely, industry watchers say

Affordability, cost of living still weighing on buyers, even as rate cuts appear imminent

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

4 min read

Market Insights

Home prices could reach peak levels by next year, set new highs in 2026: CMHC

Declining mortgage rates, strong population growth will help spur a rebound in sales and prices

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

2 min read

Industry

Open banking recommended to bolster competition

The Competition Bureau says adopting open banking could help new service providers

By Sammy Hudes, The Canadian Press |March 22, 2024

3 min read

Regulation

FSRA pegs ‘stranded’ pension plans at more than $3 billion

Regulator says there are almost 200,000 pension plan members in the province who have lost track of their plans

By Sammy Hudes, The Canadian Press |February 29, 2024

3 min read

Economic Indicators

Strong start to home sales in 2024 unlikely to delay BoC rate cuts: economists

The average Toronto home price dropped 1% from the same time last year

By Sammy Hudes, The Canadian Press |February 6, 2024

3 min read

Economic Indicators

Rent prices soared in 2023, CMHC reports

National vacancy rate is lowest on record since the Canada Mortgage and Housing Corp. began tracking that data in 1988

By Sammy Hudes, The Canadian Press |January 31, 2024

3 min read

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

4 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

4 min read

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