housing solutions

  • What builders are innovating in Ontario?

    What builders are innovating in Ontario?

    The Ontario Home Builders’ Association (OHBA) announced the winners of its 2026 Awards of Distinction (AoD).

    The awards recognize excellence across architectural design, room design, image and advertising, on-site sales presentation and renovation.

    The Innovation Award went to a program that could change the traditional homebuying experience: Ironstone Building Company’s Try Before You Buy Program.

    This program allows prospective homeowners to build purchase credits while leasing, allowing the homeowner to build confidence and equity before committing to ownership.

    Menkes Developments Ltd., of Toronto, was awarded Large Volume Builder of the Year. The company holds high distinction across Canada as a high-rise builder and delivered 2,600 suites across five buildings in 2025.

    Amsted Design-Build of Ottawa won Builder of the Year in the small volume category. The builder is applauded for its use of digital marketing to drive its custom home department’s growth.

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  • Midwest and Northeast housing markets hold strong

    Midwest and Northeast housing markets hold strong

    According to Cotality’s October 2026 U.S. home price insights, national single-family home price growth reaccelerated modestly in August, rising 1.8% year-over-year compared to 1.6% in July. This marks the fifth consecutive month of reacceleration in home price growth. The housing market continues to soften, as potential homebuyers pull back in September’s pending home sales.

    According to Cotality’s Chief Economist, Dr. Selma Hepp, the core trend shaping the market is the shift away from the once-booming Sunbelt and West Coast cities toward more affordable, inventory-constrained regions in the Midwest and Northeast.

    “The national housing market shows a clear split between short-term sensitivity to interest rates and long-term supply shortages,” said Hepp. “High mortgage rates continue to suppress transaction volumes, but severe inventory constraints in the Midwest and Northeast are insulating home prices from broader declines and fueling localized appreciation.”

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  • Mortgage rates average 7.28%

    Mortgage rates average 7.28%

    According to Freddie Mac’s Primary Mortgage Market Survey (PMMS), the 30-year fixed-rate mortgage (FRM) averaged 7.28% as of Oct. 1, 2026.

    “With mortgage rates on their current trajectory, the housing market continues to be supported by favorable economic conditions,” said Sam Khater, Freddie Mac’s Chief Economist.

    The current 30-year FRM averaged 7.28%, up from 7.03% the previous week. A year ago at this time, the 30-year FRM averaged 6.34%. The 15-year FRM averaged 6.60%, up from 6.42% the previous week. A year ago at this time, the 15-year FRM averaged 5.55%.

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  • Housing market could stabilize within 5 years

    Housing market could stabilize within 5 years

    According to Redfin, housing costs could stabilize within the next five years if mortgage rates fall to 6% and home price growth remains steady. On the other end, the housing economy could stabilize at a slightly longer rate, six years, if mortgage rates remain the same, at about 7.5%, and home price growth flattens.

    “Many house hunters feel stuck between two bad options: Stretch themselves to buy at today’s rates or wait for lower rates only to see prices climb further out of reach,” said Redfin Senior Economist Asad Khan. “But prospective buyers shouldn’t get hung up on timing the market. These hypothetical scenarios should give would-be buyers and sellers some hope that the market can normalize with only modest changes in rates or prices.”

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