Real Estate News & Articles

3/1/2024 | Posted in Toronto News by Kim O'Connell
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Toronto is extending its vacant home tax declaration deadline, giving homeowners two more weeks to submit their occupancy status or face a fee. ... More

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2/29/2024 | Posted in Canada Living by Kim O'Connell
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The cost of living in Toronto went up nearly 20 per cent between 2017 and 2022 – but that’s less than half the increase seen in the city’s housing prices over ... More

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2/29/2024 | Posted in Canadian Housing Market Predictions by Kim O'Connell
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Home prices in Canada are forecast to gain a bit this year and rise further in 2025 on relentless demand for housing amid scant new supply and prospects for interest rate cuts ... More

Real Estate & Mortgage News

2/28/2024 | Posted in Interest Rates by Kim O'Connell
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Could Canada’s headline inflation rate reach the neutral target of 2% by this summer, a full year sooner than the Bank of Canada’s own forecasts? ... More

Real Estate & Mortgage News

2/27/2024 | Posted in Home Buyers by Kim O'Connell
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One third of Canadians are considering alternative home ownership models, a new survey has found, as purchasing a home remains out of reach amid an ongoing affordability crunch. ... More

Real Estate & Mortgage News

2/22/2024 | Posted in Canadian Housing Market by Kim O'Connell
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The purchasing power of buyers with a $1 million budget searching for a home in Canada will widely vary depending on the city they are shopping in with those in Toronto getting ... More

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2/22/2024 | Posted in Ontario Real Estate by Kim O'Connell
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Discrepancy debunks notion that construction industry is 'sitting on supply,' say developers ... More

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2/20/2024 | Posted in Canadian Economy and Interest Rates by Kim O'Connell
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Canadian consumer prices eased at the start of this year, with progress on underlying pressures likely to give the Bank of Canada more room to start considering rate cuts in the ... More

Real Estate & Mortgage News

2/15/2024 | Posted in Rental Market by Kim O'Connell
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The average asking price for rent in Canada reached $2,196 in January, a 10 per cent increase from this time last year — marking another record high amid a deepening rental ... More

Real Estate & Mortgage News

2/14/2024 | Posted in Canadian Housing Market by Kim O'Connell
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Following a weak second half of 2023, home sales over the last two months are showing signs of recovery, according to the latest data from the Canadian Real Estate Association ... More

Real Estate & Mortgage News

2/12/2024 | Posted in GTA Real Estate by Kim O'Connell
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Canada is seeing “early signs” of a housing market upturn and Toronto could see prices bottom out this spring, a recent report from the Royal Bank of Canada says. ... More

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2/10/2024 | Posted in Interest Rates by Kim O'Connell
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BoC's cash-management tool reboot suggests no easing on the horizon, surprising markets ... More

Real Estate & Mortgage News

2/9/2024 | Posted in Canadian Economy and Interest Rates by Kim O'Connell
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Today's employment report for January, in which the unemployment rate ticked down, has caused bond markets and economist to further reel-in their rate-cut forecasts for the ... More

Real Estate & Mortgage News

2/8/2024 | Posted in Commercial Real Estate by Kim O'Connell
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Avison Young has released its Q1 Canadian cap rate and investment trends report, forecasting that although lenders will remain conservative in 2024, capital from lenders remains ... More

Real Estate & Mortgage News

2/6/2024 | Posted in GTA Real Estate by Kim O'Connell
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Home sales were up in January 2024 in comparison to January 2023. This annual increase came as some homebuyers started to benefit from lower borrowing costs associated with fixed ... More

Real Estate & Mortgage News

2/6/2024 | Posted in Canada Living by Kim O'Connell
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A new report published today reveals that the burden on buyers from provincial governments’ billions of dollars in levies and development fees on new construction, and ... More

Real Estate & Mortgage News

2/6/2024 | Posted in Financial Health by Kim O'Connell
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Further analysis of the latest Canadian insolvency stats reveal some revealing elements that typically connect those whose finances have got too much for them. ... More

Real Estate & Mortgage News

2/5/2024 | Posted in Canadian Economy and Interest Rates by Kim O'Connell
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Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by April. ... More

Real Estate & Mortgage News

2/4/2024 | Posted in Foreign Buyers by Kim O'Connell
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The federal government today announced a two-year extension to its foreign buyer ban in what it says is an effort to make housing more affordable for Canadians. ... More

Real Estate & Mortgage News

2/3/2024 | Posted in Interest Rates by Kim O'Connell
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After a short-lived upswing in bond yields last month that nudged some fixed mortgage rates higher, lenders are once again bringing them back down. ... More

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1/31/2024 | Posted in Rental Market by Kim O'Connell
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Condominium apartment leasing activity continued to be strong in the fourth quarter of 2023 according to the latest data released by TRREB. The number of lease transactions ... More

Real Estate & Mortgage News

1/31/2024 | Posted in Rental Market by Kim O'Connell
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Rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record since the Canada Mortgage and Housing ... More

Real Estate & Mortgage News

1/31/2024 | Posted in Canadian Economy and Interest Rates by Kim O'Connell
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Canada’s economy outperformed growth expectations to end the year, which means the Bank of Canada could feel less pressure to start cutting rates in the near term, ... More

Real Estate & Mortgage News

1/29/2024 | Posted in Canadian Housing Market by Kim O'Connell
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Stability is expected to return to the country’s housing market this year as interest rates ease, but homeowners shouldn’t expect a return to the ... More

Real Estate & Mortgage News

1/25/2024 | Posted in Mortgages and Real Estate by Kim O'Connell
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Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022. ... More

Real Estate & Mortgage News

1/24/2024 | Posted in Canadian Economy and Interest Rates by Kim O'Connell
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The Bank of Canada has left its policy rate unchanged in its first announcement of the year, keeping rates where they are for a fourth straight decision but giving little ... More

Real Estate & Mortgage News

1/22/2024 | Posted in Canada Living by Kim O'Connell
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Canada’s pace of population growth continues to set records as the country brings in a historic number of temporary residents, largely through international student and ... More

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