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Home Buyers Remain Cautious Amid Increasing Spring Listings

5/15/2024 | Posted in Canadian Housing Market by Jessi Sandhu

Canadian home sales dipped in April 2024 when compared to March, even as the number of properties available for sale rose to kick off the spring market.

... More


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April asking rent prices up 9.3% across Canada; as Ontario sees only decline: report

5/10/2024 | Posted in Rental Market by Jessi Sandhu

The average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first ... More


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Cranes Are... Dropping? UrbanToronto Reports the Crane Count for Q1 2024

5/2/2024 | Posted in New Developments by Jessi Sandhu

As of the beginning of April, 2024, 324 cranes towered over the skies of the Greater Toronto and Hamilton Area (GTHA), representing a slight, but persistent, downward ... More


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Parental wealth boosts young Canadians' home ownership

5/2/2024 | Posted in Canada Living by Jessi Sandhu

New study shows how parental wealth significantly affects millennials and Gen Z's home ownership and property values in Canada

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Bank of Canada set for June rate cut, diverging from Fed

5/2/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Economic stagnation prompts the Bank of Canada to plan a rate cut in June, contrasting with the US Federal Reserve's strategy

... More


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Canada's 2024 recreational property market holds steady amid demographic shifts and policy influences

4/30/2024 | Posted in Recreational Properties by Jessi Sandhu

Canada’s recreational property market hasn’t seen an influx of listings and is unlikely to at all this year, according to Re/Max Canada’s 2024 Cottage Trends ... More


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Canada's latest GDP figures may prompt Bank of Canada summer rate cut: Economists

4/30/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Canada’s quarterly gross domestic product edged up 0.2% in February, suggesting the Bank of Canada may have a reason to cut rates in the summer.

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TRREB: More Choice for Home Buyers in April

5/3/2024 | Posted in GTA Real Estate by Jessi Sandhu

April 2024 home sales were down in comparison to April 2023, when there was a temporary resurgence in market activity. New listings were up strongly year-over-year, which meant ... More


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Majority of aspiring homeowners awaiting rate cuts before buying: BMO survey

4/30/2024 | Posted in Home Buyers by Jessi Sandhu

The majority of Canadians aspiring to buy a home say they will push their plans to next year or later to wait for interest rates to drop, a new survey shows.

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Toronto's Commercial Real Estate Update

4/16/2024 | Posted in Commercial Real Estate by Jessi Sandhu

An Altus Group study found that, in the final quarter of 2023, the Greater Toronto Area (GTA) witnessed a total dollar volume of $22.8 billion in 2023’s final quarter, ... More


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Budget 2024 housing highlights: capital gains inclusion rate on secondary homes rises to 66.7%

4/16/2024 | Posted in Government and Regulation by Jessi Sandhu

Housing was a key priority in today’s federal budget, though it came as no surprise given the array of housing-related policy announcements unveiled in recent weeks.

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Fixed mortgage rates are rising. What's the deal?

4/18/2024 | Posted in Home Buyers by Jessi Sandhu

As variable-rate mortgage holders eagerly anticipate the Bank of Canada’s first rate cut, fixed rates are heading in the other direction: up.

... More


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Housing starts down seven per cent in March from February: CMHC

4/16/2024 | Posted in Canadian Housing Market by Jessi Sandhu

Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.

... More


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Feds commit to exploring CRA income verification in budget 2024 to address mortgage fraud

4/12/2024 | Posted in Government and Regulation by Jessi Sandhu

The federal government today confirmed plans to consult with the mortgage industry on developing income verification tools through the Canada Revenue Agency.

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OSFI announces new stress test for uninsured mortgages

4/16/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

Canadian regulator cracks down on high-debt mortgages to protect borrowers

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GTA home prices to see biggest gains in 2024 as Canada's housing market set for 'uncomfortably busy' fall: Royal LePage

4/12/2024 | Posted in GTA Real Estate by Jessi Sandhu

Housing prices in the GTA are expected to rise 10 per cent this year and will likely surpass those in Greater Vancouver by the end of 2024, according to an updated forecast by ... More


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Ottawa to allow 30-year amortization for first-time buyers' mortgages on new homes

4/11/2024 | Posted in Government and Regulation by Jessi Sandhu

Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians ... More


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Hints of Active Spring Market in March Housing Data

4/12/2024 | Posted in Canadian Housing Market by Jessi Sandhu

While there are expectations the Canadian housing market will pick up on some level this year, home sales and prices were mostly unchanged on a month-over-month basis in March ... More


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Bank of Canada announces key interest rate decision

4/10/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent.

... More


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Housing crisis will worsen without imminent action, says RBC

4/9/2024 | Posted in Real Estate Market by Jessi Sandhu

The housing affordability crisis in Canada is reaching alarming new heights, impacting middle-income families far beyond major cities, according to a new report from RBC.

... More


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Bank of Canada to keep rates on hold this week, first cut seen as early as June

4/8/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada is widely expected to keep its key overnight rate on hold Wednesday, as it gathers more evidence of cooling inflation before delivering its first interest ... More


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

4/5/2024 | Posted in Canadian Housing Market by Jessi Sandhu

The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026.

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Canada homebuilding down for third year, housing agency predicts

4/4/2024 | Posted in Canadian Housing Market by Jessi Sandhu

Canadian homebuilders are expected to dial back new construction for a third straight year in 2024 as elevated borrowing costs reduce the appeal of starting projects, ... More


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Trudeau offers billions to boost homebuilding - with strings attached

4/2/2024 | Posted in Government and Regulation by Jessi Sandhu

Prime Minister Justin Trudeau is pressuring Canada’s provinces to remove barriers to building more housing, including requiring them to freeze municipal development ... More


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