Bank of Canada slashes rates, says monetary policy has worked

10/23/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75%, its first bigger-than-usual move in more than four years, and hailed signs the country ... More

Tags: Bank of Canada Benchmark Rate, Bidding Wars, Household Debt, Variable Rate Mortgages

Ontario may let realtors tell homebuyers the price of other bids

2/5/2019 | Posted in Ontario Real Estate by Jessi Sandhu

Right now, buyers often blindly offer more than what they had wanted to spend in hopes of beating their competitor. ... More

Tags: Bidding Wars, Home Buyers, Ontario Real Estate

Majority Of Toronto And Vancouver Real Estate For Sale Sees Bidding Wars

7/5/2018 | Posted in Home Buyers by Jessi Sandhu

Toronto real estate may not be what it was one year ago, but it’s still a battle for home buyers. ... More

Tags: Bidding Wars, Canada Real Estate, Home Buyers, Housing Affordability, Toronto Real Estate

Many Toronto homebuyers skipping inspections

4/4/2017 | Posted in Toronto Real Estate by Jessi Sandhu

In Toronto, some homebuyers are so desperate to win bidding wars they're rushing to make offers without even getting an inspection. The average price for a detached home ... More

Tags: Bidding Wars, Home Buyers, Home Inspection, Home Sales Toronto, Toronto Real Estate