Jessi Sandhu - Your Brampton Real Estate Agent
Canada Real Estate News and Articles | My Blog

Canada's home prices to rise again on stretched demand-supply gap

2/29/2024 | Posted in Canadian Housing Market Predictions by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News 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


Canadian Home Sales Showing Signs of Recovery

2/14/2024 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News 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


Federal government extends foreign buyer ban until 2027

2/4/2024 | Posted in Foreign Buyers by Jessi Sandhu

canadian-real-estate-markets-62.jpg - Real Estate News 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


Market participants still expect the first Bank of Canada rate cut in April

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

mortgage-rates---interest-rates-48.jpg - Real Estate News 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


Canada's housing market to stabilize, but don't expect return to "rollicking" price gains, BMO says

1/29/2024 | Posted in Canadian Housing Market by Jessi Sandhu

home-for-sale-ontario-canada-131.jpg - Real Estate News 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


Canadian Home Sales See Unexpected Surge to Close Out 2023

1/15/2024 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up noticeably on a month-over-month basis in December 2023. ... More


'A buyers' market with no buyers': CIBC economist on housing market

12/13/2023 | Posted in Canadian Housing Market by Jessi Sandhu

cibc-office-250.jpg - Real Estate News Some home sellers are struggling to find buyers amid high mortgage costs, according to an economist who says Canada’s housing market is in the midst of “a very healthy ... More


Bank of Canada could start cutting rates next year, says governor - BNN

12/19/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

home-buying-financing-concept-261.jpg - Real Estate News The Bank of Canada could start cutting interest rates next year as long as core inflation comes down as predicted, BNN Television cited Governor Tiff Macklem as saying in an ... More


Canadian Home Sellers Joining Buyers on the Sidelines

12/15/2023 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News The latest statistics released by the Canadian Real Estate Association (CREA) show national home sales were little changed on a month-over-month basis in November 2023. ... More


Overview of housing initiatives in the government's Fall Economic Statement

11/21/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

government-of-canada-469.jpg - Real Estate News From a crackdown to short-term rentals to new investments to create more housing supply, the federal government made housing a key component of its Fall Economic Statement ... More


Canadian Home Sales See Downward Trend Continue in October

11/15/2023 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined on a month-over-month basis in October 2023. ... More


Rent prices are up $175 in the past six months and have pushed rent inflation to a 30-year high

11/14/2023 | Posted in Rental Market by Jessi Sandhu

house-for-rent-87.jpg - Real Estate News The average asking rent in Canada has increased by about $175 over the past six months, and is now nearly 10% higher compared to a year ago. ... More


New mortgage activity slowing - but debt continues rising, says CMHC

11/9/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgages-475.jpg - Real Estate News Residential mortgage debt in Canada totalled $2.14 trillion as of August this year, up by 3.4% compared with the same month in 2022 as the value of uninsured mortgages outstanding ... More


BoC to begin rate cuts by 2024's second quarter, market players say

11/7/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

calculator--analysis--reporting-128.jpg - Real Estate News Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year ... More


Average rental prices in Canada surge to records highs in October 2023: report

11/4/2023 | Posted in Rental Market by Jessi Sandhu

house-for-rent-87.jpg - Real Estate News Rental prices in Canada reached a new high with the average asking price of $2,149 per month, according to a new report. ... More


Bank of Canada delivers rate hold, but maintains hawkish bias

10/25/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada delivered its second straight rate hold today, but signalled that it remains concerned about inflationary risks and price pressures. ... More


OSFI reaches decision on proposed mortgage guideline changes

10/18/2023 | Posted in Mortgage News by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News Canada’s banking regulator has revealed its decision on initial public consultation regarding its B-20 guidelines, indicating in a statement yesterday that it will not ... More


Home resales fall by 1.9 per cent across Canada, new listings on the rise: RBC

10/17/2023 | Posted in Canadian Housing Market by Jessi Sandhu

home-for-sale-ontario-canada-131.jpg - Real Estate News Home resales fell by 1.9 per cent across Canada in September, the third month in a row that resale rates have dropped, according to a new report by RBC. ... More


Single-detached housing starts down 25% from last year: CMHC

10/5/2023 | Posted in New Developments by Jessi Sandhu

housing-starts--new-developments-454.jpg - Real Estate News The number of new single-detached houses under construction in the first half of 2023 was down 25% compared to last year. ... More


Canadian Home Sales Ease Again in September

10/13/2023 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month-over-month basis in September 2023. ... More


Housing affordability has improved but there's no quick fix, says RBC

9/29/2023 | Posted in Canada Living by Jessi Sandhu

couple-with-real-estate-agent-316.jpg - Real Estate News Millions of Canadians want to achieve their dream of homeownership, but affordability remains out of reach for many, and changing that will be a slow journey according to RBC. ... More


Canadian Home Sales Fall Back in August

9/15/2023 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month-over-month basis in August 2023. ... More


No end in sight to housing affordability crisis, says BMO's Guatieri

8/28/2023 | Posted in Canadian Housing Market by Jessi Sandhu

couple-browsing-for-homes-444.jpg - Real Estate News The Bank of Canada's June and July interest rate increases essentially put a stop to the housing market’s recovery, says analyst. ... More


What's next for home prices in Canada?

8/28/2023 | Posted in Canadian Housing Market by Jessi Sandhu

home-buying-financing-concept-261.jpg - Real Estate News Interest rates and borrowing costs may be surging - but Canadian home prices are continuing to rise at a rapid clip, according to new data. ... More


Real estate report: Second highest home price increase ever recorded in a single month

8/18/2023 | Posted in Real Estate Market by Jessi Sandhu

teranet-national-bank-16.jpg - Real Estate News Home prices posted the second-highest increase ever recorded in a single month after the one observed in July 2006, according to the latest Teranet-National Bank composite index. ... More


Office vacancy rate could peak in 2024 as hybrid work models gain popularity: report

8/15/2023 | Posted in Commercial Real Estate by Jessi Sandhu

building-offices-100.jpg - Real Estate News A new report by Colliers Canada predicts the national office vacancy rate could peak at approximately 15 per cent by the end of 2024 as the rise of hybrid work models prompt ... More


Recreational property market activity is slowing down

8/14/2023 | Posted in Recreational Properties by Jessi Sandhu

vacation-property-52.jpg - Real Estate News The pandemic-era robustness observed in Canada’s recreational real estate segment has moderated amid mounting borrowing costs coupled with reduced demand, according to a new ... More


Canadian Home Sales See Little Change From June to July

8/15/2023 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were only slightly changed on a month-over-month basis in July 2023. ... More


July sees unprecedented spike in average Canadian rental unit asking prices: report

8/12/2023 | Posted in Rental Market by Jessi Sandhu

house-for-rent-87.jpg - Real Estate News Amidst continued interest rate hikes and economic challenges, the average asking price for a rental unit in Canada reached another new record of $2,078 in July, according to a ... More


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