Real Estate News & Articles
10/11/2024 | Posted in Interest Rates by Marti Philp
SHARE
Strong employment results for September have tempered Bank of Canada rate cut expectations for later this month. ... More
10/10/2024 | Posted in Canadian Housing Market Predictions by Marti Philp
SHARE
Royal LePage’s latest housing market forecast predicts a real estate rebound that will see Canada’s “sluggish” markets in recovery mode by spring following ... More
10/9/2024 | Posted in Mortgages and Real Estate by Marti Philp
SHARE
Interest rate cuts by the Bank of Canada in recent months have helped reduce ownership costs for homeowners and buyers and bring about a slight improvement in the overall housing ... More
10/8/2024 | Posted in Government and Regulation by Marti Philp
SHARE
The federal government is rolling out another set of mortgage changes aimed at addressing the housing shortage, this time focusing on supporting the construction of secondary ... More
10/7/2024 | Posted in Canadian Economy and Interest Rates by Marti Philp
SHARE
An ex-member of the Bank of Canada’s governing body said officials should cut borrowing costs by half a percentage point later this month. ... More
10/3/2024 | Posted in GTA Real Estate by Marti Philp
SHARE
Greater Toronto Area (GTA) home sales increased year-over-year in September. Buyers were starting to take advantage of more affordable market conditions brought about by interest ... More
10/3/2024 | Posted in Mortgage News by Marti Philp
SHARE
Canada’s banking regulator recently relaxed its mortgage stress test rule partly due to concerns about how the public perceives the agency’s role, according to Peter ... More
10/1/2024 | Posted in Canadian Economy and Interest Rates by Marti Philp
SHARE
Markets are increasingly betting on the Bank of Canada delivering a 50-basis point rate cut during its October 23 policy decision, with the odds now sitting at around 53% ... More
9/26/2024 | Posted in Home Owners by Marti Philp
SHARE
Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress test. ... More
9/25/2024 | Posted in Government and Regulation by Marti Philp
SHARE
As a follow-up to last week’s announcement, the federal government has unveiled a more detailed framework for its updated mortgage rules, which are set to take effect on ... More
9/22/2024 | Posted in Mortgages and Real Estate by Marti Philp
SHARE
As interest rates continue to drop, borrowers might wonder if they should renegotiate their fixed-rate mortgage. But at what cost? ... More
9/17/2024 | Posted in Canadian Housing Market by Marti Philp
SHARE
Canada Mortgage and Housing Corp. says the annual pace of housing starts in August slowed 22 per cent compared with July. ... More
9/17/2024 | Posted in Government and Regulation by Marti Philp
SHARE
The federal government has unveiled sweeping changes to Canada’s mortgage system, calling them the “boldest reforms in decades.” ... More
9/16/2024 | Posted in Real Estate News by Marti Philp
SHARE
National home sales increased in June following the Bank of Canada's first interest rate cut since 2020, and activity posted another small gain in August on the heels of the ... More
9/13/2024 | Posted in New Developments by Marti Philp
SHARE
The total value of building permits surged by 22.1% month-over-month to $12.39 billion in July 2024, far exceeding market expectations of a 2.5% increase, following an upwardly ... More
9/12/2024 | Posted in Canadian Economy and Interest Rates by Marti Philp
SHARE
One of the country’s biggest lenders says the Bank of Canada will accelerate the pace of monetary easing in order to stave off recession. ... More
9/10/2024 | Posted in Commercial Real Estate by Marti Philp
SHARE
CBRE report ranks Toronto as 4th-best North American market, has largest job growth since 2018 ... More
9/10/2024 | Posted in Canadian Housing Market by Marti Philp
SHARE
While the Bank of Canada may be lowering interest rates, the move is not having an immediate effect on Canada‘s housing market, an economist at one of Canada’s biggest ... More
9/5/2024 | Posted in Commercial Real Estate by Marti Philp
SHARE
Canada’s commercial real estate sector saw positive momentum in the second quarter of the year, according to a new report, which notes further reductions in borrowing costs ... More
9/5/2024 | Posted in GTA Real Estate by Marti Philp
SHARE
Greater Toronto Area (GTA) home sales were down on a year-over-year basis in August 2024. New listings were up slightly over the same period. While the region’s housing ... More
9/5/2024 | Posted in Mortgage Interest Rates by Marti Philp
SHARE
Real estate experts say the Bank of Canada’s third consecutive interest rate cut is welcome news for variable-rate mortgage holders, but it could still be some time before ... More
9/4/2024 | Posted in Canadian Economy and Interest Rates by Marti Philp
SHARE
The Bank of Canada has cut its policy rate by a further 25 basis points in its September decision, marking a third consecutive move to bring rates lower. ... More
9/3/2024 | Posted in Canadian Housing Market Predictions by Marti Philp
SHARE
Interest rate cuts should spark buying activity says RE/MAX Canada ... More
9/3/2024 | Posted in Interest Rates by Marti Philp
SHARE
The Bank of Canada is widely expected to deliver a third consecutive interest rate cut on Wednesday as inflationary forces continue to cool on both sides of the Canada-United ... More
8/28/2024 | Posted in Canadian Housing Market by Marti Philp
SHARE
A home building industry association says new home sales in July were at an all-time low, and is calling on urgent action from the government. ... More
8/20/2024 | Posted in Canadian Economy and Interest Rates by Marti Philp
SHARE
Inflation is continuing to ease, leaving the door open to another Bank of Canada rate cut in September, economists say. ... More
8/15/2024 | Posted in Canadian Housing Market by Marti Philp
SHARE
While there were early signs of renewed momentum in June following the Bank of Canada’s first interest rate cut since 2020, activity in Canada’s housing market took a ... More
8/13/2024 | Posted in Mortgage Advice by Marti Philp
SHARE
Millions of Canadian homeowners are facing mortgage renewals in the coming years, with many feeling stressed as they prepare for higher payments amid persistently elevated ... More
8/13/2024 | Posted in Condos For Sale by Marti Philp
SHARE
Strained affordability amid higher borrowing costs continues to drag down Toronto’s “lethargic” housing market this summer, according to a new report by RBC ... More
8/8/2024 | Posted in Canadian Economy and Interest Rates by Marti Philp
SHARE
TD, CIBC and BMO have led the way with their revised forecasts, with all now expecting the Bank of Canada to cut interest rates faster and deeper over the next 16 months. ... More
Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.