3/9/2023 | Posted in Canadian Economy and Interest Rates by Marti Philp
  SHARE

The central bank has left its policy rate untouched for the first time in over a year ... More

Real Estate & Mortgage News

  3/7/2023 | Posted in Canadian Economy and Housing Market by Marti Philp
  SHARE

As home prices and interest rates remain elevated, a record number of non-homeowners think they’ll never afford a house, according to a new survey. ... More

Real Estate & Mortgage News

  2/10/2023 | Posted in Canadian Housing Market Predictions by Marti Philp
  SHARE

A new report says Canada's housing market will see new listings fall in the first quarter before rebounding later in the year and then, slowing to a more modest growth pace in ... More

Real Estate & Mortgage News

  2/2/2023 | Posted in Home Owners by Marti Philp
  SHARE

As Canadian homeowners grapple with the Bank of Canada's flurry of interest rate hikes, one in three say they won't be able to handle higher rates for long before they are ... More

Real Estate & Mortgage News

  1/30/2023 | Posted in Canadian Economy and Housing Market by Marti Philp
  SHARE

But the Bank of Canada has a tricky balancing act that cannot decimate real estate. ... More

Real Estate & Mortgage News

  1/19/2023 | Posted in Home Owners by Marti Philp
  SHARE

An increasing number of Canadians appear to be tapping into their homes for extra cash. ... More

Real Estate & Mortgage News

  1/14/2023 | Posted in Canadian Housing Market by Marti Philp
  SHARE

Home prices in Canada likely won't drop much further due to the country's ongoing shortage of new homes, even as rising interest rates curb some demand in the market, the ... More

Real Estate & Mortgage News

  1/13/2023 | Posted in Canadian Housing Market by Marti Philp
  SHARE

National aggregate home price posts single-digit year-over-year decline in Q4 over 2021; double-digit growth compared to 2020 and 2019 ... More

Real Estate & Mortgage News

  1/3/2023 | Posted in Mortgages and Real Estate by Marti Philp
  SHARE

Despite a strong start to the year, real estate in 2022 was largely defined by a lack of affordability, spurred by one of the most polarizing interest rate hike cycles in Bank of ... More

Real Estate & Mortgage News

  12/19/2022 | Posted in Rental Market by Marti Philp
  SHARE

The cost of rent in Canada has been on an uptrend since the pandemic, and in November reached an average of $2,024. That’s a 12% jump since last year and up 2.5% since ... More

Real Estate & Mortgage News

  12/15/2022 | Posted in Home Buyers by Marti Philp
  SHARE

Canada's banking regulator confirmed today it will leave the mortgage stress test for uninsured mortgages unchanged. ... More

Real Estate & Mortgage News

  12/15/2022 | Posted in Canadian Housing Market by Marti Philp
  SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month-over-month basis in November 2022. ... More

Real Estate & Mortgage News

  12/7/2022 | Posted in Rental Market by Marti Philp
  SHARE

Royal Bank of Canada economists say the country has reached a record number of renters as the number of people renting has increased at three times the rate of homeowners in the ... More

Real Estate & Mortgage News

  12/4/2022 | Posted in Canadian Economy and Interest Rates by Marti Philp
  SHARE

The Bank of Canada is expected to increase interest rates once more this week, capping off a tumultuous year for the central bank. ... More

Real Estate & Mortgage News

  11/22/2022 | Posted in Rental Market by Marti Philp
  SHARE

Having already surpassed pre-pandemic levels, the average rent in Canada continued to rise in October. ... More

Real Estate & Mortgage News

  11/15/2022 | Posted in Canadian Housing Market by Marti Philp
  SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged a little higher in October 2022. ... More

Real Estate & Mortgage News

  11/3/2022 | Posted in Canadian Economy and Interest Rates by Marti Philp
  SHARE

The Bank of Canada is almost done with its current series of rate hikes, but consumers should brace for higher borrowing costs before the end, according to central bank governor ... More

Real Estate & Mortgage News

  10/14/2022 | Posted in Canada Living by Marti Philp
  SHARE

Many economists say a mild recession is on the cards as they look ahead to 2023. ... More

Real Estate & Mortgage News

  10/14/2022 | Posted in Canadian Housing Market by Marti Philp
  SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in September 2022. ... More

Real Estate & Mortgage News

  9/30/2022 | Posted in Canada Living by Marti Philp
  SHARE

Personal finances of millions of Canadians are worsening, and more people are concerned about their high levels of debt ... More

Real Estate & Mortgage News

  9/22/2022 | Posted in Canadian Housing Market by Marti Philp
  SHARE

10 million households own their home, while 5 million rent. But the gap is narrowing. ... More

Real Estate & Mortgage News

  8/19/2022 | Posted in Canadian Housing Market by Marti Philp
  SHARE

Immigration and shrinking household size will support Canada’s property market through the current correction according to a new report from RBC Economics. ... More

Real Estate & Mortgage News

  8/16/2022 | Posted in Canadian Housing Market by Marti Philp
  SHARE

Canada Mortgage and Housing Corp. says the annual pace of housing starts in July edged higher compared with June despite a slowdown in urban starts. ... More

Real Estate & Mortgage News

  8/9/2022 | Posted in Canadian Economy and Interest Rates by Marti Philp
  SHARE

A massive rate jump at the central bank’s meeting next month is a near certainty, economists say ... More

Real Estate & Mortgage News

  8/8/2022 | Posted in Canadian Economy and Housing Market by Marti Philp
  SHARE

Expand the Bank of Canada mandate, for starters ... More

Real Estate & Mortgage News

  7/12/2022 | Posted in Canadian Housing Market Predictions by Marti Philp
  SHARE

CMHC revises down home price forecast over next two years to adjust for interest rate spike. ... More

Real Estate & Mortgage News

  6/17/2022 | Posted in Mortgages and Real Estate by Marti Philp
  SHARE

Experts say extending the amortization period for your mortgage could keep your monthly payments in check even as you face higher interest rates, but caution that doing so comes ... More

Real Estate & Mortgage News

  6/15/2022 | Posted in Canadian Housing Market by Marti Philp
  SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in May 2022. ... More

Real Estate & Mortgage News

  6/14/2022 | Posted in Interest Rates by Marti Philp
  SHARE

Bond yields surged to a fresh 14-year high this week, driving expectations that fixed rates are likely to continue rising. ... More

Real Estate & Mortgage News
Ask Marti Philp

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.