Real Estate News, Articles, Reports, Analysys & Trends

4/11/2024 | Posted in Government and Regulation by Jason Codell
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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

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

4/12/2024 | Posted in Canadian Housing Market by Jason Codell
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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

Hints of Active Spring Market in March Housing Data

4/10/2024 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent. ... More

Bank of Canada announces key interest rate decision

4/9/2024 | Posted in Real Estate Market by Jason Codell
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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

Housing crisis will worsen without imminent action, says RBC

4/8/2024 | Posted in Canadian Economy and Interest Rates by Jason Codell
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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 rate ... More

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

4/5/2024 | Posted in Canadian Housing Market by Jason Codell
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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. ... More

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

4/4/2024 | Posted in Canadian Housing Market by Jason Codell
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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, Canada's ... More

Canada homebuilding down for third year, housing agency predicts

4/2/2024 | Posted in Government and Regulation by Jason Codell
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Prime Minister Justin Trudeau is pressuring Canada’s provinces to remove barriers to building more housing, including requiring them to freeze municipal development charges ... More

Trudeau offers billions to boost homebuilding - with strings attached

4/3/2024 | Posted in Canadian Economy and Interest Rates by Jason Codell
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Economists question their forecasts as inflation expectations challenge anticipated rate cuts ... More

Inflation expectations cast shadow on BoC's rate decision

4/3/2024 | Posted in GTA Real Estate by Jason Codell
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Greater Toronto Area (GTA) REALTORS® reported 6,560 sales through TRREB’s MLS® System in March 2024 – down by 4.5 per cent compared to March 2023. ... More

Selling Prices Up In March and Set to Accelerate This Spring

4/2/2024 | Posted in Luxury Real Estate by Jason Codell
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Luxury real estate sales have increased across the country in the first two months of the year but larger markets like Toronto are seeing less activity as some buyers look ... More

Luxury home sales surge in parts of Canada as buyers flee expensive big cities

3/27/2024 | Posted in Recreational Properties by Jason Codell
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Median home prices in the country’s recreational housing markets are forecast to rise 5% in 2024 as demand grows for scarce listings. ... More

Canadian recreational home prices expected to climb 5% this year amid supply squeeze

3/22/2024 | Posted in Government and Regulation by Jason Codell
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Canada’s banking regulator says it has no plans to remove the stress test on uninsured mortgages for borrowers who choose to switch lenders. ... More

OSFI rejects Competition Bureau recommendation to drop mortgage stress test for lender switches

3/13/2024 | Posted in Community by Jason Codell
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The value of Canadian farmland rose 11.5% in 2023, a new report by agriculture lending firm Farm Credit Canada has found. ... More

Value of Canadian farmland rises 11.5% in 2023: report

3/19/2024 | Posted in Canadian Economy and Interest Rates by Jason Codell
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Economists widely expect central bank to start cutting rates in June ... More

Inflation metrics give BoC room to talk cuts

3/18/2024 | Posted in Canadian Housing Market by Jason Codell
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Canada Mortgage and Housing Corporation (CMHC) has reported an increase in the pace of home construction across the country. ... More

Housing starts increase in February

3/19/2024 | Posted in Canadian Economy and Interest Rates by Jason Codell
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'I hope they're not tepid,' says expert about BoC's upcoming decisions ... More

Is it time for aggressive rate cuts?

3/14/2024 | Posted in Financial Health by Jason Codell
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Renters face daunting barriers in their attempts to build wealth as they’re forced to devote an increasing share of their income to keeping a roof over their head. ... More

Renters have harder time accumulating wealth than homeowners: RBC economist

3/18/2024 | Posted in Canadian Housing Market by Jason Codell
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Canadian home prices as measured by the seasonally adjusted Aggregate Composite MLS® Home Price Index (HPI) were flat on a month-over-month basis in February 2024, ending a ... More

Canadian Home Prices See Sudden End to Declines in Advance of Spring Market

3/13/2024 | Posted in Mortgages and Real Estate by Jason Codell
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The Canadian mortgage space is already seeing some rates on offer decline heading into the spring market, despite no clear indication yet from the Bank of Canada that interest ... More

Variable or short-term fixed mortgage? Where experts see the

3/12/2024 | Posted in Rental Market by Jason Codell
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A new report says the average asking price for a rental unit in Canada was $2,193 per month in February, marking a 10.5 per cent jump year-over-year and the fastest annual growth ... More

Average asking rent prices reach $2,193 in February, up 10.5% from 2023

3/11/2024 | Posted in Commercial Real Estate by Jason Codell
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The Greater Toronto Area (GTA) condominium market has softened considerably since April 2022, especially during the past six months. ... More

Listings up, sales down in slow GTA high-density land market: Myers

3/9/2024 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada elected to hold interest rates steady at 5 per cent. ... More

Bank of Canada makes interest rate decision

3/5/2024 | Posted in GTA Real Estate by Jason Codell
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Greater Toronto Area (GTA) home sales and new listings were up on an annual and monthly basis in February 2024. Selling prices also edged upward compared to a year earlier. ... More

TRREB: Buyers Re-Enter the GTA Housing Market in February

3/5/2024 | Posted in Financial Health by Jason Codell
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Equifax Canada says consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023. ... More

B.C., Ontario mortgage-holders increasingly missed payments in Q4, Equifax says

3/5/2024 | Posted in GTA News by Jason Codell
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Greater Toronto home sales and listings were up in February from last year, but adjusted sales were down from a month earlier, the region's real estate board said Tuesday. ... More

Toronto home sales up in February from last year as consumers eye rate cuts: TRREB

3/2/2024 | Posted in Home Buyers by Jason Codell
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The federal government has announced it will be discontinuing its First-Time Home Buyer Incentive (FTHBI) program as of March 21. ... More

CMHC to scrap First-Time Home Buyer Incentive and refocus funding on other tools

3/4/2024 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the stage for rate cuts ... More

Bank of Canada expected to hold interest rates this week as grey cloud hangs over economy

3/1/2024 | Posted in Toronto News by Jason Codell
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Toronto is extending its vacant home tax declaration deadline, giving homeowners two more weeks to submit their occupancy status or face a fee. ... More

Toronto extends vacant home tax deadline, fine for failure to submit

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