Real Estate News, Articles, Reports, Analysys & Trends
11/6/2024 | Posted in Mortgages and Real Estate by Russell Pearsall
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Canada's housing affordability cannot be resolved by changing the country's unique mortgage structure, the Bank of Canada's Senior Deputy Governor said on ... More
10/31/2024 | Posted in First Time Home Buyers by Russell Pearsall
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With the benchmark prices for a home in Toronto or Vancouver at over a million dollars, the prospect of saving enough for a down payment to enter the real estate market can be ... More
11/6/2024 | Posted in GTA Real Estate by Russell Pearsall
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Greater Toronto Area (GTA) home sales increased strongly year-over-year in October 2024. Over the same period, new listings were up, but by a lesser annual rate. The result was ... More
11/4/2024 | Posted in Government and Regulation by Russell Pearsall
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Conservative Leader Pierre Poilievre has written to the provinces’ premiers, asking them to eliminate their sales taxes on new homes that are under $1 million.
... More 11/4/2024 | Posted in Mortgages and Real Estate by Russell Pearsall
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Canada's housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being ... More
10/23/2024 | Posted in Commercial Real Estate by Russell Pearsall
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What does today’s 50 basis point interest rate cut mean for the Canadian commercial real estate market?
... More 10/29/2024 | Posted in Real Estate Market by Russell Pearsall
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A new report says that while fewer young Canadians own a home compared with three years ago, a majority of millennials and Gen Z adults still plan to purchase one in the next ... More
10/28/2024 | Posted in New Developments by Russell Pearsall
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New home sales in the Greater Toronto Area remained sluggish last month, but a new report suggests that the market is now primed for buyers following four consecutive interest ... More
10/25/2024 | Posted in Home Buyers by Russell Pearsall
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The federal government allowed 30-year mortgage amortizations for first-time homebuyers purchasing new builds in August, and the new rules are set to expand in December to ... More
10/24/2024 | Posted in Mortgages and Real Estate by Russell Pearsall
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More Canadian homeowners are considering switching to variable rate from fixed rate mortgages after an unusually large interest rate cut by the central bank on Wednesday, ... More
10/23/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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 ... More
10/23/2024 | Posted in Toronto News by Russell Pearsall
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Landlords who plan to evict tenants to renovate their properties may soon be required to apply for a licence and provide additional financial compensation to the tenants they ... More
10/21/2024 | Posted in Interest Rates by Russell Pearsall
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Five of Canada's biggest banks are now expecting a larger-than-usual interest rate cut from the Bank of Canada after inflation numbers came in lower than anticipated.
... More 10/18/2024 | Posted in Condos For Sale by Russell Pearsall
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New condo sales in the Greater Toronto and Hamilton Area are continuing to drop off, falling 81 per cent in the third quarter of 2024 compared to the same period last year, ... More
10/15/2024 | Posted in Canadian Housing Market by Russell Pearsall
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Following the Bank of Canada's third interest rate cut of the year, national home sales increased slightly in September compared to August. This follows a similar pattern ... More
10/11/2024 | Posted in Interest Rates by Russell Pearsall
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Strong employment results for September have tempered Bank of Canada rate cut expectations for later this month.
... More 10/9/2024 | Posted in Mortgages and Real Estate by Russell Pearsall
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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 ... More
10/8/2024 | Posted in Government and Regulation by Russell Pearsall
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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
10/10/2024 | Posted in Canadian Housing Market Predictions by Russell Pearsall
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Royal LePage’s latest housing market forecast predicts a real estate rebound that will see Canada’s “sluggish” markets in recovery mode by spring ... More
10/7/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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 Mortgage News by Russell Pearsall
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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 ... More
10/1/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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 10/3/2024 | Posted in GTA Real Estate by Russell Pearsall
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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 ... More
9/26/2024 | Posted in Home Owners by Russell Pearsall
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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 ... More
9/25/2024 | Posted in Government and Regulation by Russell Pearsall
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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 Russell Pearsall
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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 Russell Pearsall
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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 Russell Pearsall
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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 Russell Pearsall
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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 ... More
9/13/2024 | Posted in New Developments by Russell Pearsall
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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
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