Real Estate News, Articles, Reports, Analysys & Trends

9/10/2024 | Posted in Canadian Housing Market by Russell Pearsall
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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 ... More

Rate cuts have yet to budge GTA housing market: RBC

9/5/2024 | Posted in Commercial Real Estate by Russell Pearsall
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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 ... More

Investors showed

9/5/2024 | Posted in Mortgage Interest Rates by Russell Pearsall
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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 ... More

Interest rate cut welcome news for homeowners with variable-rate mortgages

9/5/2024 | Posted in GTA Real Estate by Russell Pearsall
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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

TRREB: GTA Housing Market Becoming More Affordable

9/4/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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.

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Bank of Canada makes third rate cut in a row

8/28/2024 | Posted in Canadian Housing Market by Russell Pearsall
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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.

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New report calls for urgent government action as GTA home sales in July at an all-time low

9/3/2024 | Posted in Canadian Housing Market Predictions by Russell Pearsall
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Interest rate cuts should spark buying activity says RE/MAX Canada

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Canadian house prices could rise by up to 6% in steady fall market

9/3/2024 | Posted in Interest Rates by Russell Pearsall
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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

The Bank of Canada is expected to cut rates again, with U.S. Fed on deck

8/20/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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Inflation is continuing to ease, leaving the door open to another Bank of Canada rate cut in September, economists say.

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Inflation eases further in July: Bank of Canada poised for rate cut

8/13/2024 | Posted in Mortgage Advice by Russell Pearsall
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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

Preparing for your mortgage renewal: Tips to ease the stress of higher payments

8/15/2024 | Posted in Canadian Housing Market by Russell Pearsall
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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 ... More

Fledgling Canadian Housing Market Momentum Hits Pause in July

8/3/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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Markets are betting the Bank of Canada will cut at each of its remaining interest rate decisions this year as the labor market in the U.S. looks to be loosening faster than ... More

Bank of Canada seen cutting rates faster after weak U.S. jobs data

8/13/2024 | Posted in Condos For Sale by Russell Pearsall
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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

'Mounting condo inventories' could put downward pressure on Toronto's real estate market: report

8/8/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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.

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The Big Banks are slashing their interest rate forecasts

8/7/2024 | Posted in Canadian Economy and Housing Market by Russell Pearsall
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The Bank of Canada sees less risk of housing market overheating due to affordability issues.

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Bank of Canada sees less risk of housing market overheating as demand softens

8/4/2024 | Posted in Mortgage Interest Rates by Russell Pearsall
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Bond yields plummeted late last week as economic instability prompted investors to seek the safety of bonds.

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Bond yields fall to 2-year lows, more rate cuts to follow

8/6/2024 | Posted in GTA Real Estate by Russell Pearsall
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Greater Toronto Area (GTA) home sales in July 2024 were up compared to July 2023. While sales were up from last year, buyers continued to benefit from more choice in the GTA ... More

TRREB: Buyer Activity Increases Slightly in July

8/2/2024 | Posted in First Time Home Buyers by Russell Pearsall
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The Canada Mortgage and Housing Corporation (CMHC) has officially launched Home Start, a 30-year mortgage option for first-time homebuyers purchasing newly constructed homes. ... More

Canada's 30-year mortgage option has officially launched

8/1/2024 | Posted in Mortgage Interest Rates by Russell Pearsall
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Canadian lenders are cutting fixed mortgage rates following a drop in bond yields. But what’s behind these latest moves?

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Fixed mortgage rates are falling again. Here's why

7/29/2024 | Posted in First Time Home Buyers by Russell Pearsall
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Mortgage down payment gifts from family members remain a crucial factor for first-time homebuyers in Canada, even as the housing market cools and economic conditions ... More

First-time buyers relying on gifted down payments more than ever

7/31/2024 | Posted in Rental Market by Russell Pearsall
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A new report says condo rents in Canada's mostly densely populated region have dipped for the first time in three years.

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Condo rents in Toronto region dip for first time in 3 years: Urbanation

7/26/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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Borrowers may have welcomed recent rate cuts from the Bank of Canada, but TD Bank and CIBC predict an additional 175 bps cut by the end of 2025, lowering the overnight rate to ... More

Will the Bank of Canada deliver another 175 bps in rate cuts? TD and CIBC say yes

7/24/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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The Bank of Canada cut its benchmark interest rate by a quarter of a percentage point on Wednesday, the second straight reduction in the central bank’s easing cycle.

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Bank of Canada cuts key interest rate to 4.5% with hints of more to come

7/16/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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Experts speculate the Bank of Canada may cut rates next week following a larger-than-expected slowdown in the country’s inflation rate in June.

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Inflation report

7/17/2024 | Posted in Mortgages and Real Estate by Russell Pearsall
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With many Canadian homeowners facing a sharp rise in mortgage payments, many of them have decided to bail, resulting in the highest number of Toronto housing units for sale in ... More

Supply in Canada's property market surges as mortgage renewals loom

7/18/2024 | Posted in Ontario Real Estate by Russell Pearsall
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New condominium sales plummeted to a 27-year-low during the first six months of 2024 as a “sharp downturn in construction starts” in Toronto continued to impact ... More

Toronto new condo sales plummeted to lowest level since 1997 in first half of year: report

7/16/2024 | Posted in Commercial Real Estate by Russell Pearsall
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The bottom is in sight for commercial real estate valuations, though there’s probably more room for office values to continue their decline.

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Bottom is nigh for most CRE valuations, office still a struggle: Altus

7/14/2024 | Posted in Financial Health by Russell Pearsall
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With interest rates and borrowing costs at elevated levels, it’s more important than ever to ensure your credit report is in good standing.

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The hidden cost of rising debt: why checking your credit report matters more than ever

7/12/2024 | Posted in Canadian Housing Market by Russell Pearsall
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Activity in Canada's housing market saw some early signs of renewed life in June 2024, following the Bank of Canada's interest rate cut at the beginning of the ... More

Canadian Housing Activity Perks Up in June

7/11/2024 | Posted in Mortgages and Real Estate by Russell Pearsall
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Despite expectations of lower interest rates prompting homebuyers to leave the sidelines, a new report says the Bank of Canada’s quarter-point cut to its key interest ... More

Interest rate cut hasn't led to rush of homebuyer demand yet: Royal LePage report
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