Real Estate News, Articles, Reports, Analysys & Trends

5/15/2024 | Posted in Canadian Housing Market by Maggie Hillmer
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Canadian home sales dipped in April 2024 when compared to March, even as the number of properties available for sale rose to kick off the spring market.

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5/10/2024 | Posted in Rental Market by Maggie Hillmer
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The average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first ... More

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5/3/2024 | Posted in GTA Real Estate by Maggie Hillmer
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April 2024 home sales were down in comparison to April 2023, when there was a temporary resurgence in market activity. New listings were up strongly year-over-year, which meant ... More

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5/2/2024 | Posted in New Developments by Maggie Hillmer
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As of the beginning of April, 2024, 324 cranes towered over the skies of the Greater Toronto and Hamilton Area (GTHA), representing a slight, but persistent, downward ... More

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5/2/2024 | Posted in Canada Living by Maggie Hillmer
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New study shows how parental wealth significantly affects millennials and Gen Z's home ownership and property values in Canada

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5/2/2024 | Posted in Canadian Economy and Interest Rates by Maggie Hillmer
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Economic stagnation prompts the Bank of Canada to plan a rate cut in June, contrasting with the US Federal Reserve's strategy

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4/30/2024 | Posted in Home Buyers by Maggie Hillmer
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The majority of Canadians aspiring to buy a home say they will push their plans to next year or later to wait for interest rates to drop, a new survey shows.

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4/30/2024 | Posted in Recreational Properties by Maggie Hillmer
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Canada’s recreational property market hasn’t seen an influx of listings and is unlikely to at all this year, according to Re/Max Canada’s 2024 Cottage Trends ... More

Real Estate & Mortgage News

4/30/2024 | Posted in Canadian Economy and Interest Rates by Maggie Hillmer
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Canada’s quarterly gross domestic product edged up 0.2% in February, suggesting the Bank of Canada may have a reason to cut rates in the summer.

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4/18/2024 | Posted in Home Buyers by Maggie Hillmer
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As variable-rate mortgage holders eagerly anticipate the Bank of Canada’s first rate cut, fixed rates are heading in the other direction: up.

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4/16/2024 | Posted in Government and Regulation by Maggie Hillmer
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Housing was a key priority in today’s federal budget, though it came as no surprise given the array of housing-related policy announcements unveiled in recent weeks.

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4/16/2024 | Posted in Canadian Housing Market by Maggie Hillmer
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Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.

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4/16/2024 | Posted in Commercial Real Estate by Maggie Hillmer
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An Altus Group study found that, in the final quarter of 2023, the Greater Toronto Area (GTA) witnessed a total dollar volume of $22.8 billion in 2023’s final quarter, ... More

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4/16/2024 | Posted in Mortgages and Real Estate by Maggie Hillmer
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Canadian regulator cracks down on high-debt mortgages to protect borrowers

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4/12/2024 | Posted in GTA Real Estate by Maggie Hillmer
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Housing prices in the GTA are expected to rise 10 per cent this year and will likely surpass those in Greater Vancouver by the end of 2024, according to an updated forecast by ... More

Real Estate & Mortgage News

4/12/2024 | Posted in Canadian Housing Market by Maggie Hillmer
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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

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4/12/2024 | Posted in Government and Regulation by Maggie Hillmer
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The federal government today confirmed plans to consult with the mortgage industry on developing income verification tools through the Canada Revenue Agency.

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Real Estate & Mortgage News

4/11/2024 | Posted in Government and Regulation by Maggie Hillmer
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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

Real Estate & Mortgage News

4/10/2024 | Posted in Canadian Economy and Interest Rates by Maggie Hillmer
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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.

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Real Estate & Mortgage News

4/9/2024 | Posted in Real Estate Market by Maggie Hillmer
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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.

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Real Estate & Mortgage News

4/8/2024 | Posted in Canadian Economy and Interest Rates by Maggie Hillmer
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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 ... More

Real Estate & Mortgage News

4/5/2024 | Posted in Canadian Housing Market by Maggie Hillmer
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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.

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4/4/2024 | Posted in Canadian Housing Market by Maggie Hillmer
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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, ... More

Real Estate & Mortgage News

4/3/2024 | Posted in GTA Real Estate by Maggie Hillmer
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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.

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

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4/2/2024 | Posted in Luxury Real Estate by Maggie Hillmer
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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

Real Estate & Mortgage News

4/2/2024 | Posted in Government and Regulation by Maggie Hillmer
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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 ... More

Real Estate & Mortgage News

3/27/2024 | Posted in Recreational Properties by Maggie Hillmer
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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.

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3/22/2024 | Posted in Government and Regulation by Maggie Hillmer
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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.

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