Real Estate News, Articles, Reports, Analysys & Trends

7/16/2024 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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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 Anabela Serra
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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 Anabela Serra
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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 Anabela Serra
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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 Anabela Serra
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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 Anabela Serra
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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 Anabela Serra
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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

7/10/2024 | Posted in Rental Market by Anabela Serra
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In June, the average rent price in Canada rose 7% year-over-year, marking the slowest growth rate in 13 months.

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Canadian rent price growth slows to lowest level in 13 months

6/23/2024 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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Economists are forecasting inflation slowed further in May, which would be welcome progress for the Bank of Canada after it cut its key lending rate for the first time in four ... More

Economists say BoC could cut interest rates again in July if inflation keeps cooling

6/28/2024 | Posted in Government and Regulation by Anabela Serra
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Ontario is holding the annual rent increase guideline for 2025 at 2.5 per cent. This is currently the lowest rate in the country and below the average inflation rate of 3.1 per ... More

Ontario government sets 2025 rental cap for most units

7/4/2024 | Posted in GTA Real Estate by Anabela Serra
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June 2024 home sales in the Greater Toronto Area (GTA) were lower compared to the same month last year, according to the Toronto Regional Real Estate Board (TRREB)

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TRREB: June Home Buyers Eying Further Interest Rate Relief

6/18/2024 | Posted in Commercial Real Estate by Anabela Serra
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The new report analyzed 12 markets nationwide in Q1 2024, identifying 13 key trends.

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2024 Re/Max Commercial Real Estate Report Highlights Key Trends

6/25/2024 | Posted in First Time Home Buyers by Anabela Serra
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More than one-third of first-time homebuyers in Ontario are getting help with their down payment and the average gift now tops $100,000, according to a report from CIBC.

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More than one-third of first time Ontario homebuyers get help with down payments. A new report suggests the gifts average $128K

6/21/2024 | Posted in Home Buyers by Anabela Serra
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Many Canadian renters do not plan to purchase a home in the near future, with affordability challenges being a significant factor.

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Most Canadian renters can't afford to buy a home due to insufficient income

6/19/2024 | Posted in Mortgages and Real Estate by Anabela Serra
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The Bank of Canada’s top decision-makers expressed concerns before announcing this month’s interest rate cut, fearing that the rate relief could potentially ... More

Bank of Canada officials worry that rate cuts may overheat the housing market

6/16/2024 | Posted in Mortgage Interest Rates by Anabela Serra
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Interest rates may slowly start to be easing around the world, but they won’t be returning to pandemic levels and borrowers will need to adjust accordingly.

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Borrowers must adapt to 'new normal' of higher rates, says Macklem

6/17/2024 | Posted in Canadian Housing Market by Anabela Serra
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While May was another relatively uneventful month for many Canadian housing markets with national month-over-month home sales edging slightly lower and new listings moving only ... More

Canadian Housing Activity Sees Another Quiet Month in May

6/13/2024 | Posted in Government and Regulation by Anabela Serra
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The head of Canada’s banking regulator stood firm in rejecting renewed calls to remove the mortgage stress test on uninsured mortgage switches.

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OSFI doubles down on keeping stress test for uninsured mortgage switches

6/7/2024 | Posted in Commercial Real Estate by Anabela Serra
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While growing optimism has nudged some long-term developers off the sidelines with regards to land sales, there continues to be an overall impasse between buyers and sellers in ... More

High Cost of Toronto Commercial Real Estate Stokes Suburban Activity

6/8/2024 | Posted in Rental Market by Anabela Serra
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Average rents across Canada are now up 32% from their pandemic lows.

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Average Canadian rent hits an all-time high of $2,202

6/5/2024 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic.

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Bank of Canada cuts key rate for first time in more than 4 years

6/19/2024 | Posted in Mortgages and Real Estate by Anabela Serra
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The Bank of Canada's governing council thought about waiting until July to lower interest rates but ultimately decided to cut earlier, the central bank's summary of ... More

Bank of Canada considered waiting until July to cut interest rates

6/1/2024 | Posted in First Time Home Buyers by Anabela Serra
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New home savings accounts have been used by 624,000 Canadians according to tax data, with a median deposit of $2,040.

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The Liberals' savings account for first-time homebuyers mostly got only small deposits

6/5/2024 | Posted in GTA Real Estate by Anabela Serra
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May home sales continued at low levels, especially in comparison to last spring’s short-lived pick-up in market activity as home buyers are still waiting for relief on ... More

Home Buyers Experience Less Competition in May

5/30/2024 | Posted in Home Owners by Anabela Serra
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A recent study on Statistics Canada data shines light on trend

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Where are the most mortgage-free homeowners in Canada?

5/30/2024 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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The Bank of Canada will trim interest rates to 4.75% on June 5, according to three-quarters of economists in a Reuters poll which showed three further cuts this year, with the ... More

BoC to cut interest rates on June 5, three further times this year: Poll

5/30/2024 | Posted in Government and Regulation by Anabela Serra
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The Ontario government has introduced legislation that includes a new 10-day cooling-off period for purchases of new freehold homes.

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New legislation includes 10-day 'cooling-off' period for new home purchases

5/29/2024 | Posted in Mortgages and Real Estate by Anabela Serra
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Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and ... More

Residential mortgage debt hits $2.16 trillion amid slowest growth in 23 years: CMHC

5/29/2024 | Posted in GTA News by Anabela Serra
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About half of GTA residents say they would consider leaving to buy property in one of Canada’s more affordable cities, according to a new Royal LePage survey.

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Half of Toronto area residents would consider buying home in more affordable city: Royal LePage
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