Category: Uncategorized

The Bank of Canada has decided not to raise rates in September, but James Laird, co-CEO of Ratehub.ca and CanWise president, believes borrowers cannot afford to be complacent about future interest rates. The Bank has indicated that it is willing to raise rates again if economic indicators do not turn out as expected. Laird advises…

Experts are divided on the potential impact of the Bank of Canada's (BoC) decision to pause interest rate hikes on the real estate market. During the previous pause, home prices experienced a surge, however, this time around there are factors such as increased inventory, a softer job market, and higher mortgage rates that suggest a…

National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences. It's a symbol of Canada's commitment to reconciliation with Indigenous communities. Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools. May this day inspire a future where every voice is heard, and every spirit…

Landbanking activities are expected to increase. That is because developers aim to expand offerings for the affordable market segment. Also, the property market is likely to witness a rise in merger and acquisition activity.

CREA expects a 6.8% yearly decrease in home sales for end 2023. The forecast now predicts 516,043 properties being sold in 2024.

When considering whether to rent or buy in Canada, it is recommended to seek advice from a Real Estate agent. Renting offers flexibility, with maintenance and repairs often included in the rent, and tenants have legal rights and protections. Buying a home offers stability and a long-term investment, with the potential for significant gains and…

British Columbia invites proposals for affordable rental homes through the Building BC: Community Housing Fund.

BMO's latest report on Canadian real estate affordability paints a bleak picture for young adults, with affordability worse than it has been since 1988. The report reveals that in Greater Toronto and Vancouver, households need to spend 79% and 78% respectively of their median income on a mortgage. This is not including additional costs such…

The Real Estate market in Canada has performed well despite the Bank of Canada rate hikes. Toronto sales [↑](color-green) 7.8% yearly, reflecting robust market demand.