Real Estate News, Articles, Reports, Analysys & Trends

2/20/2024 | Posted in Canadian Economy and Interest Rates by Sarah Milley
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Canadian consumer prices eased at the start of this year, with progress on underlying pressures likely to give the Bank of Canada more room to start considering rate cuts in ... More

Inflation slows more than expected in January

2/15/2024 | Posted in Rental Market by Sarah Milley
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The average asking price for rent in Canada reached $2,196 in January, a 10 per cent increase from this time last year — marking another record high amid a deepening ... More

Rent hits another record high in January as average asking price reaches $2,196

2/14/2024 | Posted in Canadian Housing Market by Sarah Milley
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Following a weak second half of 2023, home sales over the last two months are showing signs of recovery, according to the latest data from the Canadian Real Estate Association ... More

Canadian Home Sales Showing Signs of Recovery

2/9/2024 | Posted in Canadian Economy and Interest Rates by Sarah Milley
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Today's employment report for January, in which the unemployment rate ticked down, has caused bond markets and economist to further reel-in their rate-cut forecasts for the ... More

2024 rate-cut forecasts being revised following today's mixed-bag jobs report

2/12/2024 | Posted in GTA Real Estate by Sarah Milley
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Canada is seeing “early signs” of a housing market upturn and Toronto could see prices bottom out this spring, a recent report from the Royal Bank of Canada ... More

Housing prices expected to hit 'bottom' in Toronto this spring: RBC report

2/10/2024 | Posted in Interest Rates by Sarah Milley
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BoC's cash-management tool reboot suggests no easing on the horizon, surprising markets

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The Bank of Canada's latest move may signal higher rates

2/8/2024 | Posted in Commercial Real Estate by Sarah Milley
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Avison Young has released its Q1 Canadian cap rate and investment trends report, forecasting that although lenders will remain conservative in 2024, capital from lenders ... More

Industrial to remain strong suggests Avison Young

2/3/2024 | Posted in Interest Rates by Sarah Milley
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After a short-lived upswing in bond yields last month that nudged some fixed mortgage rates higher, lenders are once again bringing them back down.

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Fixed mortgage rates in Canada resume their decline amid economic volatility

2/4/2024 | Posted in Foreign Buyers by Sarah Milley
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The federal government today announced a two-year extension to its foreign buyer ban in what it says is an effort to make housing more affordable for Canadians.

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Federal government extends foreign buyer ban until 2027

2/5/2024 | Posted in Canadian Economy and Interest Rates by Sarah Milley
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Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by ... More

Market participants still expect the first Bank of Canada rate cut in April

2/6/2024 | Posted in Financial Health by Sarah Milley
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Further analysis of the latest Canadian insolvency stats reveal some revealing elements that typically connect those whose finances have got too much for them.

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There's a common theme among Canadians overwhelmed by debt

2/6/2024 | Posted in Canada Living by Sarah Milley
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A new report published today reveals that the burden on buyers from provincial governments’ billions of dollars in levies and development fees on new construction, and ... More

Tax advantages driving exodus from Canada's priciest housing markets

2/6/2024 | Posted in GTA Real Estate by Sarah Milley
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Home sales were up in January 2024 in comparison to January 2023. This annual increase came as some homebuyers started to benefit from lower borrowing costs associated with ... More

GTA REALTORS® Release January 2024 Stats

1/22/2024 | Posted in Canada Living by Sarah Milley
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Canada’s pace of population growth continues to set records as the country brings in a historic number of temporary residents, largely through international student and ... More

Canada reports fastest population growth in history in third quarter of 2023

1/29/2024 | Posted in Canadian Housing Market by Sarah Milley
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Stability is expected to return to the country’s housing market this year as interest rates ease, but homeowners shouldn’t expect a return to the ... More

Canada's housing market to stabilize, but don't expect return to

1/31/2024 | Posted in Rental Market by Sarah Milley
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Condominium apartment leasing activity continued to be strong in the fourth quarter of 2023 according to the latest data released by TRREB. The number of lease transactions ... More

TRREB Releases 2023 Q4 Rental Market Statistics

1/31/2024 | Posted in Canadian Economy and Interest Rates by Sarah Milley
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Canada’s economy outperformed growth expectations to end the year, which means the Bank of Canada could feel less pressure to start cutting rates in the near term, ... More

Bank of Canada's rate-cut timing uncertain as economic growth beats expectations

1/31/2024 | Posted in Rental Market by Sarah Milley
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Rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record since the Canada Mortgage and Housing ... More

Rent prices rose in 2023 as Canada saw lowest vacancy rate since 1988: CMHC

1/25/2024 | Posted in Mortgages and Real Estate by Sarah Milley
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Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022.

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Under-35 households lead the way in reducing mortgage debt, StatCan reports

1/24/2024 | Posted in Canadian Economy and Interest Rates by Sarah Milley
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The Bank of Canada has left its policy rate unchanged in its first announcement of the year, keeping rates where they are for a fourth straight decision but giving little ... More

Bank of Canada reveals first rate decision of 2024

1/18/2024 | Posted in Mortgage Interest Rates by Sarah Milley
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This week’s rise in bond yields could cause some lenders to reverse recent fixed mortgage rate cuts, experts say.

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Rise in bond yields could send fixed mortgage rates higher, experts say

1/19/2024 | Posted in Interest Rates by Sarah Milley
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The Bank of Canada is likely to leave its overnight rate unchanged in its first decision of 2024, according to new forward guidance by the Royal Bank of Canada.

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BoC set to leave rate unchanged in January, says RBC

1/16/2024 | Posted in Rental Market by Sarah Milley
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A new report says the average asking price in December for a rental unit in Canada was a record $2,178 per month, relatively flat from the previous month but marked an 8.6 per ... More

Asking rents jump 8.6% in December to hit record $2,178 on average: report

1/12/2024 | Posted in Interest Rates by Sarah Milley
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Nearly all of the country’s big banks slashed their advertised fixed mortgage rates this week, in some cases by as much as 70 basis points (or 0.70%).

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Big banks slash mortgage rates this week to reflect lower bond yields in Canada

1/15/2024 | Posted in Canadian Housing Market by Sarah Milley
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up noticeably on a month-over-month basis in December 2023.

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Canadian Home Sales See Unexpected Surge to Close Out 2023

1/15/2024 | Posted in Canadian Housing Market by Sarah Milley
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Royal LePage expects sidelined buyers to re-engage this quarter ahead of expected rate cuts by the Bank of Canada,

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National home prices close out 2023 above prior year, despite continued slowdown in market activity
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