Real Estate News & Articles

5/22/2024 | Posted in Mortgages and Real Estate by Adam Campoli
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Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew. ... More

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5/22/2024 | Posted in Government and Regulation by Adam Campoli
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Toronto and Ottawa recently raised the fees despite a warning from Fraser that it would cut them off from future funds ... More

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5/22/2024 | Posted in Canadian Housing Market by Adam Campoli
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Interest rates for builders and buyers playing into slowdown, putting dozens of housing projects on pause. ... More

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5/21/2024 | Posted in Canadian Economy and Interest Rates by Adam Campoli
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Canada's headline inflation rate continued to ease in April, leaving the door open to a Bank of Canada rate cut next month. ... More

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5/21/2024 | Posted in Canadian Housing Market by Adam Campoli
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The Teranet-National Bank composite house price index which tracks home prices in 11 of Canada's largest cities remained stable from March to April. ... More

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5/17/2024 | Posted in Canada Living by Adam Campoli
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Working population in first 4 months this year surpassed already unprecedented numbers for 2023 ... More

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5/15/2024 | Posted in Canadian Housing Market by Adam Campoli
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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. ... More

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5/10/2024 | Posted in Rental Market by Adam Campoli
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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 time ... More

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5/3/2024 | Posted in GTA Real Estate by Adam Campoli
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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

Real Estate & Mortgage News

5/2/2024 | Posted in New Developments by Adam Campoli
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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 trend ... More

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

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5/2/2024 | Posted in Canadian Economy and Interest Rates by Adam Campoli
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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 ... More

Real Estate & Mortgage News

4/30/2024 | Posted in Home Buyers by Adam Campoli
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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. ... More

Real Estate & Mortgage News

4/30/2024 | Posted in Recreational Properties by Adam Campoli
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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 Adam Campoli
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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. ... More

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4/18/2024 | Posted in Home Buyers by Adam Campoli
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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. ... More

Real Estate & Mortgage News

4/16/2024 | Posted in Government and Regulation by Adam Campoli
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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. ... More

Real Estate & Mortgage News

4/16/2024 | Posted in Canadian Housing Market by Adam Campoli
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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. ... More

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4/16/2024 | Posted in Commercial Real Estate by Adam Campoli
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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

Real Estate & Mortgage News

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

Real Estate & Mortgage News

4/12/2024 | Posted in GTA Real Estate by Adam Campoli
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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 Adam Campoli
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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 Adam Campoli
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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. ... More

Real Estate & Mortgage News

4/11/2024 | Posted in Government and Regulation by Adam Campoli
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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 Adam Campoli
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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. ... More

Real Estate & Mortgage News

4/9/2024 | Posted in Real Estate Market by Adam Campoli
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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. ... More

Real Estate & Mortgage News

4/8/2024 | Posted in Canadian Economy and Interest Rates by Adam Campoli
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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 rate ... More

Real Estate & Mortgage News

4/5/2024 | Posted in Canadian Housing Market by Adam Campoli
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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. ... More

Real Estate & Mortgage News

4/4/2024 | Posted in Canadian Housing Market by Adam Campoli
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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, Canada's ... More

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