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How much does $1 million buy you in Canada's housing market?
Middle Age Couple Visiting HouseThursday, February 22, 2024

The purchasing power of buyers with a $1 million budget searching for a home in Canada will widely vary depending on the city they are shopping in with those in Toronto getting less square footage and fewer bedrooms than everywhere aside from Vancouver, according to a new report.

Ontario housing supply overstated by almost 1 million, land development study reveals
Single House New Build FramingThursday, February 22, 2024

Discrepancy debunks notion that construction industry is 'sitting on supply,' say developers

Inflation slows more than expected in January
Canadian Cash MoneyTuesday, February 20, 2024

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 the coming months.

Rent hits another record high in January as average asking price reaches $2,196
House For RentThursday, February 15, 2024

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 rental crisis.

Canadian Home Sales Showing Signs of Recovery
CREA NewsWednesday, February 14, 2024

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 (CREA).

Housing prices expected to hit 'bottom' in Toronto this spring: RBC report
Toronto Downtown ViewMonday, February 12, 2024

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 says.

The Bank of Canada's latest move may signal higher rates
Bank Of CanadaSaturday, February 10, 2024

BoC's cash-management tool reboot suggests no easing on the horizon, surprising markets

2024 rate-cut forecasts being revised following today's mixed-bag jobs report
Statistics CanadaFriday, February 9, 2024

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 year.

Industrial to remain strong suggests Avison Young
Industrial AssetsThursday, February 8, 2024

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 remains strong for qualified assets and strong borrowers.

Bank of Canada says housing affordability is about boosting supply, not lowering interest rates
Bank of Canada GovernorWednesday, February 7, 2024

Monetary policy can’t do everything, central bank governor Tiff Macklem says

GTA REALTORS® Release January 2024 Stats
TREB NewsTuesday, February 6, 2024

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 fixed rate mortgage products. New listings were also up year-over-year but by a lesser annual rate compared to sales. The resulting tighter market conditions when compared to the same period a year earlier, potentially points toward renewed price growth as we move into the spring market.

Tax advantages driving exodus from Canada's priciest housing markets
Young Family Moving In a New HomeTuesday, February 6, 2024

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 rising land transfer and property taxes, is sparking an exodus from the priciest markets.

There's a common theme among Canadians overwhelmed by debt
Debt PaymentTuesday, February 6, 2024

Further analysis of the latest Canadian insolvency stats reveal some revealing elements that typically connect those whose finances have got too much for them.

Market participants still expect the first Bank of Canada rate cut in April
Mortgage Rates - Interest RatesMonday, February 5, 2024

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 April.

Federal government extends foreign buyer ban until 2027
Canadian Real Estate MarketsSunday, February 4, 2024

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.

Fixed mortgage rates in Canada resume their decline amid economic volatility
financial markets reportSaturday, February 3, 2024

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.

TRREB Releases 2023 Q4 Rental Market Statistics
TREB NewsWednesday, January 31, 2024

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 reported through TRREB’s MLS® experienced a strong year-over-year increase. However, the number of units listed for rent was up by an even greater annual rate. This resulted in more choice for renters and a slower pace of rent growth compared to the first half of 2023.

Rent prices rose in 2023 as Canada saw lowest vacancy rate since 1988: CMHC
Home Buyers / Home SearchWednesday, January 31, 2024

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 Corp. began tracking that data in 1988.

Bank of Canada's rate-cut timing uncertain as economic growth beats expectations
Statistics CanadaWednesday, January 31, 2024

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, economists say.

Canada's housing market to stabilize, but don't expect return to "rollicking" price gains, BMO says
Home For Sale Ontario CanadaMonday, January 29, 2024

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 “rollicking” price gains of previous years.



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