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Toronto new condo sales plummeted to lowest level since 1997 in first half of year: report
New Construction w SupervisorsThursday, July 18, 2024

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 inventory levels.

Supply in Canada's property market surges as mortgage renewals loom
MortgagesWednesday, July 17, 2024

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 than a decade and signalling a big drop in prices in the coming months.

Inflation report "all but guarantees" a Bank of Canada rate cut next week: economists
business data reportingTuesday, July 16, 2024

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.

Bottom is nigh for most CRE valuations, office still a struggle: Altus
Building OfficesTuesday, July 16, 2024

The bottom is in sight for commercial real estate valuations, though there’s probably more room for office values to continue their decline.

The hidden cost of rising debt: why checking your credit report matters more than ever
Debt PaymentSunday, July 14, 2024

With interest rates and borrowing costs at elevated levels, it’s more important than ever to ensure your credit report is in good standing.

Canadian Housing Activity Perks Up in June
CREA NewsFriday, July 12, 2024

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 month.

Interest rate cut hasn't led to rush of homebuyer demand yet: Royal LePage report
Home BuyersThursday, July 11, 2024

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 rate last month did not lead to a rush in demand.

Canadian rent price growth slows to lowest level in 13 months
House For RentWednesday, July 10, 2024

In June, the average rent price in Canada rose 7% year-over-year, marking the slowest growth rate in 13 months.

TRREB: June Home Buyers Eying Further Interest Rate Relief
TREB NewsThursday, July 4, 2024

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)

Ontario government sets 2025 rental cap for most units
Ontario GovernmentFriday, June 28, 2024

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 cent. The rent increase guideline is the maximum amount a landlord can increase rent during the year for most tenants without the approval of the Landlord and Tenant Board.

More than one-third of first time Ontario homebuyers get help with down payments. A new report suggests the gifts average $128K
Home BuyersTuesday, June 25, 2024

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.

Economists say BoC could cut interest rates again in July if inflation keeps cooling
Bank Of CanadaSunday, June 23, 2024

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 years.

Most Canadian renters can't afford to buy a home due to insufficient income
Own or Rent SignFriday, June 21, 2024

Many Canadian renters do not plan to purchase a home in the near future, with affordability challenges being a significant factor.

Bank of Canada considered waiting until July to cut interest rates
Bank of Canada GovernorWednesday, June 19, 2024

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 deliberations reveals.

Bank of Canada officials worry that rate cuts may overheat the housing market
Bank Of Canada ReportWednesday, June 19, 2024

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 overheat the housing market.

2024 Re/Max Commercial Real Estate Report Highlights Key Trends
Calculator / Analysis / ReportingTuesday, June 18, 2024

The new report analyzed 12 markets nationwide in Q1 2024, identifying 13 key trends.

Canadian Housing Activity Sees Another Quiet Month in May
CREA NewsMonday, June 17, 2024

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 a little higher, the Bank of Canada’s recent rate drop will likely lead to increased activity moving forward.

Borrowers must adapt to 'new normal' of higher rates, says Macklem
Taken by supriseSunday, June 16, 2024

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.

OSFI doubles down on keeping stress test for uninsured mortgage switches
Stressed CoupleThursday, June 13, 2024

The head of Canada’s banking regulator stood firm in rejecting renewed calls to remove the mortgage stress test on uninsured mortgage switches.

Average Canadian rent hits an all-time high of $2,202
Market GrowthSaturday, June 8, 2024

Average rents across Canada are now up 32% from their pandemic lows.

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