7/12/2024 | Posted in Canadian Housing Market by Francesco Basile
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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. ... More

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  7/11/2024 | Posted in Mortgages and Real Estate by Francesco Basile
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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 ... More

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  6/19/2024 | Posted in Mortgages and Real Estate by Francesco Basile
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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 ... More

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  6/17/2024 | Posted in Canadian Housing Market by Francesco Basile
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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 ... More

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  5/21/2024 | Posted in Canadian Housing Market by Francesco Basile
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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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  5/15/2024 | Posted in Canadian Housing Market by Francesco Basile
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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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  4/12/2024 | Posted in Canadian Housing Market by Francesco Basile
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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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  4/10/2024 | Posted in Canadian Economy and Interest Rates by Francesco Basile
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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

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  4/9/2024 | Posted in Real Estate Market by Francesco Basile
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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

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  4/5/2024 | Posted in Canadian Housing Market by Francesco Basile
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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

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  4/3/2024 | Posted in Canadian Economy and Interest Rates by Francesco Basile
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Economists question their forecasts as inflation expectations challenge anticipated rate cuts ... More

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  3/18/2024 | Posted in Canadian Housing Market by Francesco Basile
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Canadian home prices as measured by the seasonally adjusted Aggregate Composite MLS® Home Price Index (HPI) were flat on a month-over-month basis in February 2024, ending a ... More

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  2/29/2024 | Posted in Canadian Housing Market Predictions by Francesco Basile
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Home prices in Canada are forecast to gain a bit this year and rise further in 2025 on relentless demand for housing amid scant new supply and prospects for interest rate cuts ... More

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  2/14/2024 | Posted in Canadian Housing Market by Francesco Basile
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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

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  2/5/2024 | Posted in Canadian Economy and Interest Rates by Francesco Basile
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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 April. ... More

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  2/4/2024 | Posted in Foreign Buyers by Francesco Basile
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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. ... More

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  1/29/2024 | Posted in Canadian Housing Market by Francesco Basile
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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

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  1/15/2024 | Posted in Canadian Housing Market by Francesco Basile
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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. ... More

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  12/19/2023 | Posted in Mortgage Interest Rates by Francesco Basile
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The Bank of Canada could start cutting interest rates next year as long as core inflation comes down as predicted, BNN Television cited Governor Tiff Macklem as saying in an ... More

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  12/15/2023 | Posted in Canadian Housing Market by Francesco Basile
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The latest statistics released by the Canadian Real Estate Association (CREA) show national home sales were little changed on a month-over-month basis in November 2023. ... More

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  12/13/2023 | Posted in Canadian Housing Market by Francesco Basile
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Some home sellers are struggling to find buyers amid high mortgage costs, according to an economist who says Canada’s housing market is in the midst of “a very healthy ... More

Real Estate & Mortgage News

  11/21/2023 | Posted in Mortgages and Real Estate by Francesco Basile
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From a crackdown to short-term rentals to new investments to create more housing supply, the federal government made housing a key component of its Fall Economic Statement ... More

Real Estate & Mortgage News

  11/15/2023 | Posted in Canadian Housing Market by Francesco Basile
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined on a month-over-month basis in October 2023. ... More

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  11/14/2023 | Posted in Rental Market by Francesco Basile
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The average asking rent in Canada has increased by about $175 over the past six months, and is now nearly 10% higher compared to a year ago. ... More

Real Estate & Mortgage News

  11/9/2023 | Posted in Mortgages and Real Estate by Francesco Basile
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Residential mortgage debt in Canada totalled $2.14 trillion as of August this year, up by 3.4% compared with the same month in 2022 as the value of uninsured mortgages outstanding ... More

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  11/7/2023 | Posted in Canadian Economy and Interest Rates by Francesco Basile
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Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year ... More

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  11/4/2023 | Posted in Rental Market by Francesco Basile
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Rental prices in Canada reached a new high with the average asking price of $2,149 per month, according to a new report. ... More

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  10/25/2023 | Posted in Canadian Economy and Interest Rates by Francesco Basile
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The Bank of Canada delivered its second straight rate hold today, but signalled that it remains concerned about inflationary risks and price pressures. ... More

Real Estate & Mortgage News

  10/18/2023 | Posted in Mortgage News by Francesco Basile
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Canada’s banking regulator has revealed its decision on initial public consultation regarding its B-20 guidelines, indicating in a statement yesterday that it will not ... More

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