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

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  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

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  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

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  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

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  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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  10/17/2023 | Posted in Canadian Housing Market by Francesco Basile
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Home resales fell by 1.9 per cent across Canada in September, the third month in a row that resale rates have dropped, according to a new report by RBC. ... More

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  10/13/2023 | 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 were down on a month-over-month basis in September 2023. ... More

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  10/5/2023 | Posted in New Developments by Francesco Basile
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The number of new single-detached houses under construction in the first half of 2023 was down 25% compared to last year. ... More

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  9/29/2023 | Posted in Canada Living by Francesco Basile
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Millions of Canadians want to achieve their dream of homeownership, but affordability remains out of reach for many, and changing that will be a slow journey according to RBC. ... More

Real Estate & Mortgage News

  9/15/2023 | 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 were down on a month-over-month basis in August 2023. ... More

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  8/28/2023 | Posted in Canadian Housing Market by Francesco Basile
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The Bank of Canada's June and July interest rate increases essentially put a stop to the housing market’s recovery, says analyst. ... More

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  8/28/2023 | Posted in Canadian Housing Market by Francesco Basile
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Interest rates and borrowing costs may be surging - but Canadian home prices are continuing to rise at a rapid clip, according to new data. ... More

Real Estate & Mortgage News

  8/18/2023 | Posted in Real Estate Market by Francesco Basile
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Home prices posted the second-highest increase ever recorded in a single month after the one observed in July 2006, according to the latest Teranet-National Bank composite index. ... More

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  8/15/2023 | 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 were only slightly changed on a month-over-month basis in July 2023. ... More

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  8/15/2023 | Posted in Commercial Real Estate by Francesco Basile
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A new report by Colliers Canada predicts the national office vacancy rate could peak at approximately 15 per cent by the end of 2024 as the rise of hybrid work models prompt ... More

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  8/14/2023 | Posted in Recreational Properties by Francesco Basile
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The pandemic-era robustness observed in Canada’s recreational real estate segment has moderated amid mounting borrowing costs coupled with reduced demand, according to a new ... More

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  8/12/2023 | Posted in Rental Market by Francesco Basile
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Amidst continued interest rate hikes and economic challenges, the average asking price for a rental unit in Canada reached another new record of $2,078 in July, according to a ... More

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  8/6/2023 | Posted in Mortgages and Real Estate by Francesco Basile
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With the Bank of Canada’s interest rate hikes aimed at fighting inflation, the housing market in Canada experienced a slight drop in prices, according to a new report from ... More

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