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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.

High Cost of Toronto Commercial Real Estate Stokes Suburban Activity
2024 Greater Toronto Commercial Real Estate TrendsFriday, June 7, 2024

While growing optimism has nudged some long-term developers off the sidelines with regards to land sales, there continues to be an overall impasse between buyers and sellers in the Greater Toronto commercial real estate market

Bank of Canada cuts key rate for first time in more than 4 years
Bank Of CanadaWednesday, June 5, 2024

The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic.

Home Buyers Experience Less Competition in May
TREB NewsWednesday, June 5, 2024

May home sales continued at low levels, especially in comparison to last spring’s short-lived pick-up in market activity as home buyers are still waiting for relief on the mortgage rate front.

The Liberals' savings account for first-time homebuyers mostly got only small deposits
Home Piggy BankSaturday, June 1, 2024

New home savings accounts have been used by 624,000 Canadians according to tax data, with a median deposit of $2,040.

BoC to cut interest rates on June 5, three further times this year: Poll
ConsultingThursday, May 30, 2024

The Bank of Canada will trim interest rates to 4.75% on June 5, according to three-quarters of economists in a Reuters poll which showed three further cuts this year, with the last one hanging on a knife's edge.

Many challenges facing Canada's development land market
Commercial Building High RiseThursday, May 30, 2024

2024 transaction pace is for about $10B in sales, one-third of the activity in 2022

Where are the most mortgage-free homeowners in Canada?
Home Buyers - Client HandshakeThursday, May 30, 2024

A recent study on Statistics Canada data shines light on trend

New legislation includes 10-day 'cooling-off' period for new home purchases
Ontario GovernmentThursday, May 30, 2024

The Ontario government has introduced legislation that includes a new 10-day cooling-off period for purchases of new freehold homes.

Residential mortgage debt hits $2.16 trillion amid slowest growth in 23 years: CMHC
Couple Managing DebtThursday, May 30, 2024

Canada Mortgage and Housing Corp. says the country's total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and representing the slowest growth in 23 years.

Residential mortgage debt hits $2.16 trillion amid slowest growth in 23 years: CMHC
couple outside sold homeWednesday, May 29, 2024

Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and representing the slowest growth in 23 years.

Half of Toronto area residents would consider buying home in more affordable city: Royal LePage
Home Buyers / Home SearchWednesday, May 29, 2024

About half of GTA residents say they would consider leaving to buy property in one of Canada’s more affordable cities, according to a new Royal LePage survey.

More Canadians only making minimum payment on credit cards: TransUnion
Debt PaymentWednesday, May 29, 2024

A new report suggests an increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household budgets.

Q1 CRE transactions plunge 55% in Canada's major markets
Modern Business BuildingMonday, May 27, 2024

Morguard report shows declines in all major commercial real estate sectors

Toronto will allow townhomes, small apartments on major streets
Couple LaptopSaturday, May 25, 2024

Move will open up housing options and build density

Bank Regulator in Canada Warns of Housing-Payment Shock by 2026
Mortgage Application FormWednesday, May 22, 2024

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.

Housing minister says he's trying to convince big cities not to hike development charges
Development charges hikeWednesday, May 22, 2024

Toronto and Ottawa recently raised the fees despite a warning from Fraser that it would cut them off from future funds

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