Real Estate News & Articles

3/23/2023 | Posted in Canadian Housing Market by Heather Lemieux Group
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How could the news impact the national housing market? ... More

Real Estate & Mortgage News

3/22/2023 | Posted in Rental Market by Heather Lemieux Group
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Canada's rental housing shortage will quadruple to 120,000 units by 2026 without a significant boost in stock, Royal Bank of Canada said in a report Wednesday. ... More

Real Estate & Mortgage News

3/20/2023 | Posted in Mortgage Interest Rates by Heather Lemieux Group
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It took some time, but mortgage rates are now responding to last week’s plunge in bond yields stemming from fears about systemic financial risk in the U.S. and Europe. ... More

Real Estate & Mortgage News

3/16/2023 | Posted in Canadian Housing Market by Heather Lemieux Group
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Many Canadian homebuyers were sidelined after interest rates climbed to the highest level in more than a decade last year, but a new report found most individuals that postponed ... More

Real Estate & Mortgage News

3/15/2023 | Posted in Canadian Housing Market by Heather Lemieux Group
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up on a month-over-month basis in February 2023. ... More

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3/14/2023 | Posted in Mortgages and Real Estate by Heather Lemieux Group
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The latest data shows Canadians are spending 7.66% of their household disposable income on servicing their mortgage debt. ... More

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3/14/2023 | Posted in Canadian Economy and Interest Rates by Heather Lemieux Group
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Bond markets predicting interest rates to fall – and possibly very soon ... More

Real Estate & Mortgage News

3/9/2023 | Posted in Canadian Economy and Interest Rates by Heather Lemieux Group
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The central bank has left its policy rate untouched for the first time in over a year ... More

Real Estate & Mortgage News

3/8/2023 | Posted in Canadian Economy and Interest Rates by Heather Lemieux Group
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The Bank of Canada maintained its policy rate at 4.5 per cent, following eight consecutive rate hikes since March. ... More

Real Estate & Mortgage News

3/8/2023 | Posted in Canadian Economy and Interest Rates by Heather Lemieux Group
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Royal Bank of Canada (RBC) has published its report and outlook on the country’s housing market and sees the market downturn headed towards its conclusion. ... More

Real Estate & Mortgage News

3/7/2023 | Posted in Canadian Economy and Housing Market by Heather Lemieux Group
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As home prices and interest rates remain elevated, a record number of non-homeowners think they’ll never afford a house, according to a new survey. ... More

Real Estate & Mortgage News

3/3/2023 | Posted in GTA Real Estate by Heather Lemieux Group
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February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early 2022. ... More

Real Estate & Mortgage News

3/3/2023 | Posted in Canadian Economy and Interest Rates by Heather Lemieux Group
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One year after the Bank of Canada's aggressive rate hike cycle began, economists widely expect the central bank will stick to its plan of holding its key interest rate steady ... More

Real Estate & Mortgage News

3/2/2023 | Posted in New Developments by Heather Lemieux Group
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The federal government's foreign buyer ban aimed at making housing more affordable for Canadians is creating uncertainty for real estate developers, forcing some to put ... More

Real Estate & Mortgage News

3/1/2023 | Posted in First Time Home Buyers by Heather Lemieux Group
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Move over RRSP Home Buyers' Plan (HBP) - there's a new kid in town. The Tax-Free First Home Savings Account (FHSA) arrives on April 1st, 2023. ... More

Real Estate & Mortgage News

3/1/2023 | Posted in Mortgage Interest Rates by Heather Lemieux Group
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Over 70% of CIBC’s variable-rate customers are seeing all of their mortgage payments go towards servicing interest costs. ... More

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2/22/2023 | Posted in Canadian Economy and Interest Rates by Heather Lemieux Group
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Despite a decline in general inflation, grocery prices have increased at double the rate of everything else. That could mean more rate hikes ahead. ... More

Real Estate & Mortgage News

2/17/2023 | Posted in Canadian Economy and Interest Rates by Heather Lemieux Group
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As it fights to regain the confidence it lost during the battle to control inflation last year, a Senate committee has demanded increased parliamentary supervision of the Bank of ... More

Real Estate & Mortgage News

2/16/2023 | Posted in Rental Market by Heather Lemieux Group
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Canada’s explosive population growth from immigration is causing rents to surge in its biggest cities. ... More

Real Estate & Mortgage News

2/16/2023 | Posted in Interest Rates by Heather Lemieux Group
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Governor Tiff Macklem set an optimistic tone in a speech Thursday but kept it real with warnings about potential headwinds ... More

Real Estate & Mortgage News

2/15/2023 | Posted in Canadian Housing Market by Heather Lemieux Group
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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 January 2023. ... More

Real Estate & Mortgage News

2/14/2023 | Posted in Community Involvement by Heather Lemieux Group
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Tell Us what you love about our neighbourhood, in words and/or photos, for your chance to win $250.00 towards a local vendor(s) of your choice.  ... More

Real Estate & Mortgage News

2/14/2023 | Posted in Mortgage Interest Rates by Heather Lemieux Group
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One of the most prominent discussion points between brokers, agents and their clients, the fixed-versus-variable debate, took a significant swing in 2022 as a big trend of ... More

Real Estate & Mortgage News

2/14/2023 | Posted in Canada Living by Heather Lemieux Group
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As Canada prepares to ramp up immigration levels, a new report says the country will need to build 50 per cent more housing than what's already being planned. ... More

Real Estate & Mortgage News

2/10/2023 | Posted in GTA Rental Market by Heather Lemieux Group
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The deficit of rental housing in the Greater Toronto Area is poised to double to 177,000 units over the next decade amid “record high immigration” and declining home ... More

Real Estate & Mortgage News

2/10/2023 | Posted in Canadian Housing Market Predictions by Heather Lemieux Group
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A new report says Canada's housing market will see new listings fall in the first quarter before rebounding later in the year and then, slowing to a more modest growth pace in ... More

Real Estate & Mortgage News

2/8/2023 | Posted in Real Estate News by Heather Lemieux Group
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A recent dip in GoC bond yields has provided some welcome relief – but more twists and turns could be ahead ... More

Real Estate & Mortgage News

2/8/2023 | Posted in Canadian Economy and Interest Rates by Heather Lemieux Group
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Governor Tiff Macklem said the Bank of Canada needs to keep interest rates steady to avoid slowing the economy too much, defending his decision to pause hikes in remarks that were ... More

Real Estate & Mortgage News

2/7/2023 | Posted in Canadian Housing Market by Heather Lemieux Group
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Investors made up between one-fifth and one-third of home purchases in 2020, according to new data from Statistics Canada. ... More

Real Estate & Mortgage News

2/3/2023 | Posted in Toronto News by Heather Lemieux Group
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The deadline for Toronto homeowners to declare whether or not their property is occupied has been extended until the end of the month, Mayor John Tory has announced. ... More

Real Estate & Mortgage News
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