9/16/2024 | Posted in Real Estate News by Heather Ann Lemieux
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National home sales increased in June following the Bank of Canada's first interest rate cut since 2020, and activity posted another small gain in August on the heels of the ... More
9/3/2024 | Posted in Canadian Housing Market Predictions by Heather Ann Lemieux
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Interest rate cuts should spark buying activity says RE/MAX Canada ... More
8/15/2024 | Posted in Canadian Housing Market by Heather Ann Lemieux
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While there were early signs of renewed momentum in June following the Bank of Canada’s first interest rate cut since 2020, activity in Canada’s housing market took a ... More
8/7/2024 | Posted in Canadian Economy and Housing Market by Heather Ann Lemieux
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The Bank of Canada sees less risk of housing market overheating due to affordability issues. ... More
7/12/2024 | Posted in Canadian Housing Market by Heather Ann Lemieux
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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
7/11/2024 | Posted in Mortgages and Real Estate by Heather Ann Lemieux
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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
6/19/2024 | Posted in Mortgages and Real Estate by Heather Ann Lemieux
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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
6/17/2024 | Posted in Canadian Housing Market by Heather Ann Lemieux
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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
5/21/2024 | Posted in Canadian Housing Market by Heather Ann Lemieux
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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
5/15/2024 | Posted in Canadian Housing Market by Heather Ann Lemieux
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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
4/12/2024 | Posted in Canadian Housing Market by Heather Ann Lemieux
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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
4/10/2024 | Posted in Canadian Economy and Interest Rates by Heather Ann Lemieux
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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
4/9/2024 | Posted in Real Estate Market by Heather Ann Lemieux
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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
4/5/2024 | Posted in Canadian Housing Market by Heather Ann Lemieux
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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
4/3/2024 | Posted in Canadian Economy and Interest Rates by Heather Ann Lemieux
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Economists question their forecasts as inflation expectations challenge anticipated rate cuts ... More
3/18/2024 | Posted in Canadian Housing Market by Heather Ann Lemieux
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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
2/29/2024 | Posted in Canadian Housing Market Predictions by Heather Ann Lemieux
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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
2/14/2024 | Posted in Canadian Housing Market by Heather Ann Lemieux
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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
2/7/2024 | Posted in Real Estate Market by Heather Ann Lemieux
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Monetary policy can’t do everything, central bank governor Tiff Macklem says ... More
2/5/2024 | Posted in Canadian Economy and Interest Rates by Heather Ann Lemieux
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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
2/4/2024 | Posted in Foreign Buyers by Heather Ann Lemieux
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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
1/29/2024 | Posted in Canadian Housing Market by Heather Ann Lemieux
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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
1/15/2024 | Posted in Canadian Housing Market by Heather Ann Lemieux
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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
12/19/2023 | Posted in Mortgage Interest Rates by Heather Ann Lemieux
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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
12/15/2023 | Posted in Canadian Housing Market by Heather Ann Lemieux
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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
12/13/2023 | Posted in Canadian Housing Market by Heather Ann Lemieux
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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
11/21/2023 | Posted in Mortgages and Real Estate by Heather Ann Lemieux
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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
11/15/2023 | Posted in Canadian Housing Market by Heather Ann Lemieux
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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
11/14/2023 | Posted in Rental Market by Heather Ann Lemieux
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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
11/9/2023 | Posted in Mortgages and Real Estate by Heather Ann Lemieux
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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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