9/16/2024 | Posted in Real Estate News by Marti Philp
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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

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  9/3/2024 | Posted in Canadian Housing Market Predictions by Marti Philp
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Interest rate cuts should spark buying activity says RE/MAX Canada ... More

Real Estate & Mortgage News

  8/15/2024 | Posted in Canadian Housing Market by Marti Philp
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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

Real Estate & Mortgage News

  8/7/2024 | Posted in Canadian Economy and Housing Market by Marti Philp
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The Bank of Canada sees less risk of housing market overheating due to affordability issues. ... More

Real Estate & Mortgage News

  7/12/2024 | Posted in Canadian Housing Market by Marti Philp
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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

Real Estate & Mortgage News

  7/11/2024 | Posted in Mortgages and Real Estate by Marti Philp
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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

Real Estate & Mortgage News

  6/19/2024 | Posted in Mortgages and Real Estate by Marti Philp
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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

Real Estate & Mortgage News

  6/17/2024 | Posted in Canadian Housing Market by Marti Philp
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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

Real Estate & Mortgage News

  5/21/2024 | Posted in Canadian Housing Market by Marti Philp
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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

Real Estate & Mortgage News

  5/15/2024 | Posted in Canadian Housing Market by Marti Philp
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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

Real Estate & Mortgage News

  4/12/2024 | Posted in Canadian Housing Market by Marti Philp
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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

Real Estate & Mortgage News

  4/10/2024 | Posted in Canadian Economy and Interest Rates by Marti Philp
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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

Real Estate & Mortgage News

  4/9/2024 | Posted in Real Estate Market by Marti Philp
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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

Real Estate & Mortgage News

  4/5/2024 | Posted in Canadian Housing Market by Marti Philp
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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

Real Estate & Mortgage News

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

Real Estate & Mortgage News

  3/18/2024 | Posted in Canadian Housing Market by Marti Philp
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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

Real Estate & Mortgage News

  2/29/2024 | Posted in Canadian Housing Market Predictions by Marti Philp
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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

Real Estate & Mortgage News

  2/14/2024 | Posted in Canadian Housing Market by Marti Philp
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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

Real Estate & Mortgage News

  2/5/2024 | Posted in Canadian Economy and Interest Rates by Marti Philp
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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 Marti Philp
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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

Real Estate & Mortgage News

  1/29/2024 | Posted in Canadian Housing Market by Marti Philp
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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

Real Estate & Mortgage News

  1/15/2024 | Posted in Canadian Housing Market by Marti Philp
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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

Real Estate & Mortgage News

  12/19/2023 | Posted in Mortgage Interest Rates by Marti Philp
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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

Real Estate & Mortgage News

  12/15/2023 | Posted in Canadian Housing Market by Marti Philp
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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

Real Estate & Mortgage News

  12/13/2023 | Posted in Canadian Housing Market by Marti Philp
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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 Marti Philp
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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 Marti Philp
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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

Real Estate & Mortgage News

  11/14/2023 | Posted in Rental Market by Marti Philp
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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 Marti Philp
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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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