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Paul DeAdder | Real Estate Sales Representative Serving 
Halifax & Surrounding Area | RE/MAX Nova

My Real Estate Blog - Market Trends, Tips & Updates

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More Canadians living paycheque to paycheque with growing debt

9/30/2022 | Posted in Canada Living by Paul DeAdder

Personal finances of millions of Canadians are worsening, and more people are concerned about their high levels of debt

... More

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Canada cuts home price outlook

9/30/2022 | Posted in Canadian Housing Market Predictions by Paul DeAdder

Canada’s national housing agency plans to revamp its forecasts to call for a drop of as much as 15% in home prices, as higher mortgage rates threaten to cause a ... More

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Foreign buyers' ban proposals: private lending association reacts

9/29/2022 | Posted in Foreign Buyers by Paul DeAdder

Proposals by the federal government to restrict foreign access to the Canadian housing market run the risk of complicating mortgage financing while not adequately addressing ... More

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60-30-10 Color Rule: How to Use It & How to Break It

9/28/2022 | Posted in Home Owners by Paul DeAdder

The 60 percent + 30 percent + 10 percent proportion is meant to give balance to the colors used in any space and is incredibly simple to use.

... More

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New construction home buyers vanish as interest rates rise

9/28/2022 | Posted in New Developments by Paul DeAdder

Sales levels of condos and single-family homes were more than 80 per cent lower than last August, says the homebuilders’ association.

... More

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Big banks hike short-term fixed mortgage rates as their popularity grows

9/25/2022 | Posted in Mortgage Interest Rates by Paul DeAdder

Over the past week, nearly all of Canada’s Big-6 banks have increased their shorter-term fixed mortgage rates.

... More

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Renting is growing twice as fast as home ownership, census reveals

9/22/2022 | Posted in Canadian Housing Market by Paul DeAdder

10 million households own their home, while 5 million rent. But the gap is narrowing.

... More

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RBC on the state of Canada's household wealth

9/21/2022 | Posted in Home Owners by Paul DeAdder

Significant slowdown in housing, bond, and equity markets had a major influence on Q2 figures

... More

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Canadian rent prices reach a three-year high, up 17% from pandemic lows

9/20/2022 | Posted in Rental Market by Paul DeAdder

Having been on an upward trend since early last year, average rent prices have now eclipsed pre-pandemic levels.

... More

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Teranet-National Bank House Price Index: Record price drop in August

9/20/2022 | Posted in Canadian Housing Market by Paul DeAdder

In addition to recording a fourth consecutive monthly decline on a seasonally adjusted basis, the Teranet-National Bank Composite House Price Index™ experienced its ... More

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Which Canadian cities are seeing home prices fall the fastest?

9/19/2022 | Posted in Canadian Housing Market by Paul DeAdder

"It's abundantly clear where the worst spots are," says BMO economist

... More

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OSFI has no plans to loosen the stress test

9/14/2022 | Posted in Home Buyers by Paul DeAdder

Despite today’s mortgage borrowers having to qualify at rates in excess of 6% and 7%, Canada’s banking regulator said no changes to the stress test are ... More

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Canada housing starts drop in August

9/16/2022 | Posted in New Developments by Paul DeAdder

A decline in multi-unit urban starts contributed to a slower month overall, according to the latest data from CMHC.

... More

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Interest rates: TD, Scotia see Bank of Canada heading to 4%

9/14/2022 | Posted in Interest Rates by Paul DeAdder

TD Securities and Scotiabank's top economists think there’s more room to run for the Bank of Canada as it increases interest rates from the pandemic ... More

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CRE investment outlook good, but less capital available

9/15/2022 | Posted in Commercial Real Estate by Paul DeAdder

Despite ongoing economic uncertainty, Canada remains a good place to invest according to senior executives who closed the Sept. 8 RealREIT conference in Toronto with a ... More

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Canadian home sales post small decline from July to August

9/15/2022 | Posted in Canadian Housing Market by Paul DeAdder

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales slowed slightly in August 2022.

... More

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Canadians are falling deeper into debt: Statistics Canada

9/12/2022 | Posted in Canada Living by Paul DeAdder

New data from Statistics Canada shows that Canadians are sliding deeper into debt.

... More

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Canadian banking regulator insists it will not budge over mortgage rules

9/9/2022 | Posted in Home Buyers by Paul DeAdder

Renewed calls to re-evaluate the stress test came in the wake of the Bank of Canada's latest outsized rate hike

... More

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Canadians turning to credit unions for mortgages as interest rates jump

9/8/2022 | Posted in Home Buyers by Paul DeAdder

In a country where the Big Six banks control 80 per cent mortgage market share, Canada’s smaller lenders are making some rare headway after the Bank of Canada’s ... More

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Bank of Canada announces another big rate hike

9/7/2022 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

The Bank of Canada has increased its benchmark rate by 0.75%, marking a fifth consecutive hike in its latest effort to get surging price growth under control.

... More

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