My Real Estate Blog - Market Trends, Tips & Updates
Canada's new mortgage rules are here: Insights from brokers
12/16/2024 | Posted in Mortgage News by Paul DeAdder
Sweeping changes to Canada’s mortgage system, announced in September by the federal government, officially took effect on Sunday. Brokers said the changes could open the ... More
Canada's coming mortgage renewal wave: No longer a crisis?
12/17/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
It was billed as a potential looming crisis for Canada’s economy: the wave of mortgages coming up for renewal in 2025 and 2026 at significantly higher rates than those on ... More
Canadian Home Sales Continue to Climb in November
12/16/2024 | Posted in Canadian Housing Market by Paul DeAdder
Home sales activity recorded over Canadian MLS® Systems rose again in November, building on October’s surprise jump.
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Bank of Canada drops key interest rate
12/11/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Canada’s central bank has cut interest rates for the fifth consecutive time to 3.25 per cent as the country’s economy grows at a slower rate than projected.
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12/5/2024 | Posted in Toronto Real Estate by Paul DeAdder
While the Greater Toronto Area is expected to see a bump in home prices in 2025, condo prices will not recover next year, according to a new report by Royal LePage.
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Rent prices fall to 15-month low: Rentals.ca
12/10/2024 | Posted in Rental Market by Paul DeAdder
Average asking rents were down 1.6% on an annual basis, marking the first year-over-year decline since the pandemic.
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GTA Home Sales Up Substantially in November
12/4/2024 | Posted in GTA Real Estate by Paul DeAdder
Greater Toronto Area (GTA) home sales increased strongly on a year-over-year basis in November 2024. Many buyers benefitted from more affordable market conditions brought about ... More
Canadian housing market set to pick up pace in 2025
11/27/2024 | Posted in Canadian Housing Market by Paul DeAdder
Experts predict a seller's market in nearly half the nation’s housing regions
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By how much could the Bank of Canada cut rates in December?
11/26/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
The Bank of Canada (BoC) is preparing for its final rate announcement of 2024 on December 11, with economists anticipating a potential further reduction in its lending rate ... More
OSFI's stress test change sparks industry confusion
11/29/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada’s banking regulator threw the mortgage industry a curve ball last week when a representative suggested there were some restrictions to a recent policy change most ... More
Ontario debates sharing tenant arrears data with credit agencies
11/25/2024 | Posted in Ontario News by Paul DeAdder
Ontario is exploring a proposal to allow credit reporting agencies to access Landlord and Tenant Board (LTB) orders for renters with a history of missed payments.
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Bank of Canada rate cuts save housing market from collapse, says economist
11/25/2024 | Posted in Canadian Housing Market by Paul DeAdder
Rate cuts offered stability, but economic risks and high mortgage rates keep recovery uncertain.
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Canada's banking regulator loosens mortgage stress-test rules. Who will benefit?
11/25/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
Effective Thursday, uninsured bank borrowers no longer need to show they can afford a higher rate when switching lenders.
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Hidden Bank of Canada clues point to another big cut: CIBC economists
11/22/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Various signs point to the Bank of Canada (BoC) cutting interest rates by another half percentage point in December, even if the bank hasn’t said so explicitly, CIBC ... More
This is how much money you need to make to buy a house in Canada's largest cities
11/21/2024 | Posted in Canadian Housing Market by Paul DeAdder
The average income needed to buy a home keeps inching down in cities across Canada, according to the latest data.
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Canada's mortgage renewal wall: A 'headwind' but not a crisis
11/14/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
BMO economist predicts homeowners can absorb higher mortgage rates
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House prices continue to rise in October as market gains momentum
11/19/2024 | Posted in Canadian Housing Market by Paul DeAdder
Conditions on the resale market tightened further in October, with a seller’s market that is synonymous with upward price support.
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Condo vacancy rates hit new low: Developers pivot to bigger units
11/11/2024 | Posted in Real Estate News by Paul DeAdder
Canada’s rental market has hit a critical low in vacancy levels, but developers are struggling to keep pace with the growing demand for new housing.
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Canadian Home Sales See Surprise Jump in October
11/18/2024 | Posted in Canadian Housing Market by Paul DeAdder
Home sales activity recorded over Canadian MLS® Systems increased 7.7% on a month-over-month basis in October 2024, reaching its highest level since April 2022.
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Bank of Canada says changes to mortgage structure will not resolve housing affordability
11/6/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada's housing affordability cannot be resolved by changing the country's unique mortgage structure, the Bank of Canada's Senior Deputy Governor said on ... More
