My Real Estate Blog - Market Trends, Tips & Updates
TRREB: September Home Sales Improve Over Last Year
10/3/2024 | Posted in GTA Real Estate by Paul DeAdder
Greater Toronto Area (GTA) home sales increased year-over-year in September. Buyers were starting to take advantage of more affordable market conditions brought about by ... More
Homeowners won't face mortgage stress test if renewing with new lender: OSFI
9/26/2024 | Posted in Home Owners by Paul DeAdder
Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress ... More
Federal government releases technical details of its latest mortgage changes
9/25/2024 | Posted in Government and Regulation by Paul DeAdder
As a follow-up to last week’s announcement, the federal government has unveiled a more detailed framework for its updated mortgage rules, which are set to take effect on ... More
Is breaking your mortgage for a lower rate worth the prepayment penalty?
9/22/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
As interest rates continue to drop, borrowers might wonder if they should renegotiate their fixed-rate mortgage. But at what cost?
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CMHC says annual pace of housing starts in Canada slowed in August
9/17/2024 | Posted in Canadian Housing Market by Paul DeAdder
Canada Mortgage and Housing Corp. says the annual pace of housing starts in August slowed 22 per cent compared with July.
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Federal government raises insured mortgage cap to $1.5M, expands 30-year amortizations
9/17/2024 | Posted in Government and Regulation by Paul DeAdder
The federal government has unveiled sweeping changes to Canada’s mortgage system, calling them the “boldest reforms in decades.”
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Canadian Housing Activity Remains in Holding Pattern
9/16/2024 | Posted in Real Estate News by Paul DeAdder
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 ... More
Canada Building Permits Surge in July, Far Exceeding Expectations
9/13/2024 | Posted in New Developments by Paul DeAdder
The total value of building permits surged by 22.1% month-over-month to $12.39 billion in July 2024, far exceeding market expectations of a 2.5% increase, following an upwardly ... More
Bank of Canada to Start Jumbo Rate Cuts by December, CIBC Says
9/12/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
One of the country’s biggest lenders says the Bank of Canada will accelerate the pace of monetary easing in order to stave off recession.
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Toronto remains a top tech talent market, but leasing activity slow
9/10/2024 | Posted in Commercial Real Estate by Paul DeAdder
CBRE report ranks Toronto as 4th-best North American market, has largest job growth since 2018
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Rate cuts have yet to budge GTA housing market: RBC
9/10/2024 | Posted in Canadian Housing Market by Paul DeAdder
While the Bank of Canada may be lowering interest rates, the move is not having an immediate effect on Canada‘s housing market, an economist at one of Canada’s ... More
Investors showed "confidence" in Canada's commercial real estate sector in Q2: Morguard
9/5/2024 | Posted in Commercial Real Estate by Paul DeAdder
Canada’s commercial real estate sector saw positive momentum in the second quarter of the year, according to a new report, which notes further reductions in borrowing ... More
Interest rate cut welcome news for homeowners with variable-rate mortgages
9/5/2024 | Posted in Mortgage Interest Rates by Paul DeAdder
Real estate experts say the Bank of Canada’s third consecutive interest rate cut is welcome news for variable-rate mortgage holders, but it could still be some time ... More
TRREB: GTA Housing Market Becoming More Affordable
9/5/2024 | Posted in GTA Real Estate by Paul DeAdder
Greater Toronto Area (GTA) home sales were down on a year-over-year basis in August 2024. New listings were up slightly over the same period. While the region’s housing ... More
Bank of Canada makes third rate cut in a row
9/4/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The Bank of Canada has cut its policy rate by a further 25 basis points in its September decision, marking a third consecutive move to bring rates lower.
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New report calls for urgent government action as GTA home sales in July at an all-time low
8/28/2024 | Posted in Canadian Housing Market by Paul DeAdder
A home building industry association says new home sales in July were at an all-time low, and is calling on urgent action from the government.
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Canadian house prices could rise by up to 6% in steady fall market
9/3/2024 | Posted in Canadian Housing Market Predictions by Paul DeAdder
Interest rate cuts should spark buying activity says RE/MAX Canada
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The Bank of Canada is expected to cut rates again, with U.S. Fed on deck
9/3/2024 | Posted in Interest Rates by Paul DeAdder
The Bank of Canada is widely expected to deliver a third consecutive interest rate cut on Wednesday as inflationary forces continue to cool on both sides of the Canada-United ... More
Inflation eases further in July: Bank of Canada poised for rate cut
8/20/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Inflation is continuing to ease, leaving the door open to another Bank of Canada rate cut in September, economists say.
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Preparing for your mortgage renewal: Tips to ease the stress of higher payments
8/13/2024 | Posted in Mortgage Advice by Paul DeAdder
Millions of Canadian homeowners are facing mortgage renewals in the coming years, with many feeling stressed as they prepare for higher payments amid persistently elevated ... More
