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Paul DeAdder | Real Estate Sales Representative Serving 
Halifax & Surrounding Area | Sutton City Realty Inc., Brokerage

My Real Estate Blog - Market Trends, Tips & Updates

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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


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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


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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.

... More


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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.

... More


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Toronto home prices set to rise in 2025 but condo market on 'different trajectory': Royal LePage report

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.

... More


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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.

... More


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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


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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

... More


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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


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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


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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.

... More


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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.

... More


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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


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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.

... More


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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

... More


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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.

... More


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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.

... More


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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.

... More


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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


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