Real Estate News & Articles

5/30/2024 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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The Bank of Canada will trim interest rates to 4.75% on June 5, according to three-quarters of economists in a Reuters poll which showed three further cuts this year, with the ... More

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5/30/2024 | Posted in Government and Regulation by Jim Turnbull
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The Ontario government has introduced legislation that includes a new 10-day cooling-off period for purchases of new freehold homes. ... More

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5/29/2024 | Posted in Mortgages and Real Estate by Jim Turnbull
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Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and ... More

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5/29/2024 | Posted in GTA News by Jim Turnbull
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About half of GTA residents say they would consider leaving to buy property in one of Canada’s more affordable cities, according to a new Royal LePage survey. ... More

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5/29/2024 | Posted in Financial Health by Jim Turnbull
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A new report suggests an increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household ... More

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5/25/2024 | Posted in Toronto Real Estate by Jim Turnbull
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Move will open up housing options and build density ... More

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5/22/2024 | Posted in Mortgages and Real Estate by Jim Turnbull
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Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew. ... More

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5/22/2024 | Posted in Government and Regulation by Jim Turnbull
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Toronto and Ottawa recently raised the fees despite a warning from Fraser that it would cut them off from future funds ... More

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5/22/2024 | Posted in Canadian Housing Market by Jim Turnbull
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Interest rates for builders and buyers playing into slowdown, putting dozens of housing projects on pause. ... More

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5/21/2024 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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Canada's headline inflation rate continued to ease in April, leaving the door open to a Bank of Canada rate cut next month. ... More

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5/21/2024 | Posted in Canadian Housing Market by Jim Turnbull
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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

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5/17/2024 | Posted in Canada Living by Jim Turnbull
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Working population in first 4 months this year surpassed already unprecedented numbers for 2023 ... More

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5/15/2024 | Posted in Canadian Housing Market by Jim Turnbull
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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

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5/10/2024 | Posted in Rental Market by Jim Turnbull
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The average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first time ... More

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5/3/2024 | Posted in GTA Real Estate by Jim Turnbull
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April 2024 home sales were down in comparison to April 2023, when there was a temporary resurgence in market activity. New listings were up strongly year-over-year, which meant ... More

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5/2/2024 | Posted in New Developments by Jim Turnbull
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As of the beginning of April, 2024, 324 cranes towered over the skies of the Greater Toronto and Hamilton Area (GTHA), representing a slight, but persistent, downward trend ... More

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5/2/2024 | Posted in Canada Living by Jim Turnbull
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New study shows how parental wealth significantly affects millennials and Gen Z's home ownership and property values in Canada ... More

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5/2/2024 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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Economic stagnation prompts the Bank of Canada to plan a rate cut in June, contrasting with the US Federal Reserve's strategy ... More

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4/30/2024 | Posted in Home Buyers by Jim Turnbull
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The majority of Canadians aspiring to buy a home say they will push their plans to next year or later to wait for interest rates to drop, a new survey shows. ... More

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4/30/2024 | Posted in Recreational Properties by Jim Turnbull
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Canada’s recreational property market hasn’t seen an influx of listings and is unlikely to at all this year, according to Re/Max Canada’s 2024 Cottage Trends ... More

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4/30/2024 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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Canada’s quarterly gross domestic product edged up 0.2% in February, suggesting the Bank of Canada may have a reason to cut rates in the summer. ... More

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4/18/2024 | Posted in Home Buyers by Jim Turnbull
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As variable-rate mortgage holders eagerly anticipate the Bank of Canada’s first rate cut, fixed rates are heading in the other direction: up. ... More

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4/16/2024 | Posted in Government and Regulation by Jim Turnbull
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Housing was a key priority in today’s federal budget, though it came as no surprise given the array of housing-related policy announcements unveiled in recent weeks. ... More

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4/16/2024 | Posted in Canadian Housing Market by Jim Turnbull
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Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February. ... More

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4/16/2024 | Posted in Commercial Real Estate by Jim Turnbull
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An Altus Group study found that, in the final quarter of 2023, the Greater Toronto Area (GTA) witnessed a total dollar volume of $22.8 billion in 2023’s final quarter, ... More

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4/16/2024 | Posted in Mortgages and Real Estate by Jim Turnbull
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Canadian regulator cracks down on high-debt mortgages to protect borrowers ... More

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4/12/2024 | Posted in GTA Real Estate by Jim Turnbull
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Housing prices in the GTA are expected to rise 10 per cent this year and will likely surpass those in Greater Vancouver by the end of 2024, according to an updated forecast by ... More

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4/12/2024 | Posted in Canadian Housing Market by Jim Turnbull
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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

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