Condo insurance premiums are maintaining their elevated pace, which began around a year ago, as a consequence of extreme weather events, says LowestRates.ca.
Home sales dipped ever so slightly by 0.5% in August from a month earlier, says the Canadian Real Estate Association (CREA), adding that markets are beginning to stabilize after months of historically accelerated levels.
Social media is a great way for realtors to reach wider audiences, including both industry peers and consumers, but not everybody is cut out for it. In that case, says Simeon Papailias, co-founder and managing partner of REC Canada, be authentic.
The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate, estimating the first rate hike in the second half of 2022.
The winter buying frenzy in Canada’s housing market has given way to a restrained pace of sales that will culminate in prices flattening early next year, says a report from RBC Economics.
Homeowners should beware of buyers soliciting them with cash offers, says the president of Right at Home Realty. It can be problematic for all-too-trusting homeowners and here's why.
The Toronto-based company offers a service that enables clients to create their own will and power of attorney documents online.
The Mississauga Food Bank has had a 60% increase in people using its services since the pandemic began a year ago compared to the previous 12 months.
"We’re finding a lot of couples are buying because they’re passing our site on their way to wineries and they say to themselves, ‘Oh my God, we can live here now.’"
According to the CREA data, new listings rose by 15.7% last month from January, and the sales-to-new-listings ratio is so high that everything available is selling.
Statistics Canada released the February 2021 Labour Force Survey showing much stronger-than-expected job growth. Economists were pleasantly surprised by the rapid rebound.
Joy Station Condos by Liberty Development is planning its first phase composed of two 22-storey towers containing over 500 units.
The word “bubble” has crept back into housing analysts’ vernacular lately, and looking at the 905 region, it’s not difficult to understand why.
"Everyone says low rates help people through lower payments. It’s beneficial for entrants when the mortgage rate is 1.5%, but prices rise incrementally to offset low rates."
Q4 growth came in at a surprisingly strong 9.6% annual rate—double the pace expected by the Bank.
“Condominium sales compensated for the decrease in single-family home sales in February," Charles Brant, director of market analysis at the QPAREB, said.
Investment property purchases are fast becoming the domain of millennials and Generation Z, who see more value in secondary and tertiary markets. They’re particularly active in the Niagara region.
The governing Liberal Party’s election promise to introduce a new tax-free home savings account that would function much like RSPs and TFSAs to help first-time buyers is a welcome pledge, says Christelle Mwamba, an agent with Mortgage Scout.
The Conservative Party of Canada has pledged to create a new market for fixed mortgages in the seven- to 10-year range in a bid to create housing affordability, and the pledge holds water, says a Toronto-based mortgage professional.
Housing is top of mind for Canadians with the federal election less than a week away, but unless political parties cut the red tape responsible for the chronic undersupply of housing in key markets, the affordability woes will persist.
Riverwalk Niagara is hosting an RSVP-only event this Saturday at the Scotiabank Convention Centre in Niagara Falls where attendees can benefit from an incentive-laden package.
Homes with illegal secondary suites have proliferated in Calgary during the last few decades, but with the city ready to crack down in January, investors need to know how to be on the right side of these changes.
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