Real Estate News, Articles, Reports, Analysys & Trends

5/15/2024 | Posted in Canadian Housing Market by Sheru Asnani
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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.

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Home Buyers Remain Cautious Amid Increasing Spring Listings

5/10/2024 | Posted in Rental Market by Sheru Asnani
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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 ... More

April asking rent prices up 9.3% across Canada; as Ontario sees only decline: report

5/2/2024 | Posted in New Developments by Sheru Asnani
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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 ... More

Cranes Are... Dropping? UrbanToronto Reports the Crane Count for Q1 2024

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

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Parental wealth boosts young Canadians' home ownership

5/2/2024 | Posted in Canadian Economy and Interest Rates by Sheru Asnani
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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

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Bank of Canada set for June rate cut, diverging from Fed

4/30/2024 | Posted in Recreational Properties by Sheru Asnani
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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

Canada's 2024 recreational property market holds steady amid demographic shifts and policy influences

4/30/2024 | Posted in Canadian Economy and Interest Rates by Sheru Asnani
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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.

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Canada's latest GDP figures may prompt Bank of Canada summer rate cut: Economists

5/3/2024 | Posted in GTA Real Estate by Sheru Asnani
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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

TRREB: More Choice for Home Buyers in April

4/30/2024 | Posted in Home Buyers by Sheru Asnani
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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.

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Majority of aspiring homeowners awaiting rate cuts before buying: BMO survey

4/16/2024 | Posted in Commercial Real Estate by Sheru Asnani
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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

Toronto's Commercial Real Estate Update

4/16/2024 | Posted in Government and Regulation by Sheru Asnani
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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.

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Budget 2024 housing highlights: capital gains inclusion rate on secondary homes rises to 66.7%

4/18/2024 | Posted in Home Buyers by Sheru Asnani
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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.

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Fixed mortgage rates are rising. What's the deal?

4/16/2024 | Posted in Canadian Housing Market by Sheru Asnani
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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.

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Housing starts down seven per cent in March from February: CMHC

4/12/2024 | Posted in Government and Regulation by Sheru Asnani
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The federal government today confirmed plans to consult with the mortgage industry on developing income verification tools through the Canada Revenue Agency.

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Feds commit to exploring CRA income verification in budget 2024 to address mortgage fraud

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

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OSFI announces new stress test for uninsured mortgages

4/12/2024 | Posted in GTA Real Estate by Sheru Asnani
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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

GTA home prices to see biggest gains in 2024 as Canada's housing market set for 'uncomfortably busy' fall: Royal LePage

4/11/2024 | Posted in Government and Regulation by Sheru Asnani
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Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians ... More

Ottawa to allow 30-year amortization for first-time buyers' mortgages on new homes

4/12/2024 | Posted in Canadian Housing Market by Sheru Asnani
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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

Hints of Active Spring Market in March Housing Data

4/10/2024 | Posted in Canadian Economy and Interest Rates by Sheru Asnani
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The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent.

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Bank of Canada announces key interest rate decision

4/9/2024 | Posted in Real Estate Market by Sheru Asnani
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The housing affordability crisis in Canada is reaching alarming new heights, impacting middle-income families far beyond major cities, according to a new report from RBC.

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Housing crisis will worsen without imminent action, says RBC

4/8/2024 | Posted in Canadian Economy and Interest Rates by Sheru Asnani
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The Bank of Canada is widely expected to keep its key overnight rate on hold Wednesday, as it gathers more evidence of cooling inflation before delivering its first interest ... More

Bank of Canada to keep rates on hold this week, first cut seen as early as June

4/5/2024 | Posted in Canadian Housing Market by Sheru Asnani
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The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026.

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Home prices could hit peak levels by next year, set new highs in 2026: CMHC report

4/4/2024 | Posted in Canadian Housing Market by Sheru Asnani
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Canadian homebuilders are expected to dial back new construction for a third straight year in 2024 as elevated borrowing costs reduce the appeal of starting projects, ... More

Canada homebuilding down for third year, housing agency predicts

4/2/2024 | Posted in Government and Regulation by Sheru Asnani
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Prime Minister Justin Trudeau is pressuring Canada’s provinces to remove barriers to building more housing, including requiring them to freeze municipal development ... More

Trudeau offers billions to boost homebuilding - with strings attached

4/3/2024 | Posted in Canadian Economy and Interest Rates by Sheru Asnani
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Economists question their forecasts as inflation expectations challenge anticipated rate cuts

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Inflation expectations cast shadow on BoC's rate decision

4/3/2024 | Posted in GTA Real Estate by Sheru Asnani
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Greater Toronto Area (GTA) REALTORS® reported 6,560 sales through TRREB’s MLS® System in March 2024 – down by 4.5 per cent compared to March 2023.

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Selling Prices Up In March and Set to Accelerate This Spring

4/2/2024 | Posted in Luxury Real Estate by Sheru Asnani
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Luxury real estate sales have increased across the country in the first two months of the year but larger markets like Toronto are seeing less activity as some buyers look ... More

Luxury home sales surge in parts of Canada as buyers flee expensive big cities

3/27/2024 | Posted in Recreational Properties by Sheru Asnani
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Median home prices in the country’s recreational housing markets are forecast to rise 5% in 2024 as demand grows for scarce listings.

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Canadian recreational home prices expected to climb 5% this year amid supply squeeze

3/22/2024 | Posted in Government and Regulation by Sheru Asnani
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Canada’s banking regulator says it has no plans to remove the stress test on uninsured mortgages for borrowers who choose to switch lenders.

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OSFI rejects Competition Bureau recommendation to drop mortgage stress test for lender switches
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