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Bank of Canada drops key interest rate
Bank Of CanadaWednesday, December 11, 2024

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.

Rent prices fall to 15-month low: Rentals.ca
Couple LaptopTuesday, December 10, 2024

Average asking rents were down 1.6% on an annual basis, marking the first year-over-year decline since the pandemic.

Toronto home prices set to rise in 2025 but condo market on 'different trajectory': Royal LePage report
Toronto Downtown ViewThursday, December 5, 2024

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.

GTA Home Sales Up Substantially in November
TREB NewsWednesday, December 4, 2024

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 by lower borrowing costs. New listings were also up compared to November 2023, but by a much lesser annual rate. This meant that market conditions tightened, resulting in overall average price growth compared to last year.

OSFI's stress test change sparks industry confusion
Couple Managing DebtFriday, November 29, 2024

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 brokers weren’t aware of.

Canadian housing market set to pick up pace in 2025
Get Home Sold Real EstateWednesday, November 27, 2024

Experts predict a seller's market in nearly half the nation’s housing regions

By how much could the Bank of Canada cut rates in December?
Contract Real Estate MortgageTuesday, November 26, 2024

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 that could impact borrowing costs for Canadians.

Ontario debates sharing tenant arrears data with credit agencies
Home Buyers - Client HandshakeMonday, November 25, 2024

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.

Bank of Canada rate cuts save housing market from collapse, says economist
Sold Home For SaleMonday, November 25, 2024

Rate cuts offered stability, but economic risks and high mortgage rates keep recovery uncertain.

Canada's banking regulator loosens mortgage stress-test rules. Who will benefit?
MortgagesMonday, November 25, 2024

Effective Thursday, uninsured bank borrowers no longer need to show they can afford a higher rate when switching lenders.

Hidden Bank of Canada clues point to another big cut: CIBC economists
Bank of Canada GovernorFriday, November 22, 2024

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 economists say.

This is how much money you need to make to buy a house in Canada's largest cities
Senior Couple Meeting AdvisorThursday, November 21, 2024

The average income needed to buy a home keeps inching down in cities across Canada, according to the latest data.

House prices continue to rise in October as market gains momentum
Teranet-National BankTuesday, November 19, 2024

Conditions on the resale market tightened further in October, with a seller’s market that is synonymous with upward price support.

Canadian Home Sales See Surprise Jump in October
CREA NewsMonday, November 18, 2024

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.

Canada's mortgage renewal wall: A 'headwind' but not a crisis
Bank of Montreal / BMOThursday, November 14, 2024

BMO economist predicts homeowners can absorb higher mortgage rates

Condo vacancy rates hit new low: Developers pivot to bigger units
Condos HighrisesMonday, November 11, 2024

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.

Bank of Canada says changes to mortgage structure will not resolve housing affordability
MortgagesWednesday, November 6, 2024

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 Wednesday, as a wave of mortgage renewals over the next two years threaten to hurt the economy.

TRREB: Sales and Average Selling Price Increases in October
TREB NewsWednesday, November 6, 2024

Greater Toronto Area (GTA) home sales increased strongly year-over-year in October 2024. Over the same period, new listings were up, but by a lesser annual rate. The result was tighter market conditions compared to October 2023. The average selling price was up slightly on an annual basis.

Poilievre asks premiers to axe their sales taxes on new homes worth under $1 million
Single House New Build FramingMonday, November 4, 2024

Conservative Leader Pierre Poilievre has written to the provinces’ premiers, asking them to eliminate their sales taxes on new homes that are under $1 million.

CMHC says risks remain in mortgage market as delinquencies creep up
Mortgage Application FormMonday, November 4, 2024

Canada's housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being issued by alternative lenders.



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