How are Canadian Mortgage Rates Determined?
Posted on Jan 26, 2024 in Market Conditions
Canadian mortgage rates have been in a state of flux for the last year. The pandemic prompted a trio of interest rate drops, bringing the benchmark rate down to 0.25 per cent. This, in turn, resulted in a housing boom that saw many homebuyers stretch their financing to the limit in order to be able to buy a home. Now that the boom has passed and in...
Is Airbnb Really Causing the Housing Crisis?
Posted on Dec 19, 2023 in Market Conditions
Did Airbnb perpetuate the housing crisis?
In the early days of the coronavirus pandemic, Canada’s rental market cratered, particularly in major urban centres. Many of the large cities, like Toronto and Vancouver, saw condominium units flood the housing market, creating a crash in apartment rents, something that had not been seen in years.
It was a re...
73% of Canadians See Home Ownership as a Good Investment
Posted on Apr 04, 2023 in Market Conditions
Is the Canadian real estate market still a great way to invest?
Over the last year, it has been a challenging time trying to navigate Canada’s housing sector. Since the Bank of Canada (BoC) started raising interest rates this past spring, home sales and prices began retreating from their pandemic-era boom.
In November, national home sales tumbled by...
Over the last year, it has been a challenging time trying to navigate Canada’s housing sector. Since the Bank of Canada (BoC) started raising interest rates this past spring, home sales and prices began retreating from their pandemic-era boom.
In November, national home sales tumbled by...
Is Low Supply Keeping Canadian Real Estate Prices High?
Posted on Nov 04, 2022 in Market Conditions
A year ago, housing affordability dominated national conversations as the Canadian real estate market exploded in growth, across major urban centres and rural communities alike.
For the last couple of months, it seems like this discussion has shifted, with affordability taking a back seat given recent moderation in the market following the unprecede...
For the last couple of months, it seems like this discussion has shifted, with affordability taking a back seat given recent moderation in the market following the unprecede...
What the Bank of Canada’s Interest Rate Hikes Mean for Homeowners
Posted on Nov 01, 2022 in Market Conditions
Why Fall Might Be the Best Time to Sell Your Home
Posted on Oct 10, 2022 in Market Conditions
About the time pumpkin spice lattes hit the menu at your local café you may want to have your house ready to hit the market. Why? Next to spring, fall is arguably the best time to sell your home. In fact, it may even have some advantages over the spring market. Read on to learn why fall might be the best time to wear plaid, indulge in everything pu...