As we head into 2024, the state of the economy and the housing market are popular topics. Many economists believe that the central banks may have made some mistakes with their monetary policies, particularly in 2023 when interest rates were raised too high and too...
More than 1 in 4 Canadians plan to purchase an investment property in the next five years: Royal LePage Report 51% of current investors and 23% of non-investors are considering buying an investment property before 2028 Survey highlights: Approximately 4.4 million Canadians currently own an...
I’m going to make a bold statement…The real estate market has caught fire again! For the past 8 to 12 months the real estate market has been in a dormant state. Like someone turning off a light switch the moment the Bank of Canada (BoC) started...
Fixed rates were improving in early February until two data sets were released over the last week. Canada’s employment report came in above expectations. USA inflation data caused a spike in the bond yields. Canada Jobs Report The Canadian labour market added 150k positions in January, with...
Help? What for? Many Canadians are equity-rich by default of owning a home, but don’t know if they should unlock the cash they have earned by selling. If you have owned a home for longer than 18 months you’ve probably seen a decent increase in...
The catchphrase of the fable Henny Penny, The Sky Is Falling, also known as Chicken Little, seems to be the order of the day for media outlets when it comes to real estate. Rising interest rates paint a negative picture and runaway inflation is certainly no...
The Covid-19 pandemic housing boom seems to be coming to a stop. Mortgage rates have almost doubled since the beginning of the year, pricing buyers out of the market. Not to mention prices that are just not attainable for most buyers. With the word recession looming...
December marked the end of a strong seller’s market year in the Greater Toronto Area, with demand consistently outstripping supply. We reached historic records in the GTA for the number of sold homes and average sold prices. A total of 121,712 sales were reported this...
There has probably never been a time in our lives when we've depended on our homes more than we do today. During the un-imaginable realities of today, our homes have become everything to us: our children's classrooms, our offices, our movie theatres and our gyms. That has...
With over 95,000 home sales, the GTA real estate market had its third strongest year on record in 2020. This represents an 8.4% increase over 2019 results despite coming to a near-standstill last spring. December 2020 sales were up a remarkable 65% from...