Real Estate News, Articles, Reports, Analysys & Trends

3/2/2024 | Posted in Home Buyers by Sunny Purewal
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The federal government has announced it will be discontinuing its First-Time Home Buyer Incentive (FTHBI) program as of March 21.

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CMHC to scrap First-Time Home Buyer Incentive and refocus funding on other tools

3/4/2024 | Posted in Canadian Economy and Interest Rates by Sunny Purewal
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The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the stage for rate ... More

Bank of Canada expected to hold interest rates this week as grey cloud hangs over economy

3/1/2024 | Posted in Toronto News by Sunny Purewal
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Toronto is extending its vacant home tax declaration deadline, giving homeowners two more weeks to submit their occupancy status or face a fee.

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Toronto extends vacant home tax deadline, fine for failure to submit

2/29/2024 | Posted in Canada Living by Sunny Purewal
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The cost of living in Toronto went up nearly 20 per cent between 2017 and 2022 – but that’s less than half the increase seen in the city’s housing prices over ... More

Toronto home prices up 42 per cent over last five years, cost of living up 17 per cent: report

2/29/2024 | Posted in Canadian Housing Market Predictions by Sunny Purewal
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Home prices in Canada are forecast to gain a bit this year and rise further in 2025 on relentless demand for housing amid scant new supply and prospects for interest rate cuts ... More

Canada's home prices to rise again on stretched demand-supply gap

2/28/2024 | Posted in Interest Rates by Sunny Purewal
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Could Canada’s headline inflation rate reach the neutral target of 2% by this summer, a full year sooner than the Bank of Canada’s own forecasts?

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We could reach 2% inflation by this summer: National Bank

2/27/2024 | Posted in Home Buyers by Sunny Purewal
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One third of Canadians are considering alternative home ownership models, a new survey has found, as purchasing a home remains out of reach amid an ongoing affordability ... More

One-third of Canadians considering alternative home ownership models amid low affordability

2/22/2024 | Posted in Canadian Housing Market by Sunny Purewal
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The purchasing power of buyers with a $1 million budget searching for a home in Canada will widely vary depending on the city they are shopping in with those in Toronto getting ... More

How much does $1 million buy you in Canada's housing market?

2/22/2024 | Posted in Ontario Real Estate by Sunny Purewal
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Discrepancy debunks notion that construction industry is 'sitting on supply,' say developers

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Ontario housing supply overstated by almost 1 million, land development study reveals

2/20/2024 | Posted in Canadian Economy and Interest Rates by Sunny Purewal
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Canadian consumer prices eased at the start of this year, with progress on underlying pressures likely to give the Bank of Canada more room to start considering rate cuts in ... More

Inflation slows more than expected in January

2/15/2024 | Posted in Rental Market by Sunny Purewal
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The average asking price for rent in Canada reached $2,196 in January, a 10 per cent increase from this time last year — marking another record high amid a deepening ... More

Rent hits another record high in January as average asking price reaches $2,196

2/14/2024 | Posted in Canadian Housing Market by Sunny Purewal
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Following a weak second half of 2023, home sales over the last two months are showing signs of recovery, according to the latest data from the Canadian Real Estate Association ... More

Canadian Home Sales Showing Signs of Recovery

2/9/2024 | Posted in Canadian Economy and Interest Rates by Sunny Purewal
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Today's employment report for January, in which the unemployment rate ticked down, has caused bond markets and economist to further reel-in their rate-cut forecasts for the ... More

2024 rate-cut forecasts being revised following today's mixed-bag jobs report

2/12/2024 | Posted in GTA Real Estate by Sunny Purewal
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Canada is seeing “early signs” of a housing market upturn and Toronto could see prices bottom out this spring, a recent report from the Royal Bank of Canada ... More

Housing prices expected to hit 'bottom' in Toronto this spring: RBC report

2/10/2024 | Posted in Interest Rates by Sunny Purewal
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BoC's cash-management tool reboot suggests no easing on the horizon, surprising markets

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The Bank of Canada's latest move may signal higher rates

2/8/2024 | Posted in Commercial Real Estate by Sunny Purewal
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Avison Young has released its Q1 Canadian cap rate and investment trends report, forecasting that although lenders will remain conservative in 2024, capital from lenders ... More

Industrial to remain strong suggests Avison Young

2/3/2024 | Posted in Interest Rates by Sunny Purewal
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After a short-lived upswing in bond yields last month that nudged some fixed mortgage rates higher, lenders are once again bringing them back down.

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Fixed mortgage rates in Canada resume their decline amid economic volatility

2/4/2024 | Posted in Foreign Buyers by Sunny Purewal
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The federal government today announced a two-year extension to its foreign buyer ban in what it says is an effort to make housing more affordable for Canadians.

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Federal government extends foreign buyer ban until 2027

2/5/2024 | Posted in Canadian Economy and Interest Rates by Sunny Purewal
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Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by ... More

Market participants still expect the first Bank of Canada rate cut in April

2/6/2024 | Posted in Financial Health by Sunny Purewal
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Further analysis of the latest Canadian insolvency stats reveal some revealing elements that typically connect those whose finances have got too much for them.

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There's a common theme among Canadians overwhelmed by debt

2/6/2024 | Posted in Canada Living by Sunny Purewal
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A new report published today reveals that the burden on buyers from provincial governments’ billions of dollars in levies and development fees on new construction, and ... More

Tax advantages driving exodus from Canada's priciest housing markets

2/6/2024 | Posted in GTA Real Estate by Sunny Purewal
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Home sales were up in January 2024 in comparison to January 2023. This annual increase came as some homebuyers started to benefit from lower borrowing costs associated with ... More

GTA REALTORS® Release January 2024 Stats

1/22/2024 | Posted in Canada Living by Sunny Purewal
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Canada’s pace of population growth continues to set records as the country brings in a historic number of temporary residents, largely through international student and ... More

Canada reports fastest population growth in history in third quarter of 2023

1/29/2024 | Posted in Canadian Housing Market by Sunny Purewal
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Stability is expected to return to the country’s housing market this year as interest rates ease, but homeowners shouldn’t expect a return to the ... More

Canada's housing market to stabilize, but don't expect return to

1/31/2024 | Posted in Rental Market by Sunny Purewal
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Condominium apartment leasing activity continued to be strong in the fourth quarter of 2023 according to the latest data released by TRREB. The number of lease transactions ... More

TRREB Releases 2023 Q4 Rental Market Statistics

1/31/2024 | Posted in Canadian Economy and Interest Rates by Sunny Purewal
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Canada’s economy outperformed growth expectations to end the year, which means the Bank of Canada could feel less pressure to start cutting rates in the near term, ... More

Bank of Canada's rate-cut timing uncertain as economic growth beats expectations

1/31/2024 | Posted in Rental Market by Sunny Purewal
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Rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record since the Canada Mortgage and Housing ... More

Rent prices rose in 2023 as Canada saw lowest vacancy rate since 1988: CMHC

1/25/2024 | Posted in Mortgages and Real Estate by Sunny Purewal
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Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022.

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Under-35 households lead the way in reducing mortgage debt, StatCan reports

1/24/2024 | Posted in Canadian Economy and Interest Rates by Sunny Purewal
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The Bank of Canada has left its policy rate unchanged in its first announcement of the year, keeping rates where they are for a fourth straight decision but giving little ... More

Bank of Canada reveals first rate decision of 2024
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