Stability returns to Canadian housing market, prices to rise 6% in 2025
The Canadian housing market is expected to stabilize in 2025, with declining interest rates and new lending rules bringing buyers back. Royal LePage forecasts a 6% rise in the average home price, reaching $856,692 by Q4 2025. Single-family detached homes are predicted to see a 7% price increase, while condo prices are expected to grow […]
Here’s What 500k Can Buy You Across Canada
Here are 10 homes for sale under $500,000, ranging from a modern, move-in ready three-bedroom home in Edmonton to a beautifully renovated two-story house with three large bedrooms and a generous backyard in Arnprior, near Ottawa. Read More
BoC Delivers (another) Big Drop
The Bank of Canada lowered its key overnight rate by another 50 basis points (0.5 percentage points), bringing it to 3.25%. This marks the fifth reduction in the central bank’s policy rate since June and the second consecutive cut of this magnitude. Read More
Real Estate in Canadian Ski Destinations Is Expected to Heat Up
Canada’s winter vacation property market, which has been slow in 2023, is expected to recover in 2024. Prices for single-family homes in 18 popular winter destinations are projected to rise by 7.5%, reaching a median of $1,019,960. Ontario’s Southern Georgian Bay region is forecast to see a 10% price increase, while British Columbia’s Whistler area […]
Housing Supply in Calgary and Surrounding Areas is Up Despite Strong Demand
Calgary’s housing market is showing signs of improvement, with inventory levels rising from near-record lows in 2023. In October, sales reached 2,174 units, 24% above long-term averages for the month, though the year-over-year increase was modest at just 0.2%. Housing supply has also risen significantly, from 3,025 units in October 2023 to 4,966 units this […]
These GTA Cities are Among Canadas Safest
When evaluating the safety of a city, various elements come into play, including crime statistics, community demographics, and overall quality of life. Although Canada is widely recognized as a secure country to reside in, certain cities stand out as particularly safe, especially within the Greater Toronto Area (GTA). Read More
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Top 7 Mistakes Sellers Make
Top Seven Mistakes Sellers Make in the first 2 weeks on the Market. I have been in the real estate business since 2002. That’s over 22 years of experience watching sellers make these same mistakes over and over, and the best service I can offer is to educate them. 1. Coming on the market overpriced […]
Property Listings expected to surge in 2025 as over 1 million mortgages come up for renewal
Homeowners in Canada may face challenges over the upcoming year when renewing their mortgages in 2025, particularly with higher interest rates on fixed mortgages than when they purchased. With this forecast in mind, homeowners need to be thinking about how to maintain the greatest equity in their home and ease the potential stress of these […]
Real Estate Disruptor ComFree Is Back
Founders of Canada’s largest for sale by owner company revive the brand EDMONTON, AB, Oct. 29, 2024 /CNW/ – After a 15-year hiatus, real estate disruptor ComFree is now back and in the hands of its Edmonton-based founders. Originally launched in 1996 in Winnipeg as a small local business, Erin and Travis Holowach purchased real […]