New Year, New Bank of Canada Rate Decrease
The Bank of Canada has just reduced its key overnight rate by an additional 25 basis points (0.25 percentage points), bringing it down to 3%. This latest reduction marks the sixth consecutive rate cut in 2024, following a series of five earlier reductions. However, today’s move is less aggressive than the two previous 50-basis-point cuts, […]
How to Pick the Best Canadian Mortgage for You Right Now
Canadian mortgage borrowers are facing economic uncertainty due to political changes, potential U.S. tariffs, and falling interest rates. Experts suggest that whether to choose a fixed- or variable-rate mortgage depends on market conditions. Variable rates may be appealing if rates continue to fall, but fixed ratesoffer more stability and are currently more competitive. For those unsure about future […]
CREA Forecasts Strong Spring Market
In 2024, Canada’s real estate market showed mixed trends. The luxury sector remained robust, with sales of high-end homes in cities like Toronto and Vancouver remaining steady or even increasing. Price growth is expected in major cities like Vancouver, Toronto, and Montreal in 2025. On the rental side, after years of rising rents, there was […]
Canmore Introduces New Housing Rules to Improve Housing Affordability
Canmore, a popular Alberta tourist destination, is facing a housing affordability crisis despite its scenic views and proximity to Calgary. To address this, the Town Council formed a Livability Task Force in 2023, focusing on three main goals: phasing out the Tourist Home Designation, exploring tax incentives for long-term occupancy, and promoting the development of […]
Canada’s housing market will see a “traditional spring surge” in 2025
Canada’s real estate market is expected to rebound in 2025, with activity likely to pick up as early as March. Factors driving this recovery include stabilizing interest rates, the return of sidelined buyers, and a potential increase in property inventory. Professionals predict a more traditional spring surge in sales after a quiet 2024, where sales […]
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
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 […]
Boomers Own 38% of America’s Homes—but More Than Half Never Plan To Sell Their Homes
Homebuyers hoping for an influx of homes from aging baby boomers may be disappointed, as a Clever Real Estate survey reveals that 54% of boomers intend to keep their homes. Boomers, aged 60 to 78, make up 21% of the U.S. population and own 38% of the nation’s homes, contributing to tight housing inventory. Many […]