How much does it cost to build a house in Ontario?

The cost of building a custom home in Ontario ranges from $500 to $1,000 per square foot, depending on factors like location, design, and materials. In cities like Toronto or Vancouver, a typical custom home could cost between $750,000 and $1.5 million, while in smaller markets like Halifax, it may range from $320,000 to $640,000. […]
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 […]
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
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 […]
Canadian Housing Market Displays Signs of Stability as Interest Rates Start to Decrease
Overview of Current Trends The Canadian housing market is beginning to exhibit signs of stabilization, particularly as interest rates show a downward trend. This shift is expected to positively influence buyer sentiment and overall market activity. Interest Rate Developments Recent data indicates that interest rates are on the decline, which could alleviate some financial pressures […]