Real Estate News & Articles
12/11/2024 | Posted in Canadian Economy and Interest Rates by Sam & Nancy Cuda
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Canada’s central bank has cut interest rates for the fifth consecutive time to 3.25 per cent as the country’s economy grows at a slower rate than projected. ... More
12/10/2024 | Posted in Rental Market by Sam & Nancy Cuda
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Average asking rents were down 1.6% on an annual basis, marking the first year-over-year decline since the pandemic. ... More
12/5/2024 | Posted in Toronto Real Estate by Sam & Nancy Cuda
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While the Greater Toronto Area is expected to see a bump in home prices in 2025, condo prices will not recover next year, according to a new report by Royal LePage. ... More
12/4/2024 | Posted in GTA Real Estate by Sam & Nancy Cuda
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Greater Toronto Area (GTA) home sales increased strongly on a year-over-year basis in November 2024. Many buyers benefitted from more affordable market conditions brought about by ... More
11/29/2024 | Posted in Mortgages and Real Estate by Sam & Nancy Cuda
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Canada’s banking regulator threw the mortgage industry a curve ball last week when a representative suggested there were some restrictions to a recent policy change most ... More
11/27/2024 | Posted in Canadian Housing Market by Sam & Nancy Cuda
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Experts predict a seller's market in nearly half the nation’s housing regions ... More
11/26/2024 | Posted in Mortgages and Real Estate by Sam & Nancy Cuda
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The Bank of Canada (BoC) is preparing for its final rate announcement of 2024 on December 11, with economists anticipating a potential further reduction in its lending rate that ... More
11/25/2024 | Posted in Ontario News by Sam & Nancy Cuda
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Ontario is exploring a proposal to allow credit reporting agencies to access Landlord and Tenant Board (LTB) orders for renters with a history of missed payments. ... More
11/25/2024 | Posted in Canadian Housing Market by Sam & Nancy Cuda
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Rate cuts offered stability, but economic risks and high mortgage rates keep recovery uncertain. ... More
11/25/2024 | Posted in Mortgages and Real Estate by Sam & Nancy Cuda
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Effective Thursday, uninsured bank borrowers no longer need to show they can afford a higher rate when switching lenders. ... More
11/22/2024 | Posted in Canadian Economy and Interest Rates by Sam & Nancy Cuda
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Various signs point to the Bank of Canada (BoC) cutting interest rates by another half percentage point in December, even if the bank hasn’t said so explicitly, CIBC ... More
11/21/2024 | Posted in Canadian Housing Market by Sam & Nancy Cuda
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The average income needed to buy a home keeps inching down in cities across Canada, according to the latest data. ... More
11/19/2024 | Posted in Canadian Housing Market by Sam & Nancy Cuda
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Conditions on the resale market tightened further in October, with a seller’s market that is synonymous with upward price support. ... More
11/18/2024 | Posted in Canadian Housing Market by Sam & Nancy Cuda
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Home sales activity recorded over Canadian MLS® Systems increased 7.7% on a month-over-month basis in October 2024, reaching its highest level since April 2022. ... More
11/14/2024 | Posted in Mortgages and Real Estate by Sam & Nancy Cuda
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BMO economist predicts homeowners can absorb higher mortgage rates ... More
11/11/2024 | Posted in Real Estate News by Sam & Nancy Cuda
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Canada’s rental market has hit a critical low in vacancy levels, but developers are struggling to keep pace with the growing demand for new housing. ... More
11/6/2024 | Posted in Mortgages and Real Estate by Sam & Nancy Cuda
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Canada's housing affordability cannot be resolved by changing the country's unique mortgage structure, the Bank of Canada's Senior Deputy Governor said on Wednesday, ... More
11/6/2024 | Posted in GTA Real Estate by Sam & Nancy Cuda
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Greater Toronto Area (GTA) home sales increased strongly year-over-year in October 2024. Over the same period, new listings were up, but by a lesser annual rate. The result was ... More
11/4/2024 | Posted in Government and Regulation by Sam & Nancy Cuda
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Conservative Leader Pierre Poilievre has written to the provinces’ premiers, asking them to eliminate their sales taxes on new homes that are under $1 million. ... More
11/4/2024 | Posted in Mortgages and Real Estate by Sam & Nancy Cuda
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Canada's housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being ... More
10/31/2024 | Posted in First Time Home Buyers by Sam & Nancy Cuda
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With the benchmark prices for a home in Toronto or Vancouver at over a million dollars, the prospect of saving enough for a down payment to enter the real estate market can be a ... More
10/29/2024 | Posted in Real Estate Market by Sam & Nancy Cuda
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A new report says that while fewer young Canadians own a home compared with three years ago, a majority of millennials and Gen Z adults still plan to purchase one in the next five ... More
10/28/2024 | Posted in New Developments by Sam & Nancy Cuda
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New home sales in the Greater Toronto Area remained sluggish last month, but a new report suggests that the market is now primed for buyers following four consecutive interest ... More
10/25/2024 | Posted in Home Buyers by Sam & Nancy Cuda
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The federal government allowed 30-year mortgage amortizations for first-time homebuyers purchasing new builds in August, and the new rules are set to expand in December to ... More
10/24/2024 | Posted in Mortgages and Real Estate by Sam & Nancy Cuda
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More Canadian homeowners are considering switching to variable rate from fixed rate mortgages after an unusually large interest rate cut by the central bank on Wednesday, mortgage ... More
10/23/2024 | Posted in Commercial Real Estate by Sam & Nancy Cuda
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What does today’s 50 basis point interest rate cut mean for the Canadian commercial real estate market? ... More
10/23/2024 | Posted in Canadian Economy and Interest Rates by Sam & Nancy Cuda
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The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75%, its first bigger-than-usual move in more than four years, and hailed signs the country ... More
10/23/2024 | Posted in Toronto News by Sam & Nancy Cuda
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Landlords who plan to evict tenants to renovate their properties may soon be required to apply for a licence and provide additional financial compensation to the tenants they are ... More
10/21/2024 | Posted in Interest Rates by Sam & Nancy Cuda
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Five of Canada's biggest banks are now expecting a larger-than-usual interest rate cut from the Bank of Canada after inflation numbers came in lower than anticipated. ... More
10/18/2024 | Posted in Condos For Sale by Sam & Nancy Cuda
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New condo sales in the Greater Toronto and Hamilton Area are continuing to drop off, falling 81 per cent in the third quarter of 2024 compared to the same period last year, ... More
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