Canadians will often debate whether riding the stock market rollercoaster or buying property is the better investment. And while we all know real estate values have risen, there’s been precious little data to show the power of property ownership to generate wealth. Until now. A new study from Statistics Canada says that for the past…
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After cutting interest rates more aggressively than any Western economy, the Bank of Canada (BoC) has decided it’s time for reflection and has kept the cash rate on hold at 2.75%, ending a 14-month run of cuts. The central bank held the rate at 5% from July 2023 to May 2024 before beginning a series…
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The first sign of the Canadian real estate market turning the corner has come with a 3.6% lift in the number of home sales and national price averages holding firm. It’s the first time since November that the number of homes sold has increased, says the Canadian Real Estate Association (CREA). The MLS Home Price…
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Easing concerns around US tariffs and falling interest rates have ignited renewed interest in the real estate market with the sales numbers rising for two successive months. With 86% of exports to America remaining duty-free under the current Canada-United States-Mexico Agreement (CUSMA), consumer confidence has rebounded from its March slump. Consumer spending has remained resilient…
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An intriguing article has been published on the popular real estate website Realtor.com, claiming mortgage lenders are checking the social media profiles of prospective clients. It says lenders are seeking out information on the professional side of your life, trying to substantiate your work history and make a judgment on your track record as an…
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The nation’s ability to build more homes has become one of the most hotly-contested issues in Australian politics. While the new Labor Government has made several high-profile promises on housing, most relate to helping Australians buy their first homes. Underpinning Labor’s pledges, however, is the nation’s capacity to build more homes to meet demand. Our…
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As Australia moves on from a historic election victory for the Labor Party, it’s worth reflecting on what it promised voters before we all went to the polls. Housing became a central theme of last month’s election, and the policies of the returned Labor Government are likely to have an impact on the ability of…
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The track record of property as a high-quality investment has been underlined again by new data showing the number of homes now valued at more than $1 million has increased by almost 25% in the past decade. Fewer than 10% of properties could boast $1 million values back in April 2015, but now that figure…
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After months of owners holding onto their properties tightly and bolstering prices, the pendulum is swinging back in favour of buyers, and especially for Kiwis who are seeking to upgrade. The recent 0.25% reduction in interest rates – the Official Cash Rate (OCR) has now fallen from 5.25% last August to 3.25% – is offering…
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Australians are normally a careful people when it comes to money, and the prospect of a federal election is enough to put most property purchases on hold as buyers wait to see which party and policies win the day. Not this time. Buyer demand for homes across Australia showed no sign of stalling as the…
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