The cost of rents is slowing but continues to grow at more than twice the level of our 2.5% inflation rate, according to the new National Rent Report released by Rentals.ca. Average monthly rents are now $2,201 with increases registering in Vancouver and Toronto. While the growth in rental costs is at its slowest for…
Read more
WIth two interest rate cuts under our belt, and more promised by the Bank of Canada, how is this affecting the spending power of those wanting to buy their first home, or upgrade to a bigger property? So far, Canada has seen rates cut for two successive months, moving the cost of cash from 5%…
Read more
Parents are being called the “Sandwich Generation”, caught between helping their own children as well as their mothers and fathers, a consequence of living longer. The days when parents’ greatest concern was paying for the kids’ college education have now morphed into helping them onto the property ownership ladder. It’s amazing to think that almost…
Read more
For months now, owners have been keeping a keen eye on the falling rate of inflation in the hope it would signal cheaper mortgage costs and boost the property market. Now Canada’s inflation is 2.5%. It doesn’t mean anything is any cheaper, but it signals the fast pace of price rises, which most global economies…
Read more
These lazy days of summer can lull you into a false sense of security if you’re planning to sell your home this fall. Consider spending some of your spare time working on your home to maximise its value even if that means missing out on the occasional trip to enjoy the warm weather. Making a…
Read more
With interest rates now 0.5% less than just a few weeks ago, Canadian homeowners and buyers are poised to spur the market back into action. Whether the two recent rate cuts from the Bank of Canada will be sufficient to electrify the market remains to be seen. However, Canada is one of the first developed…
Read more
Residential sales have been predicted to rise by more than 6% this year as the Canadian real estate market begins to bounce back from a quiet start to the year. Two interest cuts that have taken the cash rate to 4.5% are expected to entice more sellers into the market to meet the pent-up demand…
Read more
The latest data from digital marketplace Wowa suggests a two-speed real estate scene across Canada right now. Even with two recent interest cuts that took the benchmark to 4.5%, parts of the property market remain red-hot while others appear stuck on the cool side. Wowa’s Housing Market Report released in June found national transactions totalled…
Read more
Moving into your first home is incredibly exciting and marks the beginning of an important chapter in your life. If you are thinking of embarking on some major upgrades, it may pay to get to know your new home well first. It’s worth keeping a journal of your general first impressions of living in the…
Read more
In a sign we’re experiencing a calm before the storm, new data shows the Canadian property market is edging slightly down as buyers welcome a reduction in our 20-year-high interest rate. While the Bank of Canada’s 0.25% interest rate reduction will not substantially move the market, the BoC’s declared intention to reduce mortgage costs has…
Read more
