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Residential mortgage debt hits $2.16 trillion amid slowest growth in 23 years: CMHC
couple outside sold homeWednesday, May 29, 2024

Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and representing the slowest growth in 23 years.

Half of Toronto area residents would consider buying home in more affordable city: Royal LePage
Home Buyers / Home SearchWednesday, May 29, 2024

About half of GTA residents say they would consider leaving to buy property in one of Canada’s more affordable cities, according to a new Royal LePage survey.

More Canadians only making minimum payment on credit cards: TransUnion
Debt PaymentWednesday, May 29, 2024

A new report suggests an increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household budgets.

Q1 CRE transactions plunge 55% in Canada's major markets
Commercial Building High RiseMonday, May 27, 2024

Morguard report shows declines in all major commercial real estate sectors

Toronto will allow townhomes, small apartments on major streets
Couple LaptopSaturday, May 25, 2024

Move will open up housing options and build density

Bank Regulator in Canada Warns of Housing-Payment Shock by 2026
Mortgage Application FormWednesday, May 22, 2024

Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew.

Housing minister says he's trying to convince big cities not to hike development charges
Development charges hikeWednesday, May 22, 2024

Toronto and Ottawa recently raised the fees despite a warning from Fraser that it would cut them off from future funds

Ontario's pace of new home construction slows to 2018 levels
Housing Starts / New DevelopmentsWednesday, May 22, 2024

Interest rates for builders and buyers playing into slowdown, putting dozens of housing projects on pause.

June rate cut still a "close call" despite lower inflation in April
Bank Of CanadaTuesday, May 21, 2024

Canada's headline inflation rate continued to ease in April, leaving the door open to a Bank of Canada rate cut next month.

Teranet-National Bank composite house price index held steady in April
Teranet-National BankTuesday, May 21, 2024

The Teranet-National Bank composite house price index which tracks home prices in 11 of Canada's largest cities remained stable from March to April.

'Huge increases': Economists sound alarm over impact of Canada population growth on housing market
market reports on businessFriday, May 17, 2024

Working population in first 4 months this year surpassed already unprecedented numbers for 2023

Home Buyers Remain Cautious Amid Increasing Spring Listings
CREA NewsWednesday, May 15, 2024

Canadian home sales dipped in April 2024 when compared to March, even as the number of properties available for sale rose to kick off the spring market.

April asking rent prices up 9.3% across Canada; as Ontario sees only decline: report
House For RentFriday, May 10, 2024

The average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first time since January, a new report says.

TRREB: More Choice for Home Buyers in April
TREB NewsFriday, May 3, 2024

April 2024 home sales were down in comparison to April 2023, when there was a temporary resurgence in market activity. New listings were up strongly year-over-year, which meant there was increased choice for home buyers and little movement in the average selling price compared to last year.

Cranes Are... Dropping? UrbanToronto Reports the Crane Count for Q1 2024
New Construction w SupervisorsThursday, May 2, 2024

As of the beginning of April, 2024, 324 cranes towered over the skies of the Greater Toronto and Hamilton Area (GTHA), representing a slight, but persistent, downward trend of both the previous quarter, and the same month last year. 

Parental wealth boosts young Canadians' home ownership
Home Purchase ContractThursday, May 2, 2024

New study shows how parental wealth significantly affects millennials and Gen Z's home ownership and property values in Canada

Bank of Canada set for June rate cut, diverging from Fed
Bank Of Canada ReportThursday, May 2, 2024

Economic stagnation prompts the Bank of Canada to plan a rate cut in June, contrasting with the US Federal Reserve's strategy

Majority of aspiring homeowners awaiting rate cuts before buying: BMO survey
Home Buyers / Home SearchTuesday, April 30, 2024

The majority of Canadians aspiring to buy a home say they will push their plans to next year or later to wait for interest rates to drop, a new survey shows.

Canada's 2024 recreational property market holds steady amid demographic shifts and policy influences
Vacation PropertyTuesday, April 30, 2024

Canada’s recreational property market hasn’t seen an influx of listings and is unlikely to at all this year, according to Re/Max Canada’s 2024 Cottage Trends Report.

Canada's latest GDP figures may prompt Bank of Canada summer rate cut: Economists
Mortgage Rates - Interest RatesTuesday, April 30, 2024

Canada’s quarterly gross domestic product edged up 0.2% in February, suggesting the Bank of Canada may have a reason to cut rates in the summer.

Royal LePage Real Estate Services Ltd., Brokerage
3031 Bloor Street West - Toronto, Ontario, M8X 1C5
Office (416) 236-1871       Fax (416) 239-5493       Cell (416) 577-0117

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