Market optimism faded in February as trade war fears and harsh weather slowed activity across major cities. Toronto: Home resales plunged 29%, hitting a new cycle low. Increased listings gave buyers leverage, pushing prices down 1.5% month-over-month. Montreal: Sales fell 11%, the steepest drop in four years. Prices remain up annually but may cool amid […]
Warren Buffett has famously referred to tariffs as an “act of war” and warned that, unless the tooth fairy intervenes, they are inevitably inflationary. Given this perspective, it’s reasonable to view former President Donald Trump’s declared tariffs as a sign of economic hostility. When we turn our focus to the #1 asset most people own—housing—it’s […]
This Friday, February 28, 2025, a rare 7-planet parade will light up the sky in a mesmerizing display. Mercury, Venus, Mars, Jupiter, and Saturn will be visible to the naked eye, while Neptune and Uranus require a telescope. The best time to see it? Right after sunset – don’t miss out on this once-in-a-lifetime celestial […]
The new year has sparked renewed confidence among Canadian home sellers, leading to a surge in new listings across major cities like Vancouver, Toronto, and Montreal. Transaction activity also saw an uptick in markets such as Toronto, Edmonton, and Montreal, signaling that the market is continuing its recovery. The increase in available listings is helping […]
Currently, nearly 100 uncompleted condo high-rises across the GTA are in financial jeopardy. At the same time, homelessness in Toronto is estimated to exceed 80,000. Such financial crises are often a playground for shrewd investors with deep pockets. But why should REITs and investment firms be the sole beneficiaries of the irrational exuberance from 2017 […]
Predicting the real estate market in Canada for 2025 involves assessing a range of economic, demographic, and policy factors. While no prediction can be exact, here are some potential trends and developments to watch for in the Canadian real estate market in 2025: 1. Price Stabilization or Slow Growth Current Trends: Canadian real estate prices […]
Finance Minister Freeland doubles down on eligible RRSP contributions and extends the repayment period. Will these initiatives make a difference? How can you take advantage of these new rulings? Simply Contact any of the Experienced Agents for a confidential discussion and embark on your journey toward homeownership. Read more here!
Repositioning the housing market is one of those annual conundrums. According to C.M.H.C, if the market place is to restore the factor of Affordability Canada will need to build approx. 3.5 million additional housing units by 2030. Fortuitously most people have heard the federal government announcement that immigration quotas will be reduced in 2024 from […]
If all things remain equal (Ceteris Paribus), interest rates are expected to decline through 2024/25. The extent of this decline is the trillion-dollar question. Meanwhile, 60% of property owners will be refinancing their mortgages. The newly posted rates are anticipated to increase a family’s monthly mortgage payments by at least 40%. Additionally, 20% of […]
Feeling Verklempt about the recent mortgage rates ? Apparently the Lone Ranger and Tonto are apparently riding to your rescue. The Government intends to introduce a New Canadian Mortgage Charter. Salient points: 1: Extended Mortgage Amortization Periods. 2: Allowing borrowers to switch lenders under the insured qualifying minimum rate. 3: Eliminate superfluous banking charges. (minimal penalties) […]