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Market Insight for November 17

by | Nov 17, 2023 | Market Updates

Market Insight for November 17 Rent prices in Toronto have declined marginally for some unit types while the cost of renting an apartment elsewhere in Canada is surging to new heights, according to a new report from Rentals.ca and Urbanation. Rates have persistently...

Market Insight for November 10

by | Nov 10, 2023 | Market Updates

Market Insight for November 10 Troubling headwinds continue to persist in the preconstruction real estate industry as homebuyers are unable to close their transactions and are walking away from sizable deposits, some worth as much as $300,000. It’s a new phenomenon,...

Market Insight for October 27

by | Oct 27, 2023 | Market Updates

Market Insight for October 27 The Bank of Canada says higher interest rates have not dragged down home prices as much as expected, because a shortage of homes in the country is keeping values elevated. The central bank kept its benchmark interest rate unchanged...

Market Insight for October 13

by | Oct 13, 2023 | Market Updates

Market Insight for October 13 Owners of housing units that are sitting empty will soon have to pay more, with Toronto city council voting Wednesday to hike the vacant home tax from one to three per cent of a property’s assessed value. The measure, which takes aim at...

Market Insight for Sep 29

by | Sep 29, 2023 | Market Updates

Market Insight for Sep 29 Soaring interest rates are inducing anxiety in nearly half of Canadian homeowners for whom mortgage renewal looms. Interest rates have risen from 0.25% to 5% in 18 months. Twenty percent of homeowners “worry all the time” about their ability...

Market Update for Sept 22

by | Sep 22, 2023 | Market Updates

Market Update for Sept 22 On a monthly basis, average home prices fell in six Canadian cities and increased in four urban markets in August, according to a new market survey by Ratehub.ca. “Mortgage rates continued to increase slightly from July to August 2023 with...