by The Baldwin England Team | Nov 24, 2023 | Market Updates
Market Insight for November 24 Getting on the property ladder is so tough these days more young Canadians despair of ever getting to the first rung. Prices have cooled since the pandemic housing boom, but higher mortgage rates are a new hurdle for would-be buyers. A...
by The Baldwin England Team | 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...
by The Baldwin England Team | 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,...
by The Baldwin England Team | 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...
by The Baldwin England Team | 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...
by The Baldwin England Team | 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...
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