Penelope Graham is the Managing Editor of STOREYS. She has over a decade of experience covering real estate, mortgage, and personal finance topics. Her commentary on the housing market is frequently featured on both national and local media outlets including BNN Bloomberg, CBC, The Toronto Star, National Post, and The Globe and Mail.
With home sales down nearly 40% across Canada, real estate agents and brokerages are looking to the lease segment to drive business.
The Bank of Canada ended 2022 with one final hike, increasing its trend-setting interest rate to 4.25%, and hinting another may come in 2023.
Canada's yield curve - the gap between the coupons offered by two-year and 10-year benchmark debt -- are steeply inverted right now.
Real Estate News
Home prices fell another 7% last month in the Greater Toronto Area, as home sales plunged by -49% year over year, reports TRREB.
Real Estate News
The average home price has far to fall before it can be considered affordable for first-time buyers, based on the current earnings gap.
The Bank of Canada will make its final rate announcement of the year next Wednesday, and another 25- to 50-basis-point-hike is in the cards.
Adi Developments announced this morning it has settled with the HCRA on the regulator's intent to revoke its license.
The Sleep Out Champions Edition event held by Covenant House Toronto has raised $3M in 10 years to support youth experiencing homelessness.
As interest rates rise and deal volumes fall, mortgage lenders are using "unorthodox" solutions to make files work, say industry pros.
Call it a self-fulfilling prophecy: the Bank of Canada is being squeezed by higher interest payments as a result of its own monetary policy.
Risk is growing for more variable-rate mortgage borrowers to hit their trigger rate, according to recent speech from the BoC Deputy Governor.