Finance
Real Estate News
"A Return To Stability": Royal LePage Releases 2025 Home Price Forecast
Pending potentially damaging evolutions in political leadership, global conflict, and trade agreements, Royal LePage is predicting a return to stability in Canada's housing market come 2025, with prices appreciating at a steady rate.
Dec 05, 2024
Taxes
Taxes Make Up 36% Of Ontario New Home Prices, Study Finds
According to the organization, 70% of these taxes come from development charges and fees as governments now rake in four times more revenue from the sale of a new home than builders.
Mortgages
Canadian Mortgage Delinquencies Ease Amid Bank Of Canada Rate Cuts
While the phrase ‘mortgage delinquency’ may incite feelings of doom, gloom, and dread, a just-released report from Equifax comes through with a (relatively) positive swing.
Mortgages
Why The Mortgage Renewal 'Wall' Could Be More Of A "Modest Headwind"
Senior Economist at BMO Robert Kavcic explains why most Canadian homeowners will survive the 4 million+ mortgage renewals set to take place over the next two years.
$5M Waterfront Penthouse With 360-Degree Sun Room Listed In Victoria
The penthouse sits atop 21 Dallas Road, right next to Fisherman's Wharf in Victoria.
Policy
Recent Immigration Cuts Could Lower Rents, Shrink Housing Supply Gap
Assistant Chief Economist at RBC Robert Hogue is calling the revised immigration targets "one of the more consequential policy reversals in recent memory."
Mortgages
85% Of Mortgages Up For Renewal In 2025 Face Higher Interest Rates
A certain percentage of those with mortgages up for renewal in 2025 could experience interest rates anywhere from 1% to 2.25% higher than when they entered into their last term.
Taxes
After “Axe The Tax” Announcement, Poilievre Calls On Premiers To Follow Suit
In a letter to premiers, Poilievre asked to “match my common sense sales tax cut with one of your own by axing the provincial sales tax (where applicable) on new homes under $1 million.”
Condos
Average GTA Condo Prices Dropped By Over 23K Annually In Q3
In what has been a common tune for a while now, TRREB's Q3 2024 Condo Market Report is posting dwindling sales, growing inventory, and a declining price point for condominium apartments in the GTA.
Finance
Newly Launched Financing Model Makes It Easier To Access Your Home Equity
The Home Equity Partners Inc. has debuted a HESA model in Canada, giving GTA homeowners the opportunity to access flexible financing by tapping into their home’s value. The best part? It doesn't involve taking on debilitating debt.
Policy
Poilievre Pledges To “Axe” GST From New Homes Under $1M
“Getting rid of the GST on new home builds will stimulate 30,000 additional homes built every single year, which, incidentally, will actually generate more income tax revenue for the government without raising rates,” Poilievre told reporters on Monday.
Economy
RBC Already Calling For Another 50-Bps Interest Rate Cut In December
“We continue to expect one more 50-bps rate cut from the BoC this December to bring the overnight rate to the top end of the BoC’s estimate of its neutral range (3.25%) before a return to a more gradual pace of easing in 2025.”
Economy
Bank Of Canada Goes Big With 50 Bps Interest Rate Cut, Largest Since 2020
Wednesday’s interest rate decision brings the policy rate down to 3.75% in the largest cut from the Bank since 2020.
Economy
Where Every Big Bank Stands On Wednesday's Interest Rate Announcement
Another quarter-point drop is on the table this week, but economists with Canada’s ‘Big Five’ banks are by and large thinking bigger.
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