Economy
Real Estate News
What The GTA Housing Market Can Expect In 2025
What can we expect come 2025? Is the growth we've seen sustainable? What will sell? Who will buy? Prices? Ahead of the new year, STOREYS spoke to experts and insiders to get an idea of how 2025 could play out.
Dec 12, 2024
Economy
Bank Of Canada Pulls Trigger On Second 50 Bps Interest Rate Cut
Wednesday’s decision — the last of the year — brings the policy rate down to 3.25%.
Economy
Where Every Big Bank Stands On Wednesday's Interest Rate Announcement
For the last interest rate announcement of 2024 — slated for Wednesday, December 11 — the question is (once again) not will the Bank of Canada lower the rate, but by how much.
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.
Tudor-Style North Saanich Estate In BC Hits Market For $2.4M
The beautiful home sits at 1345 Readings Drive in North Saanich, located on Vancouver Island in British Columbia.
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.
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.
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.
Economy
How Key Are Interest Rate Cuts To Restoring Housing Affordability?
Ahead of the expected October rate cut, we take a look the role cuts will play in restoring housing affordability and what other factors might have a larger role to play in Canada's quest for attainable housing.
Construction
High Interest Rates Resulted In 30,000 Fewer Housing Starts In 2023: CMHC
According to modeling by the CMHC, interest rates decreased housing starts by about 30,000 units, a decline of 10 to 15%.
Toronto
Toronto Ranks 5th Most At Risk For Housing Bubble Globally
Toronto's risk score improved in 2024, though slower rent and income growth have kept the city in "elevated" risk territory.
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