Real Estate News & Articles

4/12/2024 | Posted in GTA Real Estate by Bashar Mahfooth
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Housing prices in the GTA are expected to rise 10 per cent this year and will likely surpass those in Greater Vancouver by the end of 2024, according to an updated forecast by ... More

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4/12/2024 | Posted in Canadian Housing Market by Bashar Mahfooth
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While there are expectations the Canadian housing market will pick up on some level this year, home sales and prices were mostly unchanged on a month-over-month basis in March ... More

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4/11/2024 | Posted in Government and Regulation by Bashar Mahfooth
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Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians ... More

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4/10/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
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The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent. ... More

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4/9/2024 | Posted in Real Estate Market by Bashar Mahfooth
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The housing affordability crisis in Canada is reaching alarming new heights, impacting middle-income families far beyond major cities, according to a new report from RBC. ... More

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4/8/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
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The Bank of Canada is widely expected to keep its key overnight rate on hold Wednesday, as it gathers more evidence of cooling inflation before delivering its first interest rate ... More

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4/5/2024 | Posted in Canadian Housing Market by Bashar Mahfooth
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The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026. ... More

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4/4/2024 | Posted in Canadian Housing Market by Bashar Mahfooth
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Canadian homebuilders are expected to dial back new construction for a third straight year in 2024 as elevated borrowing costs reduce the appeal of starting projects, Canada's ... More

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4/3/2024 | Posted in GTA Real Estate by Bashar Mahfooth
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Greater Toronto Area (GTA) REALTORS® reported 6,560 sales through TRREB’s MLS® System in March 2024 – down by 4.5 per cent compared to March 2023. ... More

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4/3/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
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Economists question their forecasts as inflation expectations challenge anticipated rate cuts ... More

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4/2/2024 | Posted in Luxury Real Estate by Bashar Mahfooth
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Luxury real estate sales have increased across the country in the first two months of the year but larger markets like Toronto are seeing less activity as some buyers look ... More

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4/2/2024 | Posted in Government and Regulation by Bashar Mahfooth
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Prime Minister Justin Trudeau is pressuring Canada’s provinces to remove barriers to building more housing, including requiring them to freeze municipal development charges ... More

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3/27/2024 | Posted in Recreational Properties by Bashar Mahfooth
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Median home prices in the country’s recreational housing markets are forecast to rise 5% in 2024 as demand grows for scarce listings. ... More

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3/22/2024 | Posted in Government and Regulation by Bashar Mahfooth
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Canada’s banking regulator says it has no plans to remove the stress test on uninsured mortgages for borrowers who choose to switch lenders. ... More

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3/19/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
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Economists widely expect central bank to start cutting rates in June ... More

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3/19/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
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'I hope they're not tepid,' says expert about BoC's upcoming decisions ... More

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3/18/2024 | Posted in Canadian Housing Market by Bashar Mahfooth
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Canada Mortgage and Housing Corporation (CMHC) has reported an increase in the pace of home construction across the country. ... More

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3/18/2024 | Posted in Canadian Housing Market by Bashar Mahfooth
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Canadian home prices as measured by the seasonally adjusted Aggregate Composite MLS® Home Price Index (HPI) were flat on a month-over-month basis in February 2024, ending a ... More

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3/14/2024 | Posted in Financial Health by Bashar Mahfooth
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Renters face daunting barriers in their attempts to build wealth as they’re forced to devote an increasing share of their income to keeping a roof over their head. ... More

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3/13/2024 | Posted in Community by Bashar Mahfooth
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The value of Canadian farmland rose 11.5% in 2023, a new report by agriculture lending firm Farm Credit Canada has found. ... More

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3/13/2024 | Posted in Mortgages and Real Estate by Bashar Mahfooth
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The Canadian mortgage space is already seeing some rates on offer decline heading into the spring market, despite no clear indication yet from the Bank of Canada that interest ... More

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3/12/2024 | Posted in Rental Market by Bashar Mahfooth
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A new report says the average asking price for a rental unit in Canada was $2,193 per month in February, marking a 10.5 per cent jump year-over-year and the fastest annual growth ... More

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3/11/2024 | Posted in Commercial Real Estate by Bashar Mahfooth
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The Greater Toronto Area (GTA) condominium market has softened considerably since April 2022, especially during the past six months. ... More

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3/9/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
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The Bank of Canada elected to hold interest rates steady at 5 per cent. ... More

Real Estate & Mortgage News

3/5/2024 | Posted in GTA Real Estate by Bashar Mahfooth
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Greater Toronto Area (GTA) home sales and new listings were up on an annual and monthly basis in February 2024. Selling prices also edged upward compared to a year earlier. ... More

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3/5/2024 | Posted in Financial Health by Bashar Mahfooth
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Equifax Canada says consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023. ... More

Real Estate & Mortgage News

3/5/2024 | Posted in GTA News by Bashar Mahfooth
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Greater Toronto home sales and listings were up in February from last year, but adjusted sales were down from a month earlier, the region's real estate board said Tuesday. ... More

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3/4/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
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The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the stage for rate cuts ... More

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3/2/2024 | Posted in Home Buyers by Bashar Mahfooth
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The federal government has announced it will be discontinuing its First-Time Home Buyer Incentive (FTHBI) program as of March 21. ... More

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