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OSFI rejects Competition Bureau recommendation to drop mortgage stress test for lender switches
MortgagesFriday, March 22, 2024

Canada’s banking regulator says it has no plans to remove the stress test on uninsured mortgages for borrowers who choose to switch lenders.

Inflation metrics give BoC room to talk cuts
Canadian Cash MoneyTuesday, March 19, 2024

Economists widely expect central bank to start cutting rates in June

Is it time for aggressive rate cuts?
Market ObserversTuesday, March 19, 2024

'I hope they're not tepid,' says expert about BoC's upcoming decisions

Housing starts increase in February
Housing Starts / New DevelopmentsMonday, March 18, 2024

Canada Mortgage and Housing Corporation (CMHC) has reported an increase in the pace of home construction across the country.

Canadian Home Prices See Sudden End to Declines in Advance of Spring Market
CREA NewsMonday, March 18, 2024

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 streak of five declines that began last fall, according to the latest data from the Canadian Real Estate Association (CREA).

Renters have harder time accumulating wealth than homeowners: RBC economist
Own or Rent SignThursday, March 14, 2024

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.

Value of Canadian farmland rises 11.5% in 2023: report
Real Estate InformationWednesday, March 13, 2024

The value of Canadian farmland rose 11.5% in 2023, a new report by agriculture lending firm Farm Credit Canada has found.

Variable or short-term fixed mortgage? Where experts see the "sweet spot"
Mortgage Rates - Interest RatesWednesday, March 13, 2024

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 rate cuts are imminent.

Average asking rent prices reach $2,193 in February, up 10.5% from 2023
House For RentTuesday, March 12, 2024

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 since September 2023.

Listings up, sales down in slow GTA high-density land market: Myers
GTA high-density land market updatesMonday, March 11, 2024

The Greater Toronto Area (GTA) condominium market has softened considerably since April 2022, especially during the past six months.

Bank of Canada makes interest rate decision
Bank Of CanadaSaturday, March 9, 2024

The Bank of Canada elected to hold interest rates steady at 5 per cent.

TRREB: Buyers Re-Enter the GTA Housing Market in February
TREB NewsTuesday, March 5, 2024

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. Population growth and a resilient regional economy continued to support the overall demand for housing. Higher borrowing costs kept home sales below the February sales record reached in 2021.

B.C., Ontario mortgage-holders increasingly missed payments in Q4, Equifax says
Missed paymentsTuesday, March 5, 2024

Equifax Canada says consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023.

Toronto home sales up in February from last year as consumers eye rate cuts: TRREB
Toronto PanoramaTuesday, March 5, 2024

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.

Bank of Canada expected to hold interest rates this week as grey cloud hangs over economy
Bank Of Canada ReportMonday, March 4, 2024

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 in the coming months.

CMHC to scrap First-Time Home Buyer Incentive and refocus funding on other tools
CMHC NewsSaturday, March 2, 2024

The federal government has announced it will be discontinuing its First-Time Home Buyer Incentive (FTHBI) program as of March 21.

Toronto extends vacant home tax deadline, fine for failure to submit
Toronto Vacant Home TaxFriday, March 1, 2024

Toronto is extending its vacant home tax declaration deadline, giving homeowners two more weeks to submit their occupancy status or face a fee.

Toronto home prices up 42 per cent over last five years, cost of living up 17 per cent: report
Home Value IncreaseThursday, February 29, 2024

The cost of living in Toronto went up nearly 20 per cent between 2017 and 2022 – but that’s less than half the increase seen in the city’s housing prices over the last five years, according to a new report.

Canada's home prices to rise again on stretched demand-supply gap
business data reportingThursday, February 29, 2024

Home prices in Canada are forecast to gain a bit this year and rise further in 2025 on relentless demand for housing amid scant new supply and prospects for interest rate cuts later in 2024, according to a Reuters poll of experts.

We could reach 2% inflation by this summer: National Bank
Mortgage Rates - Interest RatesWednesday, February 28, 2024

Could Canada’s headline inflation rate reach the neutral target of 2% by this summer, a full year sooner than the Bank of Canada’s own forecasts?



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