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GTA home prices expected to drop in 2024: Re/Max report
Home For Sale Ontario CanadaTuesday, November 28, 2023

Home prices in the Greater Toronto Area are expected to slide once again next year, according to a new report from one of the country’s largest real estate brokerages.

Mortgage activity down 25% from 2022 and fixed rates remain top choice, stats show
Real Estate InformationThursday, November 23, 2023

High interest rates have applied the brakes to Canada’s mortgage market, which saw growth slow to a 22-year low in September.

Overview of housing initiatives in the government's Fall Economic Statement
Government of CanadaTuesday, November 21, 2023

From a crackdown to short-term rentals to new investments to create more housing supply, the federal government made housing a key component of its Fall Economic Statement released today.

Canada's profligate spending forced interest rates higher: Scotiabank
Property Search OntarioMonday, November 20, 2023

Without that boost in spending, the central bank’s key overnight lending rate would be about 3 per cent instead of the current 5 per cent, according to Scotiabank calculations.

Canadian Home Sales See Downward Trend Continue in October
CREA NewsWednesday, November 15, 2023

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined on a month-over-month basis in October 2023.

Mortgage market risks rising in high-rate environment: CMHC
Home Value IncreaseWednesday, November 15, 2023

Surging interest rates are weighing down on current homeowners – and further turbulence is on the horizon

Rent prices are up $175 in the past six months and have pushed rent inflation to a 30-year high
House For RentTuesday, November 14, 2023

The average asking rent in Canada has increased by about $175 over the past six months, and is now nearly 10% higher compared to a year ago.

Interest rates may stay higher for good: Bank of Canada's Carolyn Rogers
Bank Of Canada ReportThursday, November 9, 2023

The Bank of Canada’s No. 2 official urged preparation for interest rates staying elevated for longer.

New mortgage activity slowing - but debt continues rising, says CMHC
MortgagesThursday, November 9, 2023

Residential mortgage debt in Canada totalled $2.14 trillion as of August this year, up by 3.4% compared with the same month in 2022 as the value of uninsured mortgages outstanding saw a sizeable increase.

BoC to begin rate cuts by 2024's second quarter, market players say
Calculator / Analysis / ReportingTuesday, November 7, 2023

Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year

Average rental prices in Canada surge to records highs in October 2023: report
House For RentSaturday, November 4, 2023

Rental prices in Canada reached a new high with the average asking price of $2,149 per month, according to a new report.

No more rate hikes expected as unemployment rate rises to 21-month high
business data reportingFriday, November 3, 2023

Canada’s unemployment rate ticked up two basis points to 5.7% in October, suggesting the Bank of Canada can now remain “firmly on the sidelines,” economists say.

Higher Borrowing Costs See Buyers Remain on Hold
TRREB NewsThursday, November 2, 2023

Lack of affordability and uncertainty remained issues for many would-be home buyers in the Greater Toronto Area (GTA) in October 2023. As a result, sales edged lower compared to last year. However, selling prices remained higher than last year’s levels.

Upcoming mortgage renewals part of why BoC held rate at 5 per cent: Macklem
Bank of Canada GovernorWednesday, November 1, 2023

Bank of Canada governor Tiff Macklem says the central bank held its key interest rate at five per cent in part because of the effect a wave of upcoming mortgage renewals is expected to have on the economy.

Most Canadian mortgage holders facing big payment shock: RBC
Couple Managing DebtTuesday, October 31, 2023

Canadian homeowners are facing a significant payment shock on their mortgages unless interest rates decline in the coming years, according to a new Royal Bank of Canada (RBC) report.

Bank of Canada delivers rate hold, but maintains hawkish bias
Bank Of CanadaWednesday, October 25, 2023

The Bank of Canada delivered its second straight rate hold today, but signalled that it remains concerned about inflationary risks and price pressures.

OSFI report reveals largely unknown mortgage exemption: no stress test on insured switches
Taken by supriseFriday, October 20, 2023

Many in the mortgage industry reacted with surprise after learning about a little but very important nugget buried in an OSFI report released earlier this week.

Commercial real estate sector not in crisis, says analyst
Commercial Building High RiseThursday, October 19, 2023

'Turbulence' is the best way to describe the current challenges, according to executive

Bank of Canada likely to begin cutting rates in mid-2024: CIBC's Tal
CIBC OfficeWednesday, October 18, 2023

The overnight rate could settle around 3%, according to leading economist

Ontario legal experts pushing to close loophole that allows scammers to mortgage homes without victims' knowledge
Calculator / Analysis / ReportingWednesday, October 18, 2023

Police forces and legal experts in Ontario are pushing for the provincial government to make legislative changes that would reduce elaborate fraud scams targeting homeowners.

RE/MAX Ultimate Realty Inc., Brokerage
- Independently Owned and Operated -
1281 St Clair Ave. West - Toronto, Ontario, M6E 1B8
Direct Line 416-606-3271       Office 416-656-3500

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