Real Estate News

Real Estate Holdings Drop by Record $322 Billion in Canada

Canadian households experienced a decline of almost C$1 trillion ($775 billion) in net worth in the second quarter amid plunging prices for homes and stocks. The value of residential real estate holdings held by households fell by C$419 billion in the three months between April and June, while financial assets
Real Estate News

Canada’s Economy Is Still 30% More Dependent On Real Estate Than The US In 2006

Canada’s economy is less reliant on real estate, but still dangerously dependent. Statistics Canada (Stat Can) data shows residential investment fell as a share of gross domestic product (GDP) in Q2 2022. After the interest rate cuts in 2020, residential investment soared to over a tenth of GDP. It’s since fallen sharply,
Real Estate News

0.75% Bank of Canada Hike All But Assured Next Week: Analysts

With the next Bank of Canada (BoC) rate announcement exactly one week away, mortgage borrowers are likely wondering just what’s in store for interest rates. While they can be assured that rates are indeed going higher, by just how much remains to be seen.  While a recently cooler July inflation read has
Real Estate News

From Inflation to Housing: The Rage Index Reveals What Makes Us Mad

The housing market has many Canadians seeing red. According to the first-ever Rage Index, the country’s dramatic real estate market is a source of upset for more than half of Canadians (55%). But that’s not all they’re mad about. At a time when there’s no shortage of issues to get
Real Estate News

Average Toronto Rent Now $525 More Expensive Than it Was a Year Ago

Toronto rent prices continued their months-long climb in July, now sitting $525 above where they were at the same time last year. A new report from TorontoRentals.com and Bullpen Research & Consulting found that Toronto’s average rent price jumped a whopping 6.2% from June to July, to its new average of $2,667