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 Read More
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
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
Royal York Property Management gives us 5 tips for when you are looking to rent in Toronto.
Major cities in Ontario have seen their average rent prices rise astronomically during the past year. As Toronto is still emerging from the COVID-19 pandemic and rising interest rates, renters are finding more competition that ever to secure a place to rent at an affordable rent. Combined with the influx