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
Real Estate News

Canada’s Real Estate Bubble Went Into Hyperdrive Compared To G7 Peers: US Fed Data

The Canadian real estate bubble is kind of like a plane. People on it know it’s going fast but being inside of it means you don’t really appreciate the speed. On the outside though, the bubble looks like it just broke the sound barrier, especially in contrast to its G7
Real Estate News

Bank of Canada surprises with a 100 basis point interest rate hike

The Bank of Canada announced yet another interest rate hike at its meeting on Wednesday, accelerating the pace even further with a 100 basis point increase to their policy rate. This increase marks the largest rate increase in more than 20 years as the bank works to rein in inflation.
Real Estate News

BMO Revises Bank of Canada Rate Forecast Higher, Expect 2008-Levels By Next Week

Canadians are about to see interest rates they didn’t think were possible in just a few days. BMO made revisions to its overnight rate forecasts this week. At next Wednesday’s meeting, they’re calling the largest rate hike in two decades. That will bring interest rates (and your borrowing costs) to the highest
Real Estate News

As Interest Rates Rise, How Likely is a Recession? Depends on Who You Ask

Whether or not the economy is set to experience a recession is a growing question in the minds of consumers and economists alike. However, it’s clear that rising interest rates are set to cool both the housing market and consumer spending, while other key indicators are starting to flash warning