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Real Estate News Bank of Canada Cuts Rates Despite Expecting A Big Inflation Jump The Canadian economy has outperformed the central bank’s expectations for months now. That didn’t stop the Bank of Canada (BoC) from slashing the overnight rate by 0.25 points to 2.75% this morning. Since this easing cycle began 9 months ago, the key policy rate has been reduced by 2.25 points, making it one of the most aggressive […]
Real Estate News Toronto Real Estate Board Forecasting ‘Buyer-Friendly’ 2025 The Toronto Regional Real Estate Board (TRREB) released its Market Outlook and Year in Review report on Wednesday morning, and it paints a picture of a buyer-friendly 2025. According to the real estate board, a “well-supplied” market in the year ahead is expected to quell home prices in the Greater Toronto Area, keeping the annual growth rate […]
Real Estate News Canada’s Insured $1.5M First-Time Home Buyer Loans Are A Quiet Bail Out Canada appears to be doubling down on its position that more demand will create affordability. Earlier this week, the Government of Canada (GoC) announced its “boldest mortgage reforms ever,” including its most ridiculous mortgage reform ever—first-time buyers using state-backed, high leverage loans to purchase $1.5 million homes. Confused? You’re probably thinking: First-time buyers usually don’t dominate the […]
Real Estate News Some Toronto Homebuyers Are Back — But They’re ‘Proceeding With Caution’ Are interest rat cuts enough to spur more activity in the GTA real estate market this summer after an unusually calm spring? The short answer is, not quite yet. Canadian borrowers finally got (some) relief on the interest rate front in June, when the country’s central bank dropped its overnight lending rate from a sky-high […]
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