Something unusual is happening in the Greater Toronto Area real estate market right now. Despite interest rates falling to 2.25%—the kind of environment that historically triggers buying frenzies—listings are piling up, prices are softening, and buyers are taking their time. After analyzing 30 days of market data spanning everything from federal fiscal policy to ground-level […]
Market Overview: Mixed Signals Amid Economic Uncertainty The Canadian real estate market is showing mixed signals this spring, with nationwide housing starts surging but sales activity remaining subdued. Economic uncertainties, particularly related to U.S.-Canada trade tensions, continue to impact buyer confidence across the country. Housing Starts Surge Despite Overall Market Caution According to the Canada […]
The Greater Toronto Area real estate market is showing promising signs for prospective buyers as homeownership becomes more affordable compared to last year. Both borrowing costs and home prices have declined over the past 12 months, creating a more favorable environment for those looking to enter the market or make a move. Key Market Indicators […]
Are you dreaming of buying your first home in Canada but struggling to save enough for a down payment? The Home Buyers’ Plan (HBP) might be your solution. This government program allows first-time homebuyers to withdraw from their Registered Retirement Savings Plan (RRSP) tax-free to purchase or build a home. Let’s explore everything you need […]
In the world of real estate transactions, the period between signing an Agreement of Purchase and Sale (APS) and the actual closing date can be fraught with unexpected challenges. A recent Ontario Superior Court of Justice decision in McDonald v. Lowrie highlights the importance of understanding your contractual obligations when disaster strikes a property before closing. When […]
In a significant shift from recent trends, the Greater Toronto Area real estate market is showing signs of increased accessibility for buyers while maintaining stable values for current homeowners. With nearly 50% more listings hitting the market compared to last year, 2025 is shaping up to be a year of strategic opportunities for all market […]
Market insights from Phil Soper, President and CEO of Royal LePage, presented at the 2025 Royal LePage National Web Kickoff The Canadian real estate market is poised for an active year in 2025, with several key factors affecting buyers, sellers, investors, and renters. Here’s what you need to know about the current market conditions and […]
Starting January 1, 2025, Hamilton’s new Renovation Licence and Relocation By-law 24-055 introduces significant changes for landlords planning renovations that require tenant displacement. This guide outlines key requirements and compliance strategies. Core Requirements Licensing Process Professional Documentation Tenant Rights and Landlord Obligations Right of First Refusal Temporary Accommodation Requirements For tenants exercising right of first […]
Ever wonder why mortgage rates change and how they’re determined? Let’s break down the complex world of mortgage rates into simple, digestible pieces that will help you make informed decisions about your mortgage. The Building Blocks: Key Interest Rates Think of Canada’s interest rate system like a multi-story building: The Foundation: Overnight Rate This is […]
The excitement of buying or selling a home can sometimes be overshadowed by closing day complications. As we begin 2025, let’s talk about something that rarely gets attention but can make or break your real estate experience: strategic closing date selection. Why Timing Matters More Than You Think Picture this: You’ve packed your boxes, scheduled […]