4/12/2024 | Posted in Canadian Housing Market by Anthony (Tony) Barone
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While there are expectations the Canadian housing market will pick up on some level this year, home sales and prices were mostly unchanged on a month-over-month basis in March ... More

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  4/10/2024 | Posted in Canadian Economy and Interest Rates by Anthony (Tony) Barone
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The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent.

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  4/9/2024 | Posted in Real Estate Market by Anthony (Tony) Barone
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The housing affordability crisis in Canada is reaching alarming new heights, impacting middle-income families far beyond major cities, according to a new report from RBC.

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  4/5/2024 | Posted in Canadian Housing Market by Anthony (Tony) Barone
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The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026.

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  4/3/2024 | Posted in Canadian Economy and Interest Rates by Anthony (Tony) Barone
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Economists question their forecasts as inflation expectations challenge anticipated rate cuts

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  3/18/2024 | Posted in Canadian Housing Market by Anthony (Tony) Barone
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Canadian home prices as measured by the seasonally adjusted Aggregate Composite MLS® Home Price Index (HPI) were flat on a month-over-month basis in February 2024, ending a ... More

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  2/29/2024 | Posted in Canadian Housing Market Predictions by Anthony (Tony) Barone
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Home prices in Canada are forecast to gain a bit this year and rise further in 2025 on relentless demand for housing amid scant new supply and prospects for interest rate cuts ... More

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  2/14/2024 | Posted in Canadian Housing Market by Anthony (Tony) Barone
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Following a weak second half of 2023, home sales over the last two months are showing signs of recovery, according to the latest data from the Canadian Real Estate Association ... More

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  2/7/2024 | Posted in Real Estate Market by Anthony (Tony) Barone
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Monetary policy can’t do everything, central bank governor Tiff Macklem says

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  2/5/2024 | Posted in Canadian Economy and Interest Rates by Anthony (Tony) Barone
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Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by ... More

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  2/4/2024 | Posted in Foreign Buyers by Anthony (Tony) Barone
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The federal government today announced a two-year extension to its foreign buyer ban in what it says is an effort to make housing more affordable for Canadians.

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  1/29/2024 | Posted in Canadian Housing Market by Anthony (Tony) Barone
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Stability is expected to return to the country’s housing market this year as interest rates ease, but homeowners shouldn’t expect a return to the ... More

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  1/15/2024 | Posted in Canadian Housing Market by Anthony (Tony) Barone
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up noticeably on a month-over-month basis in December 2023.

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  12/19/2023 | Posted in Mortgage Interest Rates by Anthony (Tony) Barone
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The Bank of Canada could start cutting interest rates next year as long as core inflation comes down as predicted, BNN Television cited Governor Tiff Macklem as saying in an ... More

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  12/15/2023 | Posted in Canadian Housing Market by Anthony (Tony) Barone
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The latest statistics released by the Canadian Real Estate Association (CREA) show national home sales were little changed on a month-over-month basis in November 2023.

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  12/13/2023 | Posted in Canadian Housing Market by Anthony (Tony) Barone
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Some home sellers are struggling to find buyers amid high mortgage costs, according to an economist who says Canada’s housing market is in the midst of “a very ... More

Real Estate & Mortgage News

  11/21/2023 | Posted in Mortgages and Real Estate by Anthony (Tony) Barone
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From a crackdown to short-term rentals to new investments to create more housing supply, the federal government made housing a key component of its Fall Economic Statement ... More

Real Estate & Mortgage News

  11/15/2023 | Posted in Canadian Housing Market by Anthony (Tony) Barone
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined on a month-over-month basis in October 2023.

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  11/14/2023 | Posted in Rental Market by Anthony (Tony) Barone
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The average asking rent in Canada has increased by about $175 over the past six months, and is now nearly 10% higher compared to a year ago.

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  11/9/2023 | Posted in Mortgages and Real Estate by Anthony (Tony) Barone
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Residential mortgage debt in Canada totalled $2.14 trillion as of August this year, up by 3.4% compared with the same month in 2022 as the value of uninsured mortgages ... More

Real Estate & Mortgage News

  11/7/2023 | Posted in Canadian Economy and Interest Rates by Anthony (Tony) Barone
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Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year

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  11/4/2023 | Posted in Rental Market by Anthony (Tony) Barone
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Rental prices in Canada reached a new high with the average asking price of $2,149 per month, according to a new report.

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Real Estate & Mortgage News

  10/25/2023 | Posted in Canadian Economy and Interest Rates by Anthony (Tony) Barone
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The Bank of Canada delivered its second straight rate hold today, but signalled that it remains concerned about inflationary risks and price pressures.

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  10/18/2023 | Posted in Mortgage News by Anthony (Tony) Barone
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Canada’s banking regulator has revealed its decision on initial public consultation regarding its B-20 guidelines, indicating in a statement yesterday that it will not ... More

Real Estate & Mortgage News

  10/17/2023 | Posted in Canadian Housing Market by Anthony (Tony) Barone
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Home resales fell by 1.9 per cent across Canada in September, the third month in a row that resale rates have dropped, according to a new report by RBC.

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  10/13/2023 | Posted in Canadian Housing Market by Anthony (Tony) Barone
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month-over-month basis in September 2023.

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  10/5/2023 | Posted in New Developments by Anthony (Tony) Barone
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The number of new single-detached houses under construction in the first half of 2023 was down 25% compared to last year.

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  9/29/2023 | Posted in Canada Living by Anthony (Tony) Barone
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Millions of Canadians want to achieve their dream of homeownership, but affordability remains out of reach for many, and changing that will be a slow journey according to ... More

Real Estate & Mortgage News

  9/15/2023 | Posted in Canadian Housing Market by Anthony (Tony) Barone
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month-over-month basis in August 2023.

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Real Estate & Mortgage News

  8/28/2023 | Posted in Canadian Housing Market by Anthony (Tony) Barone
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The Bank of Canada's June and July interest rate increases essentially put a stop to the housing market’s recovery, says analyst.

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