The Canadian real estate market has just received a much-needed boost. With the new mortgage rules coming into effect on December 15th, 2024, borrowers are seeing a dramatic improvement in affordability. Monthly payments on mortgages have dropped by as much as 25% compared to last year. This transformation is setting the stage for a resurgence in homebuyers and investors alike, making it one of the...

Ontario’s real estate market in Q3 2024 revealed varied performance across its residential, rental, and office sectors. Residential sales and active listings rose, while prices fell slightly. The rental market exhibited notable variations in rent trends. Office vacancy rates demonstrated both recovery and ongoing challenges depending on the region.

Residential Summary for Q3 2024

According to...

The Bank of Canada’s aggressive rate cut in late October has finally induced homebuyers out of the woodwork.

That’s because the central bank’s October 23 policy announcement in which it slashed its overnight lending rate by 50 basis points to 3.75%, and in doing so, achieved neutral territory was an emphatic statement intended to stoke consumer confidence.

But while it will take some time for the c...