The Toronto Regional Real Estate Board (TRREB) has released its rental market statistics for the second quarter of 2024, highlighting significant trends in the condominium apartment rental..
Category: Blog
Canadian Condominium Construction Challenges
Canada’s condominium and apartment construction market is facing various challenges in 2024, as rising costs, slower demand, and financing difficulties put pressure on developers. While rental construction..
Bank of Canada Cuts Interest Rates to 3.75%: Reduction of 50 Basis Points
On October 23, 2024, the Bank of Canada cut its key interest rate by 50 basis points, as many experts were predicting, lowering the overnight rate to..
The Impact of Social or Affordable Housing on Nearby Housing and Investment Properties
Social or affordable housing is designed to provide accommodation for individuals and families who cannot afford market-rate housing. In Canada, the development of these types of housing..
Canada’s Housing Starts in 2024: Fall Update
In the first half of 2024, housing construction in Canada’s six largest census metropolitan areas (CMAs) increased by 4% compared to the same period in 2023, mainly..
The Best Neighbourhoods for First-Time Homebuyers in Calgary and Surrounding Areas
Calgary and its surrounding areas provide excellent, diverse options for first-time homebuyers, each offering unique features that appeal to different needs and preferences. With competitive property prices,..
CREA Responds to Competition Bureau Investigation
The Competition Bureau is continuing its investigation into the Canadian Real Estate Association’s (CREA) policies surrounding real estate commissions and the REALTOR® Cooperation Policy. The Bureau recently..
House Hacking: Using Your Home to Generate Income
House hacking can be a great way for Canadians to begin their journey into real estate investing. By renting out part of their primary residence, homeowners not..
City of Edmonton Implements Prorated Tax Forgiveness to Address Derelict Properties
In a move to tackle the issue of derelict properties, the City of Edmonton has announced a prorated tax forgiveness program aimed at incentivizing property owners to..
Real Estate as an Inflation Hedge: Shielding Wealth
Although Canadian inflation seems to be moderating compared to the spikes seen in 2022 and 2023, it remains elevated relative to historical averages, and it is still..