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..
Category: Blog
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..
Hold and Rent Strategy for Long-Term Real Estate Success
Real estate investors are sometimes faced with a critical decision: sell a property or hold onto it for long-term appreciation. While selling can free up cash for..
Home Prices Climb in Major Canadian Metros
In August 2024, home prices in Canada continued to remain stable on a national level, with the MLS® Home Price Index (HPI) remaining relatively unchanged month-over-month. The..