March 7, 2024 @ 12:00 AM
Posted by: Isaac Phillips
The Bank of Canada announced a fifth consecutive rate hold, maintaining its key lending rate at 5% on Wednesday, March 6, with the central bank saying it was "too soon" for cuts and citing sticky inflation as a driving factor. Although the market is looking forward to potential rate reductions
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February 26, 2024 @ 12:00 AM
Posted by: Isaac Phillips
As the new year unfolds, Canadians can expect to see a number of changes coming hitting the housing scene in 2024. From updated taxes to revised urban planning regulations, new housing laws and policies will roll out across the country in the coming months. These updates aren't just for show; they're geared
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February 16, 2024 @ 12:00 AM
Posted by: Isaac Phillips
In an attempt to address the ongoing housing supply and affordability crisis in Canada, the federal government announced earlier this month that the Prohibition on the Purchase of Residential Property by Non-Canadians Act – otherwise known as the foreign buyer ban – will be extended for an additional two years.
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January 26, 2024 @ 12:00 AM
Posted by: Isaac Phillips
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January 15, 2024 @ 12:00 AM
Posted by: Isaac Phillips
High interest rates have caused many homebuyers and sellers to push pause on their real estate plans over the last six months, significantly curtailing overall activity in housing markets across the country. However, as Canadians continue to adjust to higher borrowing costs, and the first anticipated rate cut by the
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November 29, 2023 @ 12:00 AM
Posted by: Isaac Phillips
On November 21st, the Government of Canada unveiled its 2023 Fall Economic Statement , an annual fiscal report that provides an update on the state of the Canadian economy and the government’s plans for future spending. The report – acutely focused on Canada’s housing affordability and supply crisis – announced
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November 9, 2023 @ 12:00 AM
Posted by: Isaac Phillips
A lush lawn and blooming flower beds are the pride and joy of many homeowners. Canada’s harsh winters, however, can quickly squash the hard work you’ve put into nurturing and maintaining your outdoor spaces during the summer months. To ensure that your backyard gets off to a good start when
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October 26, 2023 @ 12:00 AM
Posted by: Isaac Phillips
The Bank of Canada announced on October 25th it would be holding its key lending rate at 5.0%, the second consecutive hold since two quarter-point increases were made over the summer. Since March of last year, the central bank has imposed an unprecedented number of rate hikes in an effort
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October 17, 2023 @ 12:00 AM
Posted by: Isaac Phillips
While many Canadians have adjusted to the increased cost of borrowing, elevated interest rates continue to impact activity in markets across the country, keeping some buyers and sellers stuck on the sidelines. During the third quarter, inventory rose and sales activity softened, although this did not necessarily translate into steep
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September 7, 2023 @ 12:00 AM
Posted by: Isaac Phillips
The Bank of Canada has decided to maintain its benchmark interest rate at 5.0%, but it's sounding a warning about the possibility of future rate hikes to combat persistent inflation. While some economists believe that the current cycle of tightening has peaked, the central bank is closely monitoring the situation.
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