Canadian Housing Market Stuck In “Holding Pattern”: CREA
Houses for sale in Ottawa With more interest rate cuts “all but guaranteed” for the coming months, sales ticked up — though nominally — in August as would-be-homebuyers continued to hold out for lower rates, shows findings from the Canadian Real Estate Association’s (CREA) August statistics report. “Despite some fledgling signs of life to kick […]
Condo survey shows market disconnect between supply and demand
Houses for sale in Ottawa Breadcrumb Trail Links Real Estate Toronto is flooded with small units, but residents would rather have more space than spas Published Sep 16, 2024 • Last updated 17 hours ago • 2 minute read You can save this article by registering for free here. Or sign-in if you have an account. […]
Weekly mortgage digest: Canadians are pulling back on borrowing
Houses for sale in Ottawa Canadians continued to rein in borrowing for the second straight quarter, according to recent data from Statistics Canada. Household credit market borrowing slowed slightly to $25.1 billion. The slowdown was largely driven by a decline in consumer credit lending, which fell from $7.8 billion in the first quarter to $4.0 […]
How Upper East Village Elevates The Leaside Standard
Houses for sale in Ottawa Upper East Village has given Leaside residents something to talk about since before its sleek and sophisticated buildings even began to take shape. The celebrated Camrost Felcorp interconnected urban community, located at Brentcliffe and Eglinton, brings fresh living options — and a new access point — to the coveted midtown […]
For Quality And Integrity Camcos Is The Homebuilder To Watch
Houses for sale in Ottawa Now more than ever, in the Greater Toronto Area’s real estate scene, trust is integral. In the midst of an ever-shifting market, reliable relationships are what “steady ground” is made of. Epitomizing integrity and prioritizing quality, GTA homebuilder Camcos Living is led by industry veterans who together bring more than […]
Inflation expected to ease to 2.1%, lowest level since March 2021: economists
Houses for sale in Ottawa By Sammy Hudes Ahead of Statistics Canada’s consumer price index set to be released on Tuesday, economists polled by Reuters are expecting the report to show prices rose 2.1% from a year ago, down from a 2.5% annual gain in July. The forecasters also anticipate inflation remained flat on a […]
How to sell unique types of real estate successfully
Houses for sale in Ottawa Realtors, let’s admit it — most houses listed for sale on the market look pretty much the same. Sure, they may come in different sizes, shapes and colours, but the basic layout, design and features often feel like deja vu. However, every once in a great while, you may be […]
Why are many borrowers still opting against variable rates?
Even with interest rates trending downwards, and the income required to purchase an average home across the country declining slightly, Canada’s overall housing affordability outlook remains dismal. Read more: https://t.co/lPxPOpHqXP — Canadian Mortgage Professional Magazine (@CMPmagazine) September 6, 2024 “So because of that, people are still a little hesitant to go with the […]
iFortune Homes Subject Of 4 Foreclosures Across Metro Vancouver
Houses for sale in Ottawa A common thread among the recent storm of real estate insolvencies in British Columbia is that they are not usually one-offs. When there is one project facing insolvency, other projects by the same developer are very likely also facing a similar fate. The latest example of this is Richmond-based iFortune […]
Despite outcry from opposition, N.S. Tories resist tenancy enforcement unit
Houses for sale in Ottawa By Lyndsay Armstrong The parties’ reactions come after the government released a $300,000 report earlier this week that laid out how such a unit would work. Halifax firm Davis Pier Consulting was mandated by the government in 2022 to study how an enforcement unit could manage disputes more efficiently, and […]
Edmonton Introduces Automated Reviews For Development Permits
Houses for sale in Ottawa In an exciting step forward, the City of Edmonton has announced the launch of an automated development application system that grants building permits with the click of a button. The Auto Review for House Development Permits system, which launched on Monday, is the first of its kind in Canada, representing […]
Ontario regulator flags risks in growing private mortgage sector
Houses for sale in Ottawa The Financial Services Regulatory Authority (FSRA) is raising alarm bells over growing risks in Ontario’s private mortgage sector. Its recently released Private Residential Mortgage Lending report raised concerns about the growing reliance on private mortgages, particularly among borrowers who may not have a clear exit strategy. While FSRA recognizes the […]