Found 25 blog entries tagged as home buyers.

Bank of Canada Interest Rate Announcement Raises It Another 0.5% on June 1

This morning’s interest rate announcement by the Bank of Canada reveals another 50-basis-point hike to the key rate, bringing it up to 1.5 per cent. This is the third in a series of increases expected in 2022, with the year kicking off at a low of 0.25 per cent, followed by a 0.25-per-cent bump in March and another 0.5-per-cent increase in April. Today’s increase makes the second time in the last 25 years that the Bank has implemented back-to-back increases of 50 basis points. The move appears to be having a cooling effect on hot Canadian housing markets, with Toronto and Vancouver sowing some signs of cooling. The Bank said it will use its monetary policy tools to ease…

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Non-Resident Buyer Bans

For years, even before the coronavirus pandemic, many public policymakers and housing advocates claimed that foreign investors contributed to the skyrocketing cost of home ownership in Toronto and Vancouver. At a time when Canadian real estate prices have skyrocketed since the beginning of the COVID-19 public health crisis, lawmakers are looking closely as possible solutions, with some suggesting non-resident buyer bans could cool the hot market.

According to the latest data from Statistics Canada, non-resident owners account for an average of nearly three per cent of housing stock. This is up from the pre-pandemic rate of 2.3 per cent.

Where are foreign investors dropping their capital in the Canadian real estate market?…

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Canada’s oldest bank has a warning for homebuyers — prices don’t always rise. The uncharacteristic message came from BMO‘s chief economist Douglas Porter. Canada has seen few home price corrections, causing homebuyers to think of it as “risk-free.” Not just in Toronto or Vancouver, but virtually every market in the country, all simultaneously. BMO wants you to know that’s not always the case, and risks rise the longer home prices avoid a correction. 

Canadian Real Estate Prices Climbed Despite A Decade Of Warnings

Canadian real estate has faced “bubble” warnings for nearly a decade that have not come true. Some dudes named Poloz and Macklem were even ranting about it back in 2013 but have since come around. Justified or not, listening…

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The idea of a customized, new residential construction house is enticing to some prospective homeowners, but the process to get there can be grueling. Working with a buyer’s agent along the way can help ensure you negotiate the best price possible and avoid setbacks.

Traditional selling points like historic charm in existing homes may not seem so charming to everyone – that’s why many people seek out a newly built residence, find a lot in a masterplan community or enter into the process of building a home from the ground up.


“Each buyer has unique preferences as to what they look for in a potential home. A lot of people want to own a new home at least once in their life,” says Jack Ryan,…

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Canadian home sales are falling, and that’s turning into a drag for home building intentions. Statistics Canada (Stat Can) data shows September permit values made a monthly increase. Despite the bump, values are still generally trending lower. Soft housing demand has residential permit values currently in a correction.

Canadian Building Construction Investment Is Trending Lower

Construction intentions bumped higher from a month before but didn’t break the trend. Building permit values reached a seasonally adjusted $10.1 billion in September. This is 4.3% higher than a month before and 4.9% higher than last year. Leaving it there, things would sound pretty good. However, there is a lot to unpack with this number.

Canadian Building Permit…

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