The sun is out as we are entering into the infamous spring housing market (might be dulled right now as many buyers sit on the sidelines waiting), the seasonal question of this spring market is that of interest rates. Many would-be homebuyers anxiously wait for the rate declines that many anticipate are coming either this [...]
Rent prices resumed their upward trajectory in December, ending the year 8.6% higher from a year ago. The average rent price for all unit types rose to $2,178, according to data from Rentals.ca‘s latest monthly data. Looking back over the past two years, rent prices have risen 22%, or an average of $390 a month. “The [...]
2024 might just be the year that many Canadians buy a home — nearly one in five to be precise — as a recent survey on Canadians’ homebuying plans from Wahi finds. The survey also notes that those under 35 have the strongest intentions and that many plan to sacrifice things in their lives to [...]
It is unlikely that there will be a "crash" in the housing market (I mean, we have been told this would be happening for the last 10 years it seems). Instead, you will see more of a softening (which is happening now) until rates start to stabilize or drop - when that happens, watch the [...]
Is there a light at the end of tunnel? For homeowners, possibly - for homebuyers, maybe now is when the light is shining where the market is slow and it has slowly become a buyers market. CIBC deputy chief economist Benjamin Tal said that while we are very close to the end of Bank of [...]
