Market Updates

March 12, 2023

The Bank of Canada Keeps Interest Rate Steady: What This Means for You

We’ve got some big news from the Bank of Canada. It looks like they’ve decided to keep their interest rate at 4.5%, which is the same as last year. But, why is this important and what does it mean for you?

Well, for starters, this is great news if ...

View More
Posted in Market Updates
Feb. 6, 2023

10 Properties In Ontario You Can Get For Just 25k Down

Buying a property under $500,000 in Ontario, Canada can be a great investment opportunity for many reasons. Here are some of the benefits:

 

1.        Affordability: Properties under $500,000 are typically more affordable and accessible to a wider range of buyers, including first-time homebuyers, young families, and ...

View More
Posted in Market Updates
Jan. 26, 2023

The Impact of the Rising Bank of Canada Policy Rate on the Real Estate Market: Pros and Cons

 

 

The Bank of Canada recently announced that its policy rate will be increasing to 4.5%. This decision will have a significant impact on the real estate market, both positive and negative. In this blog post, we will explore five pros and five cons of the rising policy ...

View More
Posted in Market Updates
Dec. 16, 2022

5 Strategies to Help Offset Rising Mortgage Rates in Canada

As a homeowner, you’re likely aware that Canadian mortgage rates have been on the rise recently. This can be concerning for those who are looking to purchase or refinance their existing homes. However, there are strategies homeowners can employ to help offset rising mortgage rates and save money in the ...

View More
Posted in Market Updates
July 13, 2022

Mortgage Rates Hike Once Again

The Bank of Canada has increased rates again to 2.5%. This is the highest level since 1998 and it is a sign that the inflation is being tackled at the cost of home equity but giving new buyers a chance to compete with lower down payments. Now, we’ve heard ...

View More
Posted in Market Updates
June 20, 2022

The Glass is Half Full!

We've already seen an impact on buyers' purchasing power and financial position as a result of the recent Bank of Canada interest rate increases. Rates are rising and the cost of living is going through the roof. 

Many home buyers may face higher qualifying rates and monthly payments ...

View More
Posted in Market Updates
June 10, 2022

Is Real Estate Crashing?

Inflation is on the rise and the only way to combat it, is to raise the rates! Two rate increases this year are scaring off buyers because they are waiting for prices to drop even more and sellers are holding onto their valuable properties waiting for this wave to pass ...

View More
Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood ...

View More
Posted in Market Updates