The Bank of Canada announced today that it would be keeping its mortgage-market influencing policy rate at the record low 0.25 percent level with no sign that it would increase any time soon.
Restrictions were lifted on the province’s new home construction sites by mid-May, but with groundbreakings pushed back and project timelines stretched, Ontario is still set to see an overall decline in housing starts this year.
The Toronto region recorded another month of over 10,000 home sales as buyers seeking low-rise properties made their move before the end of summer.
Following years of historically low vacancy rates, Toronto’s rental market saw a surge of new listings throughout the second quarter of the year as a result of the COVID-19 pandemic.
The housing market rebound that’s taken shape over the last two months has so thoroughly exceeded expectations that it’s forcing real estate companies to overhaul their 2020 forecasts.
July saw the Canadian housing market break sales records as transactions across the country rose over 30 percent compared to the previous year.
The Canadian housing market saw more sales this July than any month in the past 40 years, with 30 per cent more homeowners closing on properties compared to this time last year.
After months of turbulence in the housing market, a new report offers insights on how Canadian homeowners are holding up through the COVID-19 pandemic.
Ask anyone who’s been paying close attention to the Canadian housing market throughout the pandemic and you’ll hear that homebuyers are making up for lost time and then some this summer.
Canada’s housing market came roaring back in June, with country-wide home sales tracked by the Canadian Real Estate Association (CREA) returning to normal levels for the month.
Let's work together
Please click the link below to Get a Free Estimate for your Dream Project.
170 Ambassador Drive, Unit #03
Mississauga, Ontario, L5T 2H9
+1 (866) 575 1559