At a press conference on July 22, Ontario Premier Doug Ford stood before a room full of reporters and told them, to scattered applause, that new homes would “pop up like mushrooms everywhere” if the Bank of Canada lowered interest rates. And he was fairly specific about it, saying that this supposed...| STOREYS
2024 was a remarkably tough year for new condos in the Greater Toronto and Hamilton Area — and anyone invested in them. This is evidenced by the fact that 14 condo projects were cancelled in 2024 alone, according to data provided to STOREYS by research and consultancy firm Urbanation. Those projects...| STOREYS
Explore how mortgages work in Canadian real estate, what terms they include, and how buyers qualify, repay, and manage home loans.| Storeys
Learn what interest rate means in Canadian real estate, how it works in holding deposits and documents, and why it's important for a secure property transaction.| Storeys
Last week, the federal government announced it will be cutting immigration in response to mounting economic pressures, including the cost and availability of housing. This move from the feds would involve lowering the cap on permanent residents and introducing controlled targets for temporary reside...| Storeys
Over the last twelve months, many industry professionals have shifted their focus from the embattled condo market to creating more purpose-built rentals.| STOREYS
In a report released Thursday, Royal LePage lays out its home price forecast for the coming year, backdropped by declining interest rates and new lending rules that make homeownership easier and more attainable for a growing number of Canadians.Their projection? Prices are on the rise, but not in th...| STOREYS
This morning, Minister of Finance Chrystia Freeland announced two new reforms intended to make homeownership more attainable and affordable for Canadians: raising the price cap for insured mortgages by $500,000 and greatly expanding eligibility for 30-year mortgage amortizations.The reforms build up...| STOREYS
