Is This (Finally) The Bottom?
For more than two years, the GTA real estate market – from new builds to resale – has been on a downward trajectory. Has that finally changed?| Storeys
For more than two years, the GTA real estate market – from new builds to resale – has been on a downward trajectory. Has that finally changed?| Storeys
With more interest rate cuts "all but guaranteed" for the coming months, sales ticked up — though nominally — in August as would-be-homebuyers continued to hold out for lower rates, shows findings from the Canadian Real Estate Association's (CREA) August statistics report.“Despite some fledgling sig...| Storeys
Slower price growth is expected to entice waiting buyers to come off the sidelines in the year ahead, as will lower borrowing costs. While polling also shows around two-thirds of renters would 'seriously consider' homeownership amid further rent increases.| Storeys
Counter to seasonable trends, home sales in Greater Vancouver actually saw a not-insignificant drop from May to June.| Storeys
As was the case in 2022 and 2023, the undercurrent of the past year was interest rates. Across eight announcements, the Bank of Canada (BoC) lowered the policy rate five times in 2024, including by 50 basis points in both October and December. We will ring in 2025 with a policy rate of 3.25%, which ...| Storeys
storeys.com ‘Issue of the Year’ is part of STOREYS' annual editorial year-end series. You can find the rest of our 2024 selections here as they're released throughout the week.Once hailed as ‘king,’ condos (in particular, new condos) in Canada...| Storeys
We may now be three interest rate cuts in (with a fourth anticipated for next week), but rates have already left an indelible mark on the Greater Toronto and Hamilton Area’s new condominium market. In fact, over the past two years, 33 new condo projects that were actively selling have been converted...| Storeys
Despite murmurings from local real estate boards that last month’s interest rate cut was largely inconsequential for housing, the Canadian Real Estate Association (CREA) is reporting "signs of renewed life" in their June statistics report.“It wasn’t a ‘blow the doors off’ month by any means,” says S...| Storeys
Despite constant calls to build, build, build and a recent boom in purpose-built rental (PBR) projects, the narrative is still the same: Ontario is not building rental units fast enough to meet rising demand."Without a significant improvement in the economic feasibility of building purpose-built ren...| Storeys
"Sales gains are now three for three in the months following interest rate cuts, which is a trend even though the increases weren’t headline-grabbing,” said Shaun Cathcart, CREA’s Senior Economist in the Canadian Real Estate Association's (CREA) September statistics report. The report shows that hom...| Storeys
Since June, Canadians have witnessed three consecutive rate cuts, bringing the interest rate from 5% to 4.25%. And with more decreases expected for October and December, 2024 is set to be the 'year of rate cuts.'Even so, the policy interest rate remains higher than ideal, home prices also remain hig...| Storeys
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
Toronto condo investors were losing an average of $223 per month in 2022, compared with earnings of $63 per month in 2020.| Storeys
After a somewhat promising June, data from Canadian Real Estate Association's (CREA) July 2024 statistics report reveals housing market activity effectively stalled in July, despite the July 24 interest rate cut.In June, the "fledgling" market saw slight increases in month-over month sales, tighter ...| 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
After Toronto and Vancouver real estate boards posted striking year-over-year increases in home sales for October — 44% and over 30%, respectively — it appears they're not alone, as the Canadian Real Estate Organization (CREA) reported Friday that nationwide sales in October were the highest they've...| STOREYS
The District Northwest project by Thind Properties is set for 13438 105A Avenue in Surrey and consists of two high-rise towers.| STOREYS
Hart Buck and Jennifer Darling of Colliers have handled numerous court-ordered sales in Metro Vancouver, especially in the past year.| STOREYS
Are the recent rate cuts enough to breathe new life into the GTA market?| STOREYS
