More than 4 out of 5 Canadians aged 18-38 believe that home ownership is a worthwhile investment Despite affordability challenges, majority of young Canadians see home ownership as a worthwhile investment Gen Z and young millennials are prioritizing saving, building good credit and reducing discretionary spending to achieve goal of home ownership Highlights: TORONTO, August […]
Monthly Archives: August 2024
Alasdair Douglas’ Real Estate Blog, Waterloo Region Housing Market Sees Modest Sales Uptick in July Amid Lower Interest Rates and Increased Inventory By WRAR August 6, 2024 Market Stats WATERLOO REGION, ON (August 6, 2024) —In July, a total of 639 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the […]
Bank of Canada makes second consecutive rate cut, lowers overnight lending rate to 4.50% For the second time in a row, Canada’s central bank has cut its overnight lending rate. In its pre-scheduled July 2024 announcement, the Bank of Canada dropped the target for the overnight lending rate by 25 basis points to 4.50%. While […]
30-year amortizations on insured mortgages for new build homes now available for first-time buyers First-time buyers of new construction homes in Canada will now be able to access longer mortgage amortization periods. As of August 1st, 2024, lenders will be allowed to offer 30-year amortizations for insured mortgages to first-time homebuyers of new construction homes, […]
Alasdair Douglas 