2024 – a transitional year for the GTA housing market: TRREB The 2024 Greater Toronto Area housing market was marked by shifting dynamics that gave buyers more negotiating power, according to the latest market report from the Toronto Regional Real Estate Board (TRREB). Annual sales saw a modest increase compared to 2023, while new listings […]
Category Archives: Market Updates
Canadian property price appreciation set for a return to long-term norms in 2025 Royal LePage® predicts declining interest rates and new lending rules will bring buyers back to the market next year Highlights: TORONTO, December 5, 2024 – After several years of significant fluctuations, driven by pandemic-era disruptions, dramatic swings in interest rates over a short period […]
November Home Sales in Waterloo Region Up Over Last Year By WRARDecember 4, 2024Market Stats WATERLOO REGION, ON (December 4, 2024) —In November, a total of 539 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This represents a 21.1 per cent increase compared to […]
Waterloo Region Sees Decrease in Home Sales for September By WRAROctober 3, 2024Market Stats WATERLOO REGION, ON (October 3, 2024) —In September, a total of 521 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This represents a decrease of 2.1 per cent compared to […]
Overnight lending rate falls to 4.25% as Bank of Canada makes third consecutive cut September 4, 2024 Canada’s central bank has made a third cut to its overnight lending rate this year, lowering borrowing costs for existing and aspiring homebuyers yet again. In its scheduled September 2024 announcement, the Bank of Canada dropped the target […]
Waterloo Region Sees Strong Demand for Detached Homes Amid Cooler Residential Sales in August By WRARSeptember 5, 2024Market Stats WATERLOO REGION, ON (September 5, 2024) —In August, a total of 539 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This represents a decrease of […]
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 […]
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 