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 […]
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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 […]
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, […]
Nationally, home prices increased 1.5% on a quarterly basis in Q2 despite activity slowdown in major markets The spring market that never was: Canadian real estate remains in prolonged catch-up period as buyers idle on the sidelines Further interest rate cuts required to increase purchasing power and improve consumer confidence Second-quarter highlights: TORONTO, July 11, […]
The 2024 federal budget introduced important changes to capital gains rates, and you should be aware of how this could impact you or your clients. A capital gain occurs when you sell, or are deemed to have sold, a capital asset for an amount greater than its adjusted cost base plus the outlays and expenses […]
Waterloo Region Housing Market Sees Cooling Trend: Increased Inventory and Lower Prices Provide Opportunities for Buyers BY WRARJULY 4, 2024MARKET STATS WATERLOO REGION, ON (July 4, 2024) —In June, a total of 674 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This represents a […]
Despite affordability challenges, a quarter of Canadian renters plan to get a foot on the property ladder in the next two years 27% of renters say they are planning to buy a property within the next two years Among those who expect to continue renting, insufficient income noted as greatest hurdle to home ownership amid […]
After holding the overnight lending rate at a two-decade high of 5% for 11 months, the Bank of Canada has reduced its policy rate. In its pre-scheduled announcement for June, Canada’s central bank reduced the target for the overnight rate by 25 basis points to 4.75%. Though inflation remains slightly above the BoC’s target rate […]
Waterloo Region Sees Dip in Home Sales Due to Sluggish Condo Market WATERLOO REGION, ON (June 5, 2024) —In May, a total of 742 homes were sold via the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR). This represents a decrease of 8.1 per cent compared to the same period last […]
Alasdair Douglas 