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 […]
Tag Archives: Royal Lepage Grand Valley Realty
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 […]
Desire for lower living costs, closeness to nature, have urban dwellers considering relocation to a more affordable Canadian city Quebec City and Edmonton top choices for relocation; cost of living and proximity to nature among driving factors Highlights: TORONTO, May 29, 2024 – According to a recent Royal LePage survey of Canadians living in the greater […]
Despite rising inventory levels, many of Canada’s homebuyers have remained on the sidelines this spring, resulting in more balanced, less feverish market conditions this past month. According to the latest market report from the Canadian Real Estate Association (CREA), home sales across Canadian MLS Systems dropped 1.7% month-over-month in April, 2024. Actual monthly activity came […]
Alasdair Douglas 