Real Estate News & Articles
9/10/2024 | Posted in Commercial Real Estate by Mike Bancheri
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CBRE report ranks Toronto as 4th-best North American market, has largest job growth since 2018 ... More
9/10/2024 | Posted in Canadian Housing Market by Mike Bancheri
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While the Bank of Canada may be lowering interest rates, the move is not having an immediate effect on Canada‘s housing market, an economist at one of Canada’s biggest ... More
9/5/2024 | Posted in Commercial Real Estate by Mike Bancheri
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Canada’s commercial real estate sector saw positive momentum in the second quarter of the year, according to a new report, which notes further reductions in borrowing costs ... More
9/5/2024 | Posted in GTA Real Estate by Mike Bancheri
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Greater Toronto Area (GTA) home sales were down on a year-over-year basis in August 2024. New listings were up slightly over the same period. While the region’s housing ... More
9/5/2024 | Posted in Mortgage Interest Rates by Mike Bancheri
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Real estate experts say the Bank of Canada’s third consecutive interest rate cut is welcome news for variable-rate mortgage holders, but it could still be some time before ... More
9/4/2024 | Posted in Canadian Economy and Interest Rates by Mike Bancheri
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The Bank of Canada has cut its policy rate by a further 25 basis points in its September decision, marking a third consecutive move to bring rates lower. ... More
9/3/2024 | Posted in Canadian Housing Market Predictions by Mike Bancheri
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Interest rate cuts should spark buying activity says RE/MAX Canada ... More
9/3/2024 | Posted in Interest Rates by Mike Bancheri
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The Bank of Canada is widely expected to deliver a third consecutive interest rate cut on Wednesday as inflationary forces continue to cool on both sides of the Canada-United ... More
8/28/2024 | Posted in Canadian Housing Market by Mike Bancheri
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A home building industry association says new home sales in July were at an all-time low, and is calling on urgent action from the government. ... More
8/20/2024 | Posted in Canadian Economy and Interest Rates by Mike Bancheri
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Inflation is continuing to ease, leaving the door open to another Bank of Canada rate cut in September, economists say. ... More
8/15/2024 | Posted in Canadian Housing Market by Mike Bancheri
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While there were early signs of renewed momentum in June following the Bank of Canada’s first interest rate cut since 2020, activity in Canada’s housing market took a ... More
8/13/2024 | Posted in Mortgage Advice by Mike Bancheri
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Millions of Canadian homeowners are facing mortgage renewals in the coming years, with many feeling stressed as they prepare for higher payments amid persistently elevated ... More
8/13/2024 | Posted in Condos For Sale by Mike Bancheri
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Strained affordability amid higher borrowing costs continues to drag down Toronto’s “lethargic” housing market this summer, according to a new report by RBC ... More
8/8/2024 | Posted in Canadian Economy and Interest Rates by Mike Bancheri
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TD, CIBC and BMO have led the way with their revised forecasts, with all now expecting the Bank of Canada to cut interest rates faster and deeper over the next 16 months. ... More
8/7/2024 | Posted in Canadian Economy and Housing Market by Mike Bancheri
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The Bank of Canada sees less risk of housing market overheating due to affordability issues. ... More
8/6/2024 | Posted in GTA Real Estate by Mike Bancheri
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Greater Toronto Area (GTA) home sales in July 2024 were up compared to July 2023. While sales were up from last year, buyers continued to benefit from more choice in the GTA ... More
8/4/2024 | Posted in Mortgage Interest Rates by Mike Bancheri
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Bond yields plummeted late last week as economic instability prompted investors to seek the safety of bonds. ... More
8/3/2024 | Posted in Canadian Economy and Interest Rates by Mike Bancheri
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Markets are betting the Bank of Canada will cut at each of its remaining interest rate decisions this year as the labor market in the U.S. looks to be loosening faster than ... More
8/2/2024 | Posted in First Time Home Buyers by Mike Bancheri
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The Canada Mortgage and Housing Corporation (CMHC) has officially launched Home Start, a 30-year mortgage option for first-time homebuyers purchasing newly constructed homes. Will ... More
8/1/2024 | Posted in Mortgage Interest Rates by Mike Bancheri
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Canadian lenders are cutting fixed mortgage rates following a drop in bond yields. But what’s behind these latest moves? ... More
7/31/2024 | Posted in Rental Market by Mike Bancheri
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A new report says condo rents in Canada's mostly densely populated region have dipped for the first time in three years. ... More
7/29/2024 | Posted in First Time Home Buyers by Mike Bancheri
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Mortgage down payment gifts from family members remain a crucial factor for first-time homebuyers in Canada, even as the housing market cools and economic conditions tighten. ... More
7/26/2024 | Posted in Canadian Economy and Interest Rates by Mike Bancheri
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Borrowers may have welcomed recent rate cuts from the Bank of Canada, but TD Bank and CIBC predict an additional 175 bps cut by the end of 2025, lowering the overnight rate to ... More
7/24/2024 | Posted in Canadian Economy and Interest Rates by Mike Bancheri
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The Bank of Canada cut its benchmark interest rate by a quarter of a percentage point on Wednesday, the second straight reduction in the central bank’s easing cycle. ... More
7/18/2024 | Posted in Ontario Real Estate by Mike Bancheri
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New condominium sales plummeted to a 27-year-low during the first six months of 2024 as a “sharp downturn in construction starts” in Toronto continued to impact ... More
7/17/2024 | Posted in Mortgages and Real Estate by Mike Bancheri
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With many Canadian homeowners facing a sharp rise in mortgage payments, many of them have decided to bail, resulting in the highest number of Toronto housing units for sale in ... More
7/16/2024 | Posted in Canadian Economy and Interest Rates by Mike Bancheri
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Experts speculate the Bank of Canada may cut rates next week following a larger-than-expected slowdown in the country’s inflation rate in June. ... More
7/16/2024 | Posted in Commercial Real Estate by Mike Bancheri
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The bottom is in sight for commercial real estate valuations, though there’s probably more room for office values to continue their decline. ... More
7/14/2024 | Posted in Financial Health by Mike Bancheri
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With interest rates and borrowing costs at elevated levels, it’s more important than ever to ensure your credit report is in good standing. ... More
7/12/2024 | Posted in Canadian Housing Market by Mike Bancheri
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Activity in Canada's housing market saw some early signs of renewed life in June 2024, following the Bank of Canada's interest rate cut at the beginning of the month. ... More
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