Housing Crisis Year 8: Ontario and Ottawa’s Post-February 1st
Canada’s housing crisis remains a defining challenge, with affordability slipping further out of reach for many and economic growth hampered by supply constraints. Ontario’s ambitious pledge to build 1.5 million homes by 2031 is at risk, with construction lagging and external pressures mounting. Meanwhile, the federal government is deploying significant funding and policy reforms, but […]
Sunday Dock Read: Mark Carney & New Homes Outlook 2025
2025 Residential Construction Outlook: Steady Growth and Opportunities As we step into 2025, the Ontario residential construction market looks to be on a solid, steady path of growth. Thanks to lower mortgage rates, strategic government policies, and the ongoing demand for new homes, it’s shaping up to be a year of steady progress for builders […]
Sunday Dock Read: Trump’s Tariffs: What it Means for the Real Estate Market – An Updated Study
First – Come On – Let’s Address This Snow Madness Over the past four days, Ontario has been living up to its reputation as a snow globe, especially in the southern and central parts of the province. Southern Ontario got hit the hardest: Eastern Ontario had its usual flirtation with snow, with Ottawa seeing its […]
Sunday Dock Read – 2025 Mortgage Rate Forecast
2025 Real Estate Update Five Reasons Why Home Prices Will Rise 10% in 2025 In 2025, home prices in Canada are expected to rise by 10% year-over-year. Here are the five key factors driving this predicted growth: In summary, these factors—combined with stronger demand and more favorable financial conditions—are expected to push home prices up […]
Sunday Dock Read: The Trump Victory: Friends, Americans, Canadians, Lend Me Your Ears
HuronMortgages.ca Outlook for the Next 6 Months Here’s What He’s Said Which Means Little, But We’ll Pretend Trump has promised lower interest rates. That will be largely out of his control.Ah, the dream of Donald Trump lowering interest rates—a plan about as realistic as using a hairdryer to put out a fire. During his campaign, […]
Sunday Dock Read – Fear & Loaning Your Child Their Down Payment
That is why an increasing number of parents are choosing to assist their children by gifting cash for home purchases. Home prices surged in 2021 due to low mortgage rates. Although prices have slightly decreased with rising interest rates, they remain much higher than pre-pandemic levels. As reported by the Canadian Real Estate Association, the […]
Sunday Dock Read – Variable Mortgage Surge & How To Refi To Save Money Now
The Re-Emergence of the Variable Rate Mortgage & How to Refi to Save Money Now More Canadian homeowners are exploring the option of switching from fixed-rate to variable-rate mortgages following a significant interest rate cut by the central bank on Wednesday, according to mortgage brokers. The Bank of Canada reduced its benchmark policy interest rate […]
Sunday Dock Read – Looking Ahead – Oct 23 BOC Rate Announcement
All eyes are on the Bank of Canada as it prepares for its next interest rate announcement on October 23. Following the latest inflation report, investors are increasingly anticipating a half-point rate cut, along with an additional 25 basis points of easing by year-end. If this unfolds, the Bank of Canada’s policy rate could reach […]
Sunday Dock Read – Condo Update, Liberals Legislation, Indigenous People Lead Out West
A condo buying frenzy swept most major Canadian cities during the peak of the pandemic around 2022. It was a huge seller’s market in most places with a population over 500,000, most notably Toronto. Simply not enough inventory to keep up with buyer demand sent prices to the moon.
Sunday Dock Read – Commercial Labor Day Edition
Developer Secured for $52 Million Affordable Housing Project in Cambridge The regional council has formally approved a new developer for an upcoming affordable housing project in Cambridge. Affordable Housing Project Set to rise at 589 Langs Drive, this initiative is backed by the 2024-2033 Waterloo Region Housing Master Plan Capital Program and is projected to […]