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One third of Canadians would choose living in suburbs over urban centres

During the peak of COVID-19 pandemic, Canada’s housing market almost stopped. However, the combination of current strong demand, lack of supply and historically low mortgage rates have led to further prices growth. A recent poll by Remax Reality expects real estate prices to go...
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Condo rental listings were up in Toronto by 45%

After many years of extremely low vacancy rates, Toronto’s rental market reported a sharp increase in new listings during the second quarter of 2020 caused by the COVID-19 pandemic. According to the latest report by Zoocasa, condo rental listings rose by 45% annually in...
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RBC Economics expects housing prices to go up soon

According to RBC Economics, there are no reasons for a possible home prices decline in the nearest future. An increase is more likely. “We don’t see factors which could stop the growth in real estate values any time soon,” – RBC economist Robert Hogue...
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CREA says home prices were up by 14% annually in July

Last month, Canada’s real estate market showed a strong rebound with record home sales and a 14% annual prices gain. According to the Canadian Real Estate Association (CREA), there were 62,355 resale homes sold via the MLS, which is even higher than the previous...
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Bank of Canada benchmark interest rate goes down to a three-year lowest mark

Great news for Canadians who plan to purchase a property: the benchmark five-year mortgage rate posted by the central bank was down for the third time this year, making it easier for some borrowers to pass a stress test. According to the Bank of...
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