Tag: real estate market
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Canadian Home Sales Plunge to Lowest Level in Over a Year Amid Escalating Trade War
Biggest Monthly Decline Since May 2022, Reports CREA Canadian real estate is feeling the impact of economic uncertainty, as home sales and new listings sharply declined in February—the first full month of the ongoing trade conflict with the United States. According to the Canadian Real Estate Association (CREA), national home sales dropped nearly 10% month-over-month,…
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Canadian Inflation Drops to 1.6% in September – A Big Rate Cut Might Be Coming
In September, Canada’s inflation rate dropped to 1.6%, the lowest it’s been since February 2021. This decrease is mainly due to falling gas prices and is raising hopes that the Bank of Canada will cut interest rates to help boost the economy. Many economists are now predicting that at the Bank of Canada’s next meeting…
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Ontario Cottage Owned by Royal Family Member Listed for $10.5M
A stunning cottage owned by a relative of Princess Diana has just been listed on the real estate market — not in the U.K., but right here in Ontario. The luxurious 3+2-bedroom, five-bathroom property, more akin to a designer vacation home than a rustic cabin, is priced at an impressive $10.5 million. This price reflects…
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Bank of Canada’s Rate Cut: Limited Impact on Real Estate Market
On July 24, 2024, the Bank of Canada lowered its key interest rate by a quarter percentage point to 4.5%. While this move is intended to combat inflation and stimulate economic growth, experts suggest that its immediate impact on the real estate market will be limited. Modest Rate Cut and Market Expectations John Lusink, President…
Canada Housing Market 