Tag: real estate
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AI-Powered Real Estate: How an AI Agent Generated $100M in Sales in Portugal
The Future of Real Estate is Here Artificial intelligence is revolutionizing the real estate industry, and Porta da Frente Christie’s is leading the charge. The Portuguese brokerage firm has achieved a staggering $100 million in sales, thanks to the groundbreaking implementation of eSelf AI’s AI-powered real estate agent. How AI is Transforming Property Sales The…
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Canada’s Top 10 Trending Cities for Renters in 2025: Where Apartment Hunters Are Looking
Canada’s Most In-Demand Rental Markets As home prices remain high and inventory remains tight, renting continues to be the preferred choice for many Canadians. A recent report by RentCafe shows shifting interest across the country, with some unexpected cities climbing the ranks. Here are the top 10 most sought-after cities for renters in 2025: 1.…
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Experts predict a 0.25% rate cut from the Bank of Canada on Jan 29 2025
As the new year begins, Canadians are eagerly anticipating the Bank of Canada’s (BoC) first interest rate announcement of 2025. Scheduled for January 29, this update is expected to reveal key insights into the central bank’s strategy to address ongoing economic challenges. Experts are already weighing in on what to expect. Reflecting on the Final…
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Here’s what cities most Canadians are moving to according to U-Haul’s 2024 Growth Index Report
As Canadians continue to relocate in large numbers, U-Haul’s annual Growth Index offers a unique glimpse into the most popular destinations across the country. The report tracks growth based on the net gain or loss of one-way U-Haul equipment rentals, and in 2024, smaller Ontario cities stood out as key relocation hotspots. Ontario: The Economic…
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Canada’s Rental Prices Drop: Key Insights from Rentals.ca December 2024 Rent Report
In November 2024, Canada’s residential rental market experienced a notable decline, with asking rents falling to a 15-month low of $2,139. This marks a 1.6% decrease compared to the previous year, following a 1.2% drop in October. Despite this decline, rents in Canada are still higher than two or three years ago, reflecting long-term growth…
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Bank of Canada Cuts Interest Rates By 50bps to 3.25%: What It Means for Canada’s Housing Market
On December 11, 2024, the Bank of Canada made its second consecutive half-point rate cut, lowering the policy interest rate from 3.75% to 3.25%. This marks the fifth consecutive rate cut since June and signals a shift towards a more gradual approach to monetary easing. In a statement, Governor Tiff Macklem emphasized that while inflation…
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Why Economists Are Changing Their Predictions: 50 Bps Rate Cut Likely from Bank of Canada Tomorrow
As the Bank of Canada prepares to announce its interest rate decision tomorrow, December 11, 2024, economists across the country are adjusting their predictions. Initially uncertain, many are now leaning towards a 50-basis-point (bps) rate cut, with top institutions like Scotiabank and the Bank of Montreal (BMO) joining the growing consensus. This decision could have…
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Canada’s New Mortgage Reforms Take Effect December 15 and Here’s Everything Homebuyers Need To Know
The Canadian government is introducing major mortgage changes that will take effect on December 15, 2024. These reforms are being called the “boldest in decades” and are designed to tackle the country’s housing affordability issues, especially in expensive cities like Toronto and Vancouver. Key Changes Starting December 15 Raising the CMHC Insured Mortgage Cap The…
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Canada Allocates $50 Million to Crack Down on Airbnbs and Short-Term Rentals
The Canadian government is taking significant steps to address the housing crisis by investing $50 million in the Short-Term Rental Enforcement Fund. With approximately 235,000 short-term rental units, including Airbnbs and Vrbos, operating across the country, this initiative aims to bring non-compliant properties back into the long-term housing market. The Goals of the Short-Term Rental…
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Toronto Proposes Down Payment Assistance for High Earners in the 80th Income Percentile
Toronto is considering a new housing initiative that could help higher-income earners in the 80th percentile of incomes buy homes by providing down payment assistance. This program aims to make homeownership more attainable for residents who earn between $125,000 and $150,000 annually but still struggle to afford homes in the city’s competitive market. If implemented,…
Canada Housing Market 