Tag: Royal LePage

• 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…

  Kaleylangille

  July 24, 2024

  Uncategorized

  Adam Jacobs, bank of canada, BMO, Canadian housing market, Colliers Canada, commercial real estate, economic growth, fixed mortgage rates, home buyers, housing market, inflation control, interest rate cut, interest-rates, John Lusink, Karen Yolevski, Leah Zlatkin, LowestRates.ca, mortgage rates, mortgage-rates, Penelope Graham, property market, Ratehub.ca, real estate, real estate market, realtor, Right at Home Realty, Robert Kavcic, Royal LePage, variable mortgage rates, Victor Tran

• 1 in 5 Toronto Renters Spend Over Half Their Income on Rent, According to a New Report

  

  Toronto’s housing market crisis is not limited to soaring home values that price residents out of ownership; renting is also becoming increasingly unaffordable. A recent report by Royal LePage reveals that nearly one in five Toronto renters now spend more than half of their monthly income on rent, highlighting the severity of the city’s affordability…

  Kaleylangille

  June 21, 2024

  Uncategorized

  2024 Canadian Renters Report, affordable housing, housing, landlord, Ontario housing affordability, real estate, rent, rental affordability crisis, rental market shortage, Royal LePage, Toronto housing market, Toronto renters