Dec 30, 2024 · The Canadian Real Estate Association (CREA) 2025 home sales forecast: 499,816 (+6.6% year-over-year) “…the profile for sales from one of a gradual improvement has changed to one whereby the market is forecast to remain in more of a holding pattern until next spring, when a sharper rebound is expected.

Dec 2, 2024 · As regular readers of Canadian Mortgage Trends know, bond yields typically influence fixed mortgage rate pricing. However, that’s not the case right now. Several lenders, including three of the Big 5 banks, have recently raised rates on some of their fixed-rate products.

Dec 10, 2024 · Non-payment of rent used to be dealt with swiftly in small claims court. I know, I was a landlord in the 1980s and 1990s and I had tenants who instead of paying their rent would take cruises or buy an RV but I had recourse back then.. small claims court had very user-friendly forms, and I did all my own legal work and pled my case in front of the judge and in every case, I got a Judgement ...

Sep 18, 2024 · “Say someone got a 5-year fixed rate two years ago, and let’s say the rate was 5.34%,” explains Imhoff. “A broker can go to that client now and say, oh, I can give them a new term that may save them $2,000 over three years.”

Jan 3, 2025 · British Columbia’s latest property assessments show values remain generally flat compared to the previous year, but researchers warn the numbers don’t herald housing affordability in the famously expensive province.

Dec 31, 2024 · As the calendar flipped one year ago, Canadian real estate watchers were optimistic a sluggish 2023 would give way to a rebound, with hopes of renewed demand as soon as the spring.

Oct 10, 2024 · FINTRAC (the Financial Transactions and Reports Analysis Centre of Canada) is the federal body responsible for monitoring and analyzing financial transactions to combat money laundering, terrorist financing, and sanctions evasion.

Oct 28, 2024 · Earlier this month, the federal government unveiled the Secondary Suite Refinance Program, set to launch January 15, 2025, which will allow homeowners to refinance up to 90% of their property’s value (capped at $2 million) to add up to four rental units—such as basement apartments, in-law suites, or laneway homes.

Nov 21, 2024 · As we wrote earlier this month, Donald Trump’s recent U.S. presidential victory has triggered a surge in markets, including the bond market, fuelled by his pro-growth policies and tax-cut promises.. Many of Trump’s policies are inflationary, including his promise to remove taxes on tips and overtime, introduce a 60% tariff on Chinese …

Dec 16, 2024 · Additional housing updates. Secondary suites funding: (Previously announced last week) Loan limits for secondary suite programs have been doubled to $80,000, offering homeowners more affordable financing options. In addition, the loans will be offered at a 2% interest rate with a 15-year term. Consultations on curbing corporate purchases of single-family homes: On November 19, 2024, the ...