Author: homegoal.ca
Real estate investors are looking forward to an exclusive event on February 2nd. This upcoming free real estate investment lunch and learn will provide insights for investors with up-to-date, actionable insights into wealth-building through real estate and critical investment tools, delivered by key players in the Canadian real estate industry. This is the first of the 2025 Investor Series events being offered by Canadian Real Estate Wealth / Playbook Media exclusively to their readers and subscribers. These Investor’s Series events connect real estate experts with the community to provide valuable education and share proven strategies for success. Each event also…
Canada’s government unveiled its latest magic trick—slowing inflation despite a weakening loonie and a trade partner that’s experiencing an acceleration. Statistics Canada (Stat Can) data shows policymakers made the growth of the consumer price index (CPI) disappear in December. A dive into the numbers reveals it was just an optical illusion—the GST/HST holiday temporarily offset the rising costs the rest of the world is facing. The temporary reduction will be seen in reduced CPI through February, with headline growth set to return with a vengeance by March. Canadian Headline Inflation Decelerated, Core Didn’t Budge Canadian households received some temporary relief…
As 2025 begins with average mortgage rates exceeding 7%, American households are increasingly concerned about housing affordability. A recent Pew Research survey found that 69% of Americans expressed a high degree of concern over the cost of housing, up from 61% in 2023. At the same time, concerns over food prices and consumer goods have stayed relatively the same. With rising borrowing costs and tightening budgets, many families are now spending over 30% of their household income on housing expenses, particularly in high-cost states. This puts many families in a tough financial position, requiring them to allocate more of their…
Metro Vancouver’s residential market in 2024 proved to be a mixed bag, falling short of optimistic forecasts set earlier in the year by Greater Vancouver Realtors (GVR). While some gains were seen, they didn’t reach expectations, leaving some market watchers reassessing their expectations for 2025. Missed sales targets GVR released its H1 forecast for 2025, including a look at how 2024’s market compared to its forecast. At the start of last year, optimism was high. GVR predicted an 8 per cent increase in sales compared to 2023, with projections reaching 28,250 transactions by year-end. Ultimately the market closed…
The most recent employment statistics from Stats Canada showed overall growth in December 2024, with most industry sectors and provinces experiencing job growth. Employment Growth Overall Canada saw an increase of 91,000 jobs in December 2024, marking a rise in full-time employment that boosted the overall employment rate to 60.8%. Source: Stats Canada Employment Growth by Sector The biggest gains were seen in educational services, which increased by 1.1%, and transportation and warehousing, with a notable 1.6% increase in this sector. Finance, insurance, real estate, rental and leasing saw a 1.1% increase; the accommodation and food services and construction sectors…
Canada is still in a deep winter freeze, but the market is shaping up for an interesting Spring. National Bank of Canada (NBF) found that real estate inventory proved more resilient than sales in December. That inventory might be even higher this Spring, as frustrated sellers cancel 1 in 5 listings without a sale. Many waiting for cheaper mortgages and improved demand in the Spring may be in for a surprise. Not only will this group-think result in them re-listing at the same time, but bond markets have been pushing yields higher, undermining the impact of mortgage stimulus. Canadian Real…
When welcoming guests into your home, it’s essential to make them feel both comfortable and impressed. The guest room plays a key role in this experience, serving as a space that balances style with functionality. From lighting and color schemes to furniture choices, every detail should be considered with your guests’ comfort in mind while reflecting your personal style. Looking for inspiration to make a lasting impression and ensure your guests’ comfort? Here’s your guide to designing the perfect guest room that blends both aesthetics and hospitality seamlessly. Room Layout Designing a room isn’t complete without carefully considering the layout.…
Many of us have a love/hate relationship with change. Brace yourself. Among the latest disruptors attempting to flip the residential real estate industry on its head is Hyyve, a soon-to-be-launched Toronto-based platform where Realtors bid on residential listings, competing with other agents in what’s essentially a bidding war to get clients. Yes, you read that right. Agents pay upfront for the right to list a property. Sellers keep the cash, regardless of the outcome What’s more, homeowners get to keep the cash the winning agent bid, even if the property doesn’t sell. Although bidding for listings won’t be…
Canmore is a key destination for recreational properties and tourist-oriented rentals. The numbers of tourist homes and short term accommodations have been growing in Canmore over the past decade. Tourist homes rose about 33% from 2013 to 2022, while short-term accommodations grew 25% from 2014 to 2022. However, Canmore’s housing and rental market is undergoing significant changes, with a housing action plan that includes new policies reshaping how properties can be used and taxed. These shifts directly impact owners of recreational and rental properties. The changes center around three key areas: adjustments to tourist home regulations, incentives for primary residence…