Author: homegoal.ca
Manitoba’s housing market remained in seller-favourable territory from the start of 2024, up to the first quarter of 2025. Strong year-over-year sales gains, persistently low inventory, and accelerating price growth characterized 2024. Source: Edge Realty Analytics The province started Q1 2024 with a 5.8% increase in home sales from the previous quarter and an exceptional 23.2% year-over-year (y/y) jump, reflecting pent-up demand and favourable financing conditions. Q2 2024 saw sales continue to climb, up 1.9% quarter-on-quarter (q/q) and 9.8% year-over-year—albeit at a more moderate clip. By Q3 2024, transactions rose 3.3% q/q and 11.5% y/y, sustaining momentum even as mortgage…
When Rennie Group publicly announced they’d be laying off 25% of their staff in response to the huge drop in condominium presales activity over the last two years, the real estate marketer made instant headlines.The move underscores just how strained the development landscape has become that it’s now announcing layoffs. And it’s also an alarm bell that the industry will need help from policy makers to re-stimulate the market, including the new federal government.“These are really tough times,” said Rennie Group president Greg Zayadi in an interview. “The industry is changing. We’re having to pivot, and we all have to…
Canadian households hoping for cheaper mortgages just got bad news. Hotter-than-expected inflation data has sent Government of Canada (GoC) bond yields soaring, wiping out any progress made in 2025. The move means higher fixed-rate mortgages are on the way, and they’ll climb further if yields continue to rise. Government Borrowing & Your Mortgage Rate Credit is market-based: Borrowers compete for capital from investors looking at similar risks and time frames. The Bank of Canada (BoC) overnight rate influences variable-rate mortgages since they’re both based on overnight borrowing. Fixed-rate mortgages move with GoC bond yields of similar lengths—i.e., a 5-year fixed-rate…
Canadians are going house poor across all income levels, highlighting just how difficult it’s become to attain affordable housing. A recent survey of approximately 1,000 Zoocasa readers reveals that nearly one in four respondents (24.3%) are spending over 30% of their household income on housing costs, including rent and mortgage. According to popular financial guidelines, including those from the Canadian Mortgage and Housing Corporation, housing is considered unaffordable if a household spends more than 30% of its income on housing. The Zoocasa findings show that both low-income and high-income earners are overextending their budgets and becoming “house poor”. While those…
Image source: RateMyAgent.com A husband and wife who claim they were scammed by former Calgary Realtor Eric Drinkwater say roadblocks with the Real Estate Council of Alberta are adding to their strife as they seek justice. The couple, who asked to remain anonymous to protect their reputations in the oil and medical fields, says they lost $87,000 after agreeing to invest with Drinkwater in 2022. Calgary police charged Drinkwater on May 8 with one count of fraud over $5,000. Investigators say Drinkwater solicited loans disguised as real estate investment opportunities, resulting in at least 16 victims and a combined…
Set for occupancy in March 2026, Garden 11, in East Vancouver’s Grandview-Woodlands neighbourhood, presents a collection of thoughtfully designed homes that embrace nature without sacrificing modern convenience. Crafted by AREE Developments, the project occupies a serene, tree-lined streetscape, just two blocks from Trout Lake. Garden 11’s projected average return on investment of 18.32%* reflects market dynamics and the building’s combination of sustainability, premium design, and desirable location. Natural Surroundings with Urban Conveniences Garden 11 occupies a quiet stretch of Garden Drive framed by mature oak and maple trees, offering residents a calm residential setting. Just two blocks away, Trout Lake…
Questions have been asked as to whether or not the City of Vancouver and its new Vancouver Housing Development Office (VHDO) will be able to maintain the proper arm’s-length relationship the two offices have outlined. Now, some glimpses of that relationship have come into view as a result of revisions that have been made to one of the VHDO’s projects. In December, the City published the VHDO’s first rezoning application, focused on 1402-1460 Burrard Street, 900 Pacific Street, and 1401-1461 Hornby Street. The 1.8-acre site is located at the northern end of the Burrard Bridge and the VHDO proposed 1,136…
Looking for a new home? Why not add a daily dose of humor to your address? Canada is home to some real estate gems located on streets with names that will have your friends double-checking the GPS. Whether you’re buying your first house or just browsing for fun, we’ve rounded up some of the quirkiest street names across the country — and the homes for sale on them. Who says house hunting can’t be hilarious? Listed by: chestnut park real estate Listed by: chestnut park real estate Listed by: chestnut park real estate Property Details This enchanting 100-acre Muskoka estate…
Plans have been filed for a chic new 12- and 43-storey mixed-use development that would deliver over 600 new housing units to Eglinton Avenue West. Located at 2343-2363 Eglinton Avenue West on the southwest corner of Eglinton Avenue and Caledonia Road, the proposed development would be within steps of the soon-to-be-complete higher-order transit stops and in close proximity to a number of retail options and ample green space.Filed in early May, the plans support a Zoning By-law Amendment application that is currently under review with the City. If approved, the development would replace a one-storey Shoppers Drug Mart and parking…
Canadian inflation slowed last month, though most people are unlikely to have noticed much savings (if any). Statistics Canada (Stat Can) data shows the headline Consumer Price Index (CPI) slowed in April. It was a result of last month’s removal of the consumer carbon tax, leading to an abrupt but temporary decline. However, a look beneath the headline data reveals the Bank of Canada’s (BoC) preferred measure of inflation is accelerating, and breached the central bank’s upper tolerance band. Canadian Headline Inflation Falls After Carbon Tax Removal Canadian headline inflation showed a healthy reduction, due entirely to the removal of…