Author: homegoal.ca

\Metro Vancouver’s condo market is on track to end 2025 with its highest level of unsold inventory in years, according to a new report by Rennie. The region’s “housing market may feel balanced on the surface, but inventory trends are telling a different story,” the report states. Rennie projects a sharp 60 per cent rise in unsold condo units across the region by year’s end, jumping from the current 2,179 to an estimated 3,493. “If the current trajectory holds, we’ll be ending 2025 with the highest level of unsold condo inventory in years,” said Ryan Berlin, head economist and vice…

If you’ve been watching the housing market – maybe even saving for a while, scrolling listings, or visiting model homes – you’re in good company. But if you’ve also been hesitating to take the leap, wondering whether now is the “right time,” you’re not alone there, either.There’s no denying that the journey to homeownership in 2025 looks different than it did just a few years ago. Higher interest rates, shifting prices, and constant speculation have created a sense of pause for many would-be buyers across Canada’s major markets, including the Greater Toronto and Hamilton areas, Ottawa, Calgary, and Edmonton.But in…

Overnight rate sits at 2.75% as trade relations with the United States remain unclear On April 16th, the Bank of Canada announced that it would hold the target for the overnight lending rate at its current level of 2.75%. This marks the first time since June 2024 that the Bank has chosen not to make a cut.  In light of major shifts in trade policy with the United States, the Bank explained in its announcement that economic uncertainty has risen, thereby increasing the odds of rising inflation and making it challenging to track GDP growth. Though global economic growth was…

Don’t miss out—join us online for REM’s monthly market breakdown on April 22 at 2 PM Eastern. REM, columnist Daniel Foch will analyze CREA’s latest stats, market slowdowns, and what shifting buyer sentiment means for Realtors ahead of the federal election. It’s free, no strings attached—register here.   There’s something truly sobering about the March 2025 CREA statistics. The industry has tried to sustain its hallmark optimism against a barrage of negativity in the economy.  For months now, we’ve been whispering about uncertainty—about tariffs, interest rate indecision, macroeconomic jitters. But March 2025 didn’t whisper. It shouted, and what it revealed…

No developer is immune to a downward market cycle, even Polygon Homes, who’s been around since 1980.The region no longer has a supply shortage, but a lack of demand, said Polygon Homes President Neil Chrystal, who’s been with the company for 38 years.“We don’t have a supply problem anymore… the problem now is there are no buyers,” he said.“And even the ones waiting on the sidelines, they won’t fill up the amount of supply that we have.”That’s why it was good news for Chrystal, and Polygon Chairman Michael Audain, to see a line up form at 5:45 am recently outside…

Canada’s central bank did something it hasn’t done in a while—nothing. The Bank of Canada (BoC) held its key policy rate at this morning’s monetary policy announcement. It was the first time in a year that rates weren’t slashed, and follows the most aggressive easing cycle since the Global Financial Crisis. The BoC held primarily due to uncertainty over the country’s path forward, as the trade war can plunge Canadians into a deep recession… or not.   Bank of Canada Holds Rates For The First Time In A Year The BoC held rates after executing a somewhat controversial cut last month.…

The Bank of Canada ended its rate-cutting cycle today with its first rate hold of 2025, keeping the overnight lending rate at 2.75%. Unlike previous rate cut decisions, today’s outcome was less predictable given heightened trade risks, tariff policy uncertainty, and the upcoming federal election. The impact of this rate hold on the 2025 spring housing market could be minimal, but the current economic climate might provide ideal home-buying conditions for savvy buyers.  The last time the Bank of Canada’s overnight lending rate was lower than 2.75% was in September 2022. At that time, the Bank of Canada was just…

Prices decreased year over year in Greater regions of Toronto and Vancouver, while Quebec, the Prairies and Atlantic Canada recorded price appreciation Spring is typically when housing markets across the country see a surge in activity. As Canadians shake off the winter blues, many see the season as the ideal time to buy or sell a home. However, in 2025, the usual kick-off to the real estate year has played out unevenly across regions, with some markets gaining momentum while others remain sluggish. According to the Royal LePage® House Price Survey and Market Forecast released today, the aggregate1 price of…

The Residential Renovation Price Index (RRPI) tracks changes in the costs of common home renovation projects over time. It offers insight into how fluctuations in material and labour costs may affect your overall renovation budget. For homeowners and real estate investors, this index is a key indicator, highlighting market trends and helping them to budget for increases. Released on April 2, 2025, the fourth quarter report of Stats Canada’s Residential Renovation Price Index (RRPI) shows the slowest quarterly growth since mid-2020, with a national increase of 0.5%. However, going forward in 2025, evolving trade conditions, including shifts in global supply…

It felt subdued throughout the year, but there are now some numbers to back it up: the amount of commercial real estate transactions recorded in Greater Vancouver last year was the lowest total recorded in over a decade, according to statistics published by Greater Vancouver Realtors (GVR) this month. In 2024, the region recorded a grand total of 1,442 transactions, which represents a 7.0% decrease from the 1,551 sales recorded in 2023, although the total dollar volume increased by 13.2% from $8.471 billion in 2023 to $9.589 billion in 2024.Here’s the breakdown by asset class, as well as what Greater…