Author: homegoal.ca
designed by freepik In 2025, recent interest rate cuts are shaping the Canadian housing market outlook. The Bank of Canada has lowered interest rates, and many Canadians are asking how this will affect home prices, mortgages, and the housing market in general. The Bank of Canada sets interest rates, which affect how much it costs to borrow money. When the Bank of Canada cuts interest rates, borrowing money becomes cheaper. It impacts mortgages, loans, and other types of borrowing. For many Canadians, this means lower monthly mortgage payments, making it easier to buy a home. The impact of the Bank…
Housing affordability is a complex challenge in our country that requires multiple solutions. No single policy change or initiative will be enough to address the issue on its own. Instead, meaningful progress will require collaboration across the private, public and non-profit sectors. At the Greater Vancouver Realtors (GVR), we believe that leadership within the real estate profession has a responsibility to contribute to solutions that help make home ownership more attainable for Canadians. That is why we’re proposing a new concept: the Canadian Home Ownership Community Bond. The concept is designed to help address one of the biggest barriers to…
On March 22, 2025, the federal government announced investments in affordable housing. The government is targeting the housing crisis by launching two major funding initiatives: the Co-operative Housing Development Program (CHDP) and an enhanced round of funding under the Housing Accelerator Fund (HAF). These investments aim to support the creation of new homes, with a focus on co-operative housing and speeding up housing construction through reduced regulatory barriers.Co-operative Housing Development ProgramThe Co-operative Housing Development Program represents the largest federal investment in new co-op housing development in over 30 years, with a total funding allocation of $1.5 billion. In the first…
Near the intersection of Soudan and Redpath avenues, a four-storey co-ownership building with sun-faded yellow brick is poised to be replaced with a sleek, 56-storey counterpart. In March, Official Plan Amendment and Site Plan Approval applications were filed with the City of Toronto in respect of 148 and 158 Soudan Avenue, which is additionally occupied by a detached owner-occupied home. The proposed building is set to rise over 608 feet to the top of the mechanical penthouse, and include a gross floor area (GFA) of 501,027 sq. ft, all of which would be dedicated to residential. A total of 674…
As society’s awareness of our individual environmental footprint increases, the importance of sustainable moving practices grows. After all, the average person will move five to 11 times in their lifetime. Moving doesn’t have to harm the planet either. This Moving Help® guide will offer six practical tips to make your move a more eco-friendly moving experience. These insights will help you before your move, during your move, and after your move, and benefit you and your moving process and the environment too. Tip 1: Recognize the Importance of Sustainable Moving It’s significant to recognize how much sustainable moving can help…
designed by freepik Navigating fluctuating home prices in Canada can be overwhelming for potential buyers. The real estate market is constantly changing, with prices going up and down depending on many factors. Buying a home in today’s market can feel like navigating a rollercoaster ride with fluctuating prices. With interest rates going up and down, and home prices shifting every few months, how do you know when it’s the right time to buy? Whether you’re looking to buy your first home or upgrade your current one, it’s important to understand how to approach the market when prices are unpredictable. In…
Homebuyers in Metro Vancouver are sitting on the sidelines despite market conditions tipping in their favour, according to the latest data from the Greater Vancouver Realtors (GVR). Residential home sales in March 2025 totalled just 2,091—down 13.4 per cent from March 2024 and 36.8 per cent below the 10-year seasonal average. It marked the slowest March for sales since 2019. Active listings climbing to highest levels seen in a decade At the same time, active listings reached levels not seen in nearly a decade. New listings for detached, attached and apartment properties were up 29 per cent year-over-year…
The Greater Edmonton Area real estate market showed some cautious, positive signs in the start of 2025. Residential MarketAccording to the RealtorsⓇ Association of Edmonton, residential sales overall had a 14.3% increase from January 2025, although the figure remains 7.1% lower than in February 2024. Notably, properties across all segments sold at faster rates in February; the RAE recommends being prepared for quick decisions.New residential listings increased by 13.2% month-over-month; however, there was little change compared to the previous year. Overall inventory experienced an 11.4% rise from January, although it is still 13.4% lower than February 2024. Source: RealtorsⓇ Association of EdmontonThe…
[Editor’s Note: This article will continue to be updated as Thind Properties’ various insolvency proceedings progress. Last update: April 4, 2025.]Over the last two or so years, Metro Vancouver (and beyond) has seen many real estate developers become insolvent, but most of those were relatively inexperienced developers and the scale of the financial troubles were proportionally limited. That is, perhaps, why the insolvency of Thind Properties has drawn so much attention. Founded over 20 years ago by Daljit Thind, Thind Properties has completed over 1,200 homes and has more than 1,800 units still in its pipeline. The latter number, relative…
Canada’s job market entered choppy waters last month, and the impact from tariffs have yet to be felt. Statistics Canada (Stat Can) data shows employment fell in March, with job losses concentrated in private sector employment. Unemployment has already been tracking significantly higher than pre-2020. However, fewer jobs and more people experiencing long-term unemployment boosted the rate even higher, reversing minor progress in recent months. Canadian Employment Slipped Last Month, Entirely Private Sector Canadian employment pulled back last month. Employment fell by 33k jobs (-0.2%) to 20.96 million in March. The decline was almost entirely due to private sector job…