Author: homegoal.ca
designed by freepik The Toronto real estate market has been facing a major challenge for years: the affordability crisis. Many people looking to buy or rent homes are struggling to keep up with soaring prices. As we move into 2025, many are asking: will there be relief from the Toronto housing crisis? In this article, we’ll explore the current situation and the possible future of the Toronto housing market. The Toronto Housing Crisis: What’s Happening? Toronto, Canada’s largest city, has always been a hotspot for real estate. However, in recent years, the cost of homes has skyrocketed, leaving many people…
If you’re a homeowner in Canada, you may or may not be aware of the multitude of municipal laws related to what you can and can’t do on your property. In fact, if you’ve done any research on the subject – unless you’ve scoped out your local municipality’s website or visited a government office in person – you’ve likely come across many more myths than facts. If you’re new to home ownership and find yourself wondering: “Is it illegal to paint your garage door purple?” “Is it illegal to paint a wooden ladder in Alberta?” or whether you’ll be forever…
December sales dip, while year-end figures show resilience As 2024 came to an end, Canada’s housing market followed its typical seasonal trend, slowing in December after an active fall, according to the latest market report from the Canadian Real Estate Association (CREA). While sales activity dipped slightly, the market showed significant strength in the final quarter of the year. December sales cool but stay above mid-year levels Home sales activity in December 2024 fell by 5.8% compared to November. Despite this dip, sales were still 13% higher than in May, before the Bank of Canada’s first interest rate cut in…
Calgary’s housing market will likely maintain its momentum through 2025, with sales expected 20 per ent above long-term trends, according to the Calgary Real Estate Board’s (CREB) annual forecast. While population growth and easing lending rates are expected to fuel demand, an influx of new supply will bring balance and temper price growth. “While the market is expected to be more balanced than in recent years, significant economic risks—such as potential tariffs—could impact activity,” says CREB’s Chief Economist Ann-Marie Lurie These risks will be crucial to watch as we navigate through 2025.” Sales stable Similar to 2024, CREB…
We’re days away from another Bank of Canada interest rate announcement — the first of eight scheduled for 2025 — and though economists were pretty much set on a 25 basis-point cut before breaking for the holidays in December, the economic climate has been turbulent enough to spur a fresh wave of speculation.The variable that’s on everyone’s lips is (recently re-minted) US President Trump’s continued threat of a 25% tariff on all Canadian (and Mexican) goods, which could go into effect as soon as February 1st. Beyond the tariff uncertainty that looms, there’s also the mixed bag of economic indicators…
Rising costs for essentials like groceries and childcare and a growing number of Canadians renting their homes have made the once-reliable 30% rule for housing expenses a challenging goal. To add perspective, Fidelity, an Investment Canada firm, emphasizes a financial stability guideline that allocates 50% of income to necessities, 15% to retirement savings, and 5% to short-term goals—creating a framework for managing today’s financial pressures. However, if you and your significant other aim to spend 30% of your income on renting a two-bedroom apartment, what should your salary look like to make that work? And more importantly, can you balance…
designed by freepik The issue of Canadian housing affordability has been a big concern for many years. More and more Canadians are finding it hard to afford a home. As the housing crisis in Canada continues, the government is stepping in with new policies to help solve the problem. Let’s take a look at these new government housing policies in Canada and how they aim to make homes more affordable for everyone. Why Canada’s Housing Affordability Matters? If you’ve noticed housing prices in Canada 2025 are rising faster than many people’s salaries, you’re not alone. In big cities like Toronto,…
The Best Places to Retire in Canada, by Province Ontario British Columbia Atlantic Canada The Prairies As the tail-end of the Baby Boomer generation (and Gen Xers after them) approach their retirement years, the question of the best places to retire in Canada is an inevitable dinner-table topic of conversation. On the one hand, the appeal of “aging in place” is clear: allowing retirees to stay in a home and neighbourhood they know and love, close to family, friends and frequented places. However, the reality is that a large house is no longer needed or even wanted by many aging…
Tiles are the unsung heroes of home design, combining durability with style to transform any room. Whether you’re dreaming of a stunning kitchen backsplash, giving your bathroom a facelift, or refreshing your laundry room, choosing the right tile can make all the difference. This guide will help you choose the perfect tile for any space. Choosing the right tile for each room Not all tiles are made equally. Selecting the right tile heavily depends on room usage, moisture levels, and design goals, among other factors. Here’s how to choose the right tile for each space in your home. Bathroom tiles…
Every month, REM is committed to sharing Realtor moves, brokerage conversions and other notable announcements from the industry. Send your news to editor@realestatemagazine.ca with the subject line “The Real Deal” by the 26th of every month to be considered. Unedited photos are also welcome; please ensure they don’t include branding or other graphics. Industry moves Royal LePage celebrates new addition In brokerage news, Royal LePage welcomed its newest addition, Royal LePage Hometown Real Estate, in Alberta. Led by Jean-Luc and Shaylie Lamoureux, the team specializes in residential, recreational, farm, and commercial properties across St. Paul, Elk Point, Bonnyville,…