Author: homegoal.ca
Though economic anxieties may temper buyer demand, home prices in recreational regions are forecast to rise 4% this year With warmer weather on the way, it won’t be long before Canadians swap snowshoes for flip-flops and backyard views for lakeside escapes. While some buyers may be hesitant to invest in their dream cottage or cabin this year due to ongoing political and economic uncertainty, others are ready to dive in – pushing up recreational property prices across the again. According to the recently-released Royal LePage® 2025 Spring Recreational Property Report, the median price of a single-family home in Canada’s recreational…
In a shift that could reshape Canada’s housing market, the Office of the Superintendent of Financial Institutions (OSFI) is considering replacing the controversial mortgage stress test with a new portfolio-level approach to risk management. This potential change marks a fundamental transformation in how Canada regulates mortgage lending, moving from individual borrower qualification to institutional portfolio management. Source: Valery.ca In retrospect, while the stress test appears to have achieved its initial objective of protecting Canada’s financial system during the period of low interest rates, the current economic landscape presents new challenges. With emerging inflationary pressures from potential trade wars…
Domestic tourism is expected to be on the rise this summer, so more cabin owners are curious about the potential income their properties could generate. Recent data indicate that searches for domestic stays have risen by nearly 20% this spring, as more Canadians opt to explore hidden gems and beloved nearby destinations. Many are planning to rediscover the charm and convenience of summer cabins offering rustic retreats. For cabin owners, there are several factors to consider when assessing their potential rental income. Market Demand Evaluating the rental potential of Canadian summer cabins begins with gauging local demand. Domestic travel in…
The controversial Vancouver Housing Development Office (VHDO) created by the City of Vancouver to better generate revenue from the City’s land holdings has unveiled a second project, planned for a long vacant site near Science World. The subject site of the rezoning application, which was published by the City earlier today, is 1405 Main Street and 1510 Quebec Street, two parcels that make up the block bounded by Terminal Avenue on the north, Main Street on the east, a rear lane on the south, and Quebec Street on the west.The site, located directly across the street from the Expo Line…
Canadian households are anxious about the economy, despite the parade of above-normal expectations. The Conference Board’s Consumer Confidence Index plunged to a new record low in March. Economists at BMO wrote to investors explaining its no surprise with the trade war compounding cost of living pains. They also don’t see any improvements on the horizon. Canadian Consumer Confidence Plunges To A Record Low Canadian households have never felt more uncertain about the economy, a remarkable accomplishment considering recent global events in the past decade. The Consumer Confidence Index fell 8.4 points to 44.2% in March, following a 12-point drop in…
When it comes to real estate investments, condos are often seen as a more affordable and flexible option. But just because you’re living in a condo doesn’t mean you can’t increase its value over time. With some strategic upgrades, you can make your space more appealing and potentially increase its resale value. If you’re preparing for a sale, here are some of the simple condo upgrades you can implement to boost your property’s value. Beyond personal enjoyment, well-chosen upgrades can attract higher offers when it comes time to sell. In a competitive market, you’ll want your property to stand out…
(Canva) QUICK HITS The Ontario Superior Court of Justice dismissed a motion by Ojohome Canada Ltd. seeking to restore its access to MLS data feeds from TRREB and CREA. The court found that the brokerage, which operated a referral-based business model, failed to meet the high legal threshold for a mandatory interlocutory injunction and did not demonstrate irreparable harm. As a result, Ojohome remains without access to the majority of GTA listings while the broader dispute continues through regular legal proceedings. In Ojohome Canada Ltd. v. The Canadian Real Estate Association, the Ontario Superior Court of Justice dismissed…
As Canada’s housing market continues to evolve, pre‑construction has emerged as a dynamic niche offering fresh opportunities. In 2025, shifting buyer demographics, regional real estate dynamics, and innovative tech solutions are redefining pre‑construction trends. There are several factors driving the pre‑construction market in Canada, leading to varying trends, from rising activity in secondary and tertiary markets to shifts towards more end-user purchases, and others. Saath Bas, CEO of Buildify, a platform that provides real-time data on pre-construction development in Canada, offers an in-depth look at some of the trends his platform has observed, shedding light on the evolving environment of…
Earlier this month, Taza Development Corp announced that it had selected three builders for its 470-acre Taza Park project in Calgary, the latest milestone for what is one of the largest Indigenous-led real estate development projects in all of North America.Taza Park is one of the three “villages” within Taza, a project planned for 1,200 acres of land on the south side of Glenmore Trail and down Tsuut’ina Trail, approximately 10 minutes away from downtown Calgary.The roots of the project trace back to November 2013, when the Tsuut’ina Nation voted in favour of selling 1,058 acres of its land to…
One of Canada’s largest banks is sounding the alarm on excessive easing at the wrong time. The Bank of Canada (BoC) slashed its key policy rate earlier this month, despite warning of rising inflation approaching its tolerance. A new report from Scotiabank outlines how the central bank has been disregarding rising inflation data, and rushing to stimulate demand. They warn the BoC isn’t just abandoning its mandate, but also squandering its primary resource to respond to tariffs and rising inflation. The move isn’t just a reckless approach but risks amplifying a downturn. Bank of Canada Now Limited In Its Ability…