Author: homegoal.ca
Have you been waiting to buy a home? You aren’t alone – the last 5 years of economic uncertainty have caused more than a few people to pause their home search…but at what cost? The decision to buy a home is deeply personal, influenced by various factors beyond dollars and cents. While nobody has a crystal ball to predict real estate prices or interest rates with certainty, we created this Waiting to Buy Calculator to help illustrate the financial impact of waiting. The results might surprise you – often revealing that the “cost of waiting” exceeds the temporary benefits of…
The 25 basis point cut marks the seventh consecutive time Canada’s central bank has dropped rates On March 12th, the Bank of Canada announced that it had lowered the target for the overnight lending rate by 25 basis points to 2.75%. This marks the seventh consecutive decrease to rates since June 2024. In its announcement, the Bank acknowledged that the Canadian economy had started the year on good footing. Now, with a trade war underway with the United States, the country is expected to see slower economic activity and increasing inflationary pressures in the months ahead, justifying the central bank’s…
The impact of U.S. tariffs and chaotic back-and-forth threats are rippling through housing markets across Canada, and the uncertainty isn’t likely to fade anytime soon. Robert Hogue, assistant chief economist at RBC, dissected February data from local boards and says the mere threat of a trade war has dampened confidence, sidelined buyers and put downward pressure on prices. And if tensions escalate further, the effects could become even more pronounced. Housing market stumbles in February The economist explains in his monthly report, “Any signs of market optimism that emerged in January (mostly from sellers) quickly vanished in February”…
In what is likely a sign that the office market in Vancouver will still be murky for some time, Vancouver-based real estate developer Rize Alliance has decided to move on from The Grid, an office project it has been planning for several years. The Grid was set for 306 Terminal Avenue in Vancouver, one block east from Main Street and the Expo Line SkyTrain’s Main Street-Science World Station. The site spans 29,367 sq. ft, about half of which is currently occupied by a standalone Tim Hortons, while the other half remains vacant. Rize Alliance acquired the property for a reported…
Have you ever had one of those mornings where you wake up late, rush through your routine, and feel like you’re already behind before the day even begins? Maybe you skip breakfast, miss an important meeting, or struggle to focus at work. We’ve all been there. The way you start your morning can significantly influence how the rest of your day unfolds. Establishing a routine that sets a positive and productive tone can help you approach your tasks with focus, energy, and enthusiasm. By incorporating small but impactful habits into your morning, you can set yourself up for success every…
For the fifth consecutive month, average asking rents in Canada have dropped year-over-year, hitting their lowest level since July 2023. According to the latest Rentals.ca and Urbanation report, February saw a 4.8 per cent decline in rents compared to the previous year, bringing the national average to $2,088. “Rents in Canada are softening as supply is outweighing demand,” said Shaun Hildebrand, president of Urbanation. “Apartment completions are currently running at record highs, while at the same time, population growth has slowed and the economy faces heightened risks due to a potential trade war with the U.S. Expect rents to continue…
British Columbia’s real estate market in Q4 2024 exhibited varied trends across residential, industrial, and office sectors. Residential sales and prices showed notable increases, while industrial and office markets experienced shifts in vacancy rates and new supply. Residential Summary for Q4 2024 An Edge Realty Analytics report indicates some notable trends in the residential market for British Columbia during this quarter. Sales Residential sales in British Columbia increased by 11.5% quarter-over-quarter and by 24.6% year-over-year, reflecting robust buyer demand in the province. Listings New listings declined by 1.8% from Q3 2024, although they registered a 6.8% increase on a year-over-year…
Mark Carney and Pierre Poilievre may not align on everything, but it seems they’re on the same page when it comes to the capital gains tax increase, which was introduced by the Liberals in April 2024 and would see the inclusion rate increased from 50% to 66.7%. For individuals, the higher inclusion rate would apply to gains over $250,000. Carney, who was elected Liberal Party leader and Prime Minister of Canada on Sunday, touched on the increase in his acceptance speech, saying that his government will “immediately” scrap the change because “builders should be incentivized for taking risks and rewarded…
Canada’s last job report didn’t have a frenzy of good news, but there was one highlight—wage growth. That was the take from BMO Capital Markets, who wrote to investors this morning about the substantial wage growth in February. Even with inflation set to rise and erode some of that growth, workers saw their weekly pay rise much faster than usual. Canadian Wages Are Still Showing Strong Growth Canadian wages showed surprising growth despite a slowing economy and trade war threats. “The February employment result was a damp squib in Canada, with jobs about flat and aggregate hours worked [last month]…
In the fast-paced world of home design, trends come and go, but there’s one that’s creating a lasting impact on how we experience the spaces we live in: dopamine decor. But what exactly is dopamine decor, and why is it becoming such a sought-after style in real estate? What is Dopamine Decor? Dopamine decor refers to a design trend that centers around creating spaces that stimulate happiness and joy, much like the way dopamine, a neurotransmitter in our brain, functions. Dopamine is often called the “feel-good” chemical, responsible for feelings of pleasure and satisfaction. When it comes to interior design,…