Author: homegoal.ca

The following is based on a conversation recorded on The Leads Are Sh*t podcast. Click here to watch the full interview. When the real estate world crashed in 2007, Ray Ellen was just getting started. Six months in, listings dried up overnight. He remembers driving past empty fields that already had streets and curbs poured, ghost subdivisions that never made it past the blueprint. Sellers were showing up to closings in tears. Buyers were grinning ear to ear. Title companies started splitting closings so no one had to sit across from each other. Most agents working today have never lived…

The Bank of Canada (BoC) cut its overnight rate by 25 basis points to 2.25% this morning, citing weak investment and falling demand. It also reminded Canadians that monetary policy is meant to keep inflation low and stable—then promptly put that on the sideburner. The BoC warned that monetary policy won’t fix the current headwinds, but expects economic erosion to control inflation. Apparently, the inflation mandate has been outsourced to economic devastation, and a resilient economy means life is about to get much more expensive. Bank of Canada Says Lower Rates Won’t Address Current Economic Issues, Cuts Anyway  The central…

Today, the Bank of Canada lowered its overnight lending rate for the fourth time this year, bringing the rate down by 25 basis points to 2.25%. Hotter-than-expected inflation data and trade uncertainties contributed to the Bank’s decision.  Since January, the overnight lending rate has dropped by a total of 100 basis points. However, some economists suggest we are nearing the end of the Bank’s rate-cutting cycle. How will that impact the housing market going forward?  The Bank of Canada will likely hold the overnight lending rate around 2.25% for much of 2026, according to forecasts from some of Canada’s largest…

The Bank of Canada delivered another 25 basis point cut to the key lending rate Today, the Bank of Canada announced that it has cut the overnight lending rate yet again by 25 basis points to 2.25%. This is the second consecutive rate cut the Bank has made this fall, and the third cut this year. Though the global economy has held up surprisingly well against the surge in tariffs from the United States, the effects are starting to show, according to the Bank. Trade patterns are shifting, and uncertainty around ongoing tensions is discouraging investment in many countries. In…

Each Wednesday, Real Estate Magazine shares insights, experiences and advice from top-performing agents across Canada. If you’d like to contribute or nominate a colleague or team, send us an email. At just 29 years old, sales representative Jeremie Fontaine has already reached impressive milestones in his seven-year career with EXIT Realty Associates in Dieppe, NB.  For the fifth consecutive time in his real estate career, Fontaine recently attained EXIT Realty Corp. International’s Top Lister in North America award. Fontaine was also inducted into the company’s Emerald Circle, recognizing his accumulation of 750 deals in his tenure with the brand, as…

Toronto’s Roy St. John, a longtime figure in Canadian real estate, has died at age 77. He passed away of natural causes on Oct. 17. He and his wife lived in Barrie for the last two years. St. John, who forged a path in real estate as a trainer before venturing into entrepreneurship, “will be remembered by thousands of agents across Canada for his leadership and his professionalism to our industry,” said his longtime business partner Jamie Johnston. When the pair met 40 years ago, St. John was the national trainer for Royal LePage.  “I was trying to hire a…

Canada’s private-sector business environment is worse than headline data suggests. Statistics Canada (StatCan) data shows active businesses were little changed in July, but a closer look reveals the economy has seen big changes. Active business growth is increasingly concentrated in sectors dependent on public spending. The headline data has obscured reality, masking a sharp erosion in the broader business environment.  Canadian Business Growth Flat—Until Public Spending Is Excluded Canadian businesses showed relatively flat movement in the latest data. There were ~938,500 active businesses in July, virtually flat from a month prior and a year before. The opening and closing rate…

The following is a joint statement released on Oct. 27 by members of Ontario’s housing sector, including the Toronto Regional Real Estate Board (TRREB) and Ontario Real Estate Association (OREA). Ontario is facing a housing emergency. Projects are stalling, builders are cancelling developments and families and individuals are being priced out of the market. As the provincial and federal governments prepare to release their fall economic statement and budget respectively, our message is urgent: bold, coordinated action is needed to boost housing construction, lower costs and bring affordability back within reach for residents. Housing is more than just shelter; it’s…

When it comes to moving, most people think paying movers will cost thousands and thousands of dollars. With the Moving Help® Marketplace, you can find affordable, reliable labor-only movers in Canada for a fraction of the cost of full-service movers.  Moving labor costs don’t have to be expensive. The average cost for two helpers for two hours for loading or unloading across Canada is $254 CAD.  Now, let’s take a closer look at Canada and some of the country’s larger cities for moving labor costs. Moving Labor Costs in Canada We’ve already discussed the average moving labor costs in Canada. What…

Many Canadians rely on their home as the cornerstone of their personal wealth, but as much as Millennials and Gen Z may want to start building equity, for many, the dream of homeownership is still painfully out of reach.   The Re/Max Housing Market Drivers Report released this week examines nine major Canadian urban centres over 30 years, with triple-digit price appreciation reported from 1994 to 2024. The report found population growth, along with policy levers and market events, have long been pillars of the Canadian housing market, creating periods of extended growth and contractions in the country’s largest cities.  Halifax…