Author: homegoal.ca
Canada’s housing market faces an uncertain future in 2025 as shifting geopolitical and economic conditions create an unpredictable landscape, according to the latest Housing Market Outlook from the Canada Mortgage and Housing Corporation (CMHC). The report highlights key risks, including potential U.S. trade tariffs and reduced immigration targets, both of which could slow economic growth and influence housing demand in unexpected ways. Despite these uncertainties, CMHC projects a modest economic recovery beginning in 2026, with housing sales and prices expected to rebound as lower mortgage rates and policy changes unlock pent-up demand. Geopolitical and economic pressures cloud the forecast…
A shifting Toronto real estate market saw suburban office space achieve its first annual net absorption gain since 2019, while downtown vacancy rates climbed despite stable rents, according to recent reports from the CBRE. Meanwhile, industrial properties faced increased availability due to record-high new supply, softening lease rates but sustaining strong absorption. GTA Suburban Office Market The Greater Toronto Area’s suburban office market experienced a notable milestone in 2024, recording its first full year of positive net absorption since 2019. While the overall vacancy rate remained stable at 20.7% compared to Q3 2024, the market showed signs of gradual improvement.…
The average national asking rent continued to decline in the new year, according to the latest National Rent Report from Rentals.ca and Urbanation, with Ontario leading the charge. January marks the fourth consecutive month of this trend after rents began to fall for the first time since 2021 in October, before reaching a 17-month low in December. Compared to December, January saw the national average inch down from $2,109 per month to $2,100 per month, but on an annual basis, rent was down $96, marking a 4.4% year-over-year decline and an 18-month low.While the trend doesn’t bode well for investors,…
When moving to a new home, it’s easy to get caught up in the excitement of the change and forget to take care of essential tasks. Amidst the hustle of packing, organizing, and settling into your new space, one essential task you shouldn’t overlook is notifying the relevant people and organizations about your change of address. Planning ahead and ensuring you’ve informed everyone properly will help you avoid any disruptions in communication and services. The Canada Mortgage and Housing Corporation (CMHC) provides a helpful list of key individuals and services you should notify when moving. Here’s a guide to help…
designed by freepik Are you torn between buying or renting a luxury home in Vancouver? With its stunning views, top-notch amenities, and vibrant lifestyle, Vancouver luxury real estate is a dream for many. But should you buy your luxury property, or is renting the better choice for you? Both options come with their own set of benefits and challenges. Whether you’re looking for long-term investment or more flexibility, understanding the pros and cons will help you make the right decision. Let’s start to explore Vancouver’s luxury real estate market! Know Buying Vancouver Luxury Homes Buying a home is a long-term…
Metro Vancouver’s housing market is seeing a strong start to 2025, with new listings up nearly 47 per cent year-over-year, according to the latest data from the Greater Vancouver Realtors(GVR). While buyer demand remains steady, the uptick in inventory is keeping price growth in check Listings outpace demand Residential sales in Metro Vancouver totalled 1,552 units in January, an 8.8 per cent increase compared to January 2024. Despite the rise, sales remained 11.3 per cent below the 10-year seasonal average. “In the three months preceding January, we’ve watched buyer demand gain momentum, but it appears that momentum is…
The City of Delta, which sits 25 to 30 km from downtown Vancouver, has announced an agreement with the Government of Canada, securing $14.2 million in funding under the Housing Accelerator Fund (HAF). This investment aims to break down barriers to housing development and speed up the construction process. The agreement includes a plan to fast-track 424 new homes within three years, ultimately enabling the construction of 4,100 homes over the next decade. The federal grant will directly support initiatives designed to remove barriers to housing construction and expedite approvals for essential projects. Building Permit Fee Incentive Program Central to…
Grab a scotch, a G&T, or a martini and sit back. You are either celebrating or commiserating, but either way, with dry January over, the time is right to break open the bottle. The good news is construction costs have dropped off a cliff the past few years. But the bad news: not many people can build anything due to horrific housing economics we have in the Greater Toronto Area. So, is this a glass half full or a glass half empty sort of situation? Does it really matter? It is what it is, and you can only run with…
When it comes to choosing a place to live, one of the key decisions you’ll face is selecting the right floor. Should you choose the elevated tranquility of a higher floor or the convenience and accessibility of a lower one? Each choice comes with its own set of advantages and drawbacks. Ultimately, the decision depends on your personal lifestyle, preferences, and priorities. If you’re torn between the two, we’re here to help! We’ll break down the pros and cons of living on high versus low floors so you can make an informed choice. When living in a condo, the amount…
designed by freepik The luxury real estate market is booming. Vancouver’s global real estate trends are playing a huge role in shaping its future. Have you ever wondered how things happening around the world affect the prices and demand for luxury homes in Vancouver? From international buyers seeking safe investments to economic shifts influencing property values, global trends have a powerful impact on this market. Whether you’re looking to invest or simply curious, understanding these trends will help you navigate Vancouver’s luxury real estate scene. Let’s explore how the world’s changes are influencing this high-demand market! How Global Trends Shape…