Author: homegoal.ca

Canada’s central bank reiterated its wait-and-see approach to interest rates. The Bank of Canada (BoC) announced it will hold the overnight rate at 2.75% at its meeting this morning. This marks the third consecutive meeting without a change, driven by BoC officials focusing on short-term uncertainty. The BoC emphasized persistently elevated inflation, with trade uncertainty potentially providing a short-term boost to the numbers.   BoC Was The Most Aggressive G10 Central Bank, Pause Expected  The BoC has been aggressively slashing rates since June 2024, trimming 225 basis points (bps) by last March. Convention holds a standard-sized rate cut is 25 bps,…

In a widely anticipated announcement, the Bank of Canada decided to hold the overnight lending rate at 2.75% today. This marks the third consecutive rate hold of the year, with the BoC last lowering rates in March 2025.  A Reuters poll of economists correctly predicted that today’s announcement would be a rate hold, citing a recent rise in inflation and a fall in unemployment as key reasons. The good news? The same poll also expects two more rate cuts to come later this year.  If Reuters is correct and two more rate cuts are announced in 2025, then the fall…

A decade after they completed the Marine Gateway mixed-use hub, Vancouver-based PCI Developments is now ready to move forward with the sequel: Marine Gateway 2. Located directly adjacent to, and integrated with, the Canada Line SkyTrain’s Marine Drive Station, Marine Gateway is bounded by SW Marine Drive on the north, Yukon Street on the east, the Marine Drive Station bus loop on the south, and Cambie Street on the west. The mixed-use complex is home to a 36-storey residential tower, a 27-storey residential tower, and a 14-storey office tower all above 260,000 sq. ft of retail space and public space.Marine…

Congratulations! You’ve unlocked the door to your new home—and that’s no small feat. Whether you’re a first-time buyer or moving into your forever home, it’s a major milestone. And the best way to make it feel real? Invite your people over and throw a party to remember. Here are some creative, on-trend housewarming party ideas that go beyond the usual chips-and-salsa setup. From nostalgic Y2K themes to laid-back neighborhood hangs, we’ve got your inspiration covered. Coastal Chic Dinner Party – The Summer I Bought a House Inspired by shows like The Summer I Turned Pretty and TikTok’s “coastal grandmother” meets…

The percentage of Greater Toronto Hamilton Area (GTHA) landlords offering incentives continued to tick up in the second quarter, nearly doubling the amount offering incentives a year ago. From free months of rent to straight cash, Urbanation’s Q2-2025 rental market report finds more and more landlords are getting creative about filling units. 65% of GTHA landlords were offering incentives last quarter, up from 36% in Q2-2024. This follows similar findings from Q1 where the percentage of buildings offering incentives had more than doubled, from 31% in Q1-2024 to 63%. Across the GTHA, 39% of buildings were offering up to 1.5…

Greater Toronto real estate demand continues to collapse and new homes are not immune. BILD and Altus Group data reveals new home prices climbed in June, with both single-family homes and condo apartments seeing an increase. The move was somewhat unusual considering it was the weakest sales on record for the month, combined with the highest level of inventory.  Greater Toronto New Home Prices Climb Despite Soft Demand Source: Altus Group.  Toronto new home prices are diverging by segment. A typical single-family home—including detached, semi, and row homes—saw the benchmark price climb 0.3% to $1.51 million in June, but remains…

So you’re wondering what’s actually happening in the real estate market around St. John’s these days? Great. You’ve come to the right place—and I promise not to hit you with a wall of boring stats or a “2025 housing outlook” that reads like it was written by a chatbot with a mortgage. This is the real deal. Whether you’re a curious homeowner, a late-night scrollaholic who’s peeked at Zoocasa.com more than once this week, or someone packing for Alberta because you think the local market’s hopeless… breathe. This one’s for you. Let’s break down what’s really happened in the last…

Interest rates can shape the financial lives of Canadians in powerful ways. Whether it’s the monthly cost of a mortgage or the return on a savings account, most interest rates can be traced back to one key figure: the Bank of Canada’s overnight lending rate. In recent years, this benchmark has moved beyond financial circles and become a more frequent topic in everyday conversations. The overnight rate is more than just a policy tool. It’s central to how the Bank of Canada manages the country’s economic stability, keeps inflation in check, and supports sustainable growth. Understanding how it works –…

This week — Wednesday, July 30 — brings another Bank of Canada (BoC) interest rate decision and, as has been the case in months past, trade talk is fully interlaced into the overall rate discussion. Canada is now looking at a 35% tariff on all Canadian imports into the US after August 1 — on non-CUSMA-compliant exports. Meanwhile, leading up to this week’s decision, we have the new data releases to think about that will play into Governing Council’s announcement. That includes the latest labour market numbers — which showed employment declining by 83,000, the unemployment rate falling to 6.9%…

After a slow start two years ago, Vancouver’s multiplex is proving to be a sleeper hit with the housing industry.The multiplex, as it’s known, is a four- or six-plex unit building that is poised to replace the single-family detached house after a sweeping zoning change aimed at increasing density.Since the prezoning of most areas with detached houses in 2023, Robert Veerman, commercial broker with CBRE, has been specializing in multiplex property sales for his developer clients. And last year, after initial skepticism from the industry, the housing type took off.By the end of 2024, property purchases intended for redevelopment into…