Author: homegoal.ca
Across Canada’s major metropolitan areas, housing construction is showing a clear split between homeowner-oriented projects, including single-family homes and condos, and purpose-built rentals. Construction on the first group is dropping to levels not seen since the Financial Crisis, while the latter is experiencing a surge of new activity. This divergence is reshaping the supply outlook for both ownership and rental markets, with very different implications for future resale inventory, rental vacancies, and overall housing balance. National Divergence in Construction Activity On a national level, the shift is striking. Over the past year, purpose-built rental starts reached 102,000 units, which is…
It’s no secret that the real estate industry has been historically slow to change with the times. But, with today’s evolving end-user expectations, change is inevitable. This is even more true when it comes to the modern tenant experience – especially in our current purpose-built rental boom. But on the flip side, there’s still something significant to be said about good old-fashioned customer service (and real human connection). This is why Holt Meadow Group fuses an accessible human touch with the best in contemporary technology, for a harmonious approach to property management. It’s a style that complements today’s modern daily…
Slower home construction, rising interest rates, higher home prices, and stagnant wage growth have created challenging conditions for the average American homeowner. As a result, fewer Americans can attain affordable housing. As defined by the U.S. Department of Housing and Urban Development (HUD), housing is considered affordable if an occupant spends no more than 30% of their income on housing costs. But a large percentage of Americans are overspending. A recent Zoocasa survey of over 1,000 American renters and homeowners found that over one in three respondents (39.7%) are spending over 30% of their household income on housing costs, including…
Don’t miss out—join us online for REM’s monthly market breakdown on Oct. 28 at 2 PM ET. REM, columnist Daniel Foch will analyze CREA’s latest stats, regional variations and what shifting sentiment means for Realtors—register here. September’s housing data for the Greater Toronto Area released by the Toronto Regional Real Estate Board (TRREB) carried headlines that seemed to suggest improvement. Sales were up 8.5 per cent compared with a year earlier, and the Bank of Canada’s September rate cut provided a modest lift to affordability. More households stepped back into the market as mortgage payments inched closer to reach,…
Canada’s commercial real estate market is sending mixed signals in 2025, with some asset classes surging while others retreat. CBRE’s Canadian Investment Overview for Q2 2025, released in September, shows that total investment volumes continue to hold steady above the $10 billion mark for the third consecutive quarter. However, while overall investment volumes remain steady, the performance across individual asset classes is far from uniform. Quarterly and yearly percentage changes highlight which sectors are attracting capital and which are experiencing a pullback. National Investment Overview and Trends Canadian commercial real estate investment totalled $10.5 billion in the second quarter of…
As Toronto continues to make progress on the Gardiner Expressway’s rehabilitation, there is a groundswell of support for retrofitting the under-highway as well—including spaces like the Bentway that transform overlooked infrastructure into vital public space. While transformation of the Gardiner’s understory is a long-term ambition, it’s important to reflect on the concept itself, and where that concept has already found success.Miami’s The Underline is somewhat of a “sister project” to The Bentway, an ongoing effort to reimagine the 10-mile stretch of land beneath the city’s elevated Metrorail into a network of parks, trails, flexible programs, and public spaces.The Bentway takes…
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Canada’s central bank just delivered a speech that made every quant’s skin crawl. Last week, the Bank of Canada (BoC) revealed it’s preparing a major overhaul of how inflation is measured. In prepared remarks, Deputy Governor Rhys Mendes warned that mortgage costs have distorted the Bank’s preferred CPI readings. Now it’s considering whether to scrap mortgage interest—or its preferred measures altogether—in favor of “underlying inflation,” a concept it describes as less of a statistic and more of a feeling… before citing it as the statistic used to justify its latest policy move. Canadian Monetary Policy & Mortgage Finance 101 Before…
After a slower August, the Greater Toronto Area (GTA) housing market regained momentum in September as both buyers and sellers returned to the market. Across all TRREB regions, 5,592 homes were sold, representing a 7.3% month-over-month increase and an 8.5% year-over-year increase. The improvement in sales reflects renewed confidence among buyers who had been waiting out the quieter summer months. Sellers also re-entered the market in greater numbers. New listings surged 37.2% from August, reaching 19,260 across all TRREB areas in September, providing buyers with more options and helping to maintain balanced conditions across the region. This influx signaled that…
Metro Vancouver’s housing market posted a slight lift in September, as lower interest rates and easing prices encouraged buyers to strike. Greater Vancouver Realtors (GVR) reported 1,875 residential sales last month, a 1.2 per cent increase (23 sales) from the same month last year. Despite the gain, sales remained 20.1 per cent below the region’s 10-year seasonal average of 2,348. The benchmark price for all residential properties was $1.14 million in September, down 3.2 per cent from September 2024, and a 0.7 per cent dip from August. “With another cut to Bank of Canada’s policy rate behind us, and markets…