Author: homegoal.ca
Whether you live north or south of the Canada-United States border, housing affordability is deteriorating. American and Canadian homeowners have both had to grapple with rising inflation, inventory shortages, and increased borrowing costs. But despite these similarities, one economic difference stands out: income. On average, American homeowners earn more than their Canadian counterparts, giving them a relative advantage in terms of housing affordability. As a result, far fewer Canadian cities meet the traditional affordability benchmark where housing costs are less than 30% of household income. In just 20.7% of the Canadian cities we analyzed, average monthly mortgage payments were less…
designed by freepik Each city in Canada has neighborhoods that make people stop and stare. We all know Toronto leads this list when it comes to wealth and luxury living. Some areas in this city are more popular than others. They have beautiful homes, clean streets, and residents who live very well. These wealthy spots didn’t happen by accident. They grew over many years. Smart planning created tree-lined streets. Beautiful homes went up. What makes these affluent neighbourhoods in Toronto special? Each one feels different. Some are quiet family areas. Others are well-known for their busy lives. All share the…
— We take our content seriously. This article was written by a real person at BREL. It’s almost summer and the Toronto real estate market is…well….quiet. We’ve got all the ingredients for a classic buyer’s market – more inventory, longer days on market, price adjustments – yet buyers are still sitting on their hands. What’s going on? Toronto Real Estate: May 2025 Property Type Inventory (Months) Days to Sell Price Change YoY Detached Homes 2.4 months 22 days -1.7% Toronto Condos 7.0 months 32 days -7.3% Overall Toronto 5.1 months 26 days -3.2% Let’s dig into the most telling pieces…
Canada’s central bank keeps the overnight rate at its current level for the second month in a row Today, the Bank of Canada announced that it would hold the target for the overnight lending rate at its current level of 2.75%. This is the second consecutive month that the Bank has chosen not to change interest rates. Though inflation levels have gradually eased and the country recorded stronger-than-expected GDP growth in the first quarter of 2025, trade disruptions with the United States continue to cast doubt over Canada’s future economic performance. The labour market has softened, especially in trade-sensitive sectors,…
Each month, a BCREA leader shares their insights in an exclusive column for Real Estate Magazine. Interested in contributing? Send us an email. Few current Canadian politicians have the credentials of newly-appointed Minister of Housing and Infrastructure Gregor Robertson, as he has now served in all three levels of government. Although he’s been out of the political scene for a few years, with his most recent Liberal MP election victory in B.C.’s Vancouver Fraserview—South Burnaby riding, Robertson is decidedly back on the map. In years past, he served as a Member of the Legislative Assembly for the B.C. NDP…
The Greater Toronto Area’s housing story was pretty much the same in May as it has been so far this spring, characterized by sleepy sales, flatlining prices, and a surplus of inventory — both new and active. All that considered, the Toronto Regional Real Estate Board (TRREB) said in their monthly report, released Wednesday morning, that the market has “experienced an improvement in affordability,” with buyers having an edge. However, with only 6,244 home sales reported, it seems many buyers opted to keep their purchasing plans shelved. May’s sales were down 13.3% compared to the 7,206 sales recorded in May…
Canada’s housing market is cooling, and for the 6 in 10 homeowners nearing the end of their term, that could spell trouble. Prices are down across major regions like Toronto, Vancouver, Fraser Valley, and Kitchener-Waterloo, with Toronto’s MLS Home Price Index falling 4.4% since December and Vancouver down 1.8% year-over-year, as reported by RBC. Even Calgary posted its first annual price drop in five years. As inventory rises and buyers gain leverage, home values are expected to keep sliding. That’s good news for shoppers, but for current owners, it could mean less equity, tougher refinancing, and limited options when renewing…
The search continues for a permanent Ontario Real Estate Association CEO, with a new recruiter now tasked with the job. A job advertisement recently posted by executive search firm Preston Human Capital Group seeks to attract top talent to the role, which provides leadership to the real estate association of more than 100,000 members. “This is a unique opportunity to lead a high-profile association into its next phase of growth and impact,” reads the seven-page job profile. The majority of PHC’s work is in the “social good sector,” which includes nonprofits, charities and social enterprises, according to its website. The…
Real estate has traditionally been a cornerstone of wealth-building strategies; however, it was also typically limited to those with a deep understanding of market dynamics and the skills to manage properties, as well as the funds to purchase properties directly. Today, passive real estate investing offers a compelling alternative for investors who want to gain the benefits of real estate exposure, without the time commitment, effort, and expertise. Andrew McGillivray of McGillivray Capital Partners (MCP) outlines the ways that real estate investors can build wealth passively and easily, and how MCP may be able to help them achieve their investment…
In January, Toronto-based Fiera Real Estate — the real estate subsidiary of Montreal-based Fiera Capital Corporation — announced that it was expanding its footprint in Calgary and acquiring three newly-developed rental buildings in the Quarry Park neighbourhood. All three towers were constructed by Alberta-based developer Remington Development Corporation as part of its deVille development located immediately west of the Quarry Rock Remington YMCA. The development consists of three 13-storey rental towers with a grand total of 333 units. The three towers were completed in 2022 and 2023, according to Fiera. Fiera did not disclose financial details, except that it made…