Author: homegoal.ca
Falling interest rates, flattening prices and increased household income made housing more affordable for Canadians from the end of 2023 to the middle of this year. However, the bulk of the affordability gains appear to be “rearview mirror,” according to a new report by RBC assistant chief economist Robert Hogue. “Further advancement becomes more challenging once interest rates reach a stable plateau as it depends exclusively on home price movements and household income trends,” reads the report. “Substantial price declines or robust increasing income would be necessary to drive more meaningful gains.” Hogue anticipates broadly stable pricing across Canada over…
Elysium Investments has filed plans for a 43- and 41-storey residential development within walking distance of the Mount Dennis station on the forthcoming Eglinton Crosstown LRT. The plans call for two towers containing 851 rental units and a 2,152-sq.-ft Privately Owned Publicly Accessible Space (POPS) located onsite.The Zoning By-law Amendment application was filed by Elysium in early September and is currently pending the City of Toronto’s review. If approved, the new apartment complex would replace the 17 detached and semi-detached homes that currently occupy the York development site.Located at 70-104 Brownville Avenue, the roughly 40,192-sq.-ft site sits directly east of…
Toronto real estate may have to accept that its pre-pandemic premium is gone. TRREB data shows composite home prices fell further in September, with losses accelerating. A mild uptick in sales was overshadowed by inventory surging to a record high. The demand balance is weaker than during the 90s crash, the region’s last major correction. Toronto Real Estate Prices Down 25%, Recent Losses Widening Greater Toronto real estate prices: CREA composite benchmark. Source: CREA; TRREB; Better Dwelling. Greater Toronto real estate prices fell again in September, extending recent losses. The benchmark price dropped 0.7% (-$6,700) to $963,000—down 5.5% (-$55,128) from…
If the perfect pumpkin is what you’re after this Halloween, the kind that’s just the right size and flawlessly orange for baking sweet treats or decorating your home, you’re in luck. As the crisp autumn air settles and the leaves turn golden, we’ve compiled a list of the best GTA pumpkin patches to visit with friends and family for a day of classic fall fun. Nestled between the towns of Caledon East and Inglewood, Dixie Orchards offers pumpkin picking and so much more. With 8 acres of land dedicated solely to pumpkins, you’re sure to find the one that’s just…
Location: 1471 Rogerswood Court, MississaugaList price: $4,850,000Size: 4,034 square feetRooms: 4 bedrooms, 5 bathroomsSpecial features: A custom-built kitchen with Caesarstone countertops, your own private gym with a sauna and steam shower, a saltwater pool with a waterfall, and subterranean car lifts in the garage for extra vehicle storage. Discreetly set on a quiet court in Lorne Park, one of Mississauga’s most desirable neighbourhoods, this home combines the sophistication of a private retreat with the warmth of a family residence. At 1471 Rogerswood Court, every detail has been carefully considered, from its striking limestone exterior and professionally landscaped grounds, to the…
In Toronto, traffic congestion is doing more than fraying tempers. Industry experts say the mounting congestion is weighing on homebuyers, raising questions about the city’s liveability, and even straining the work of real estate agents. Realtor Steve Fudge with brokerage Bosley Real Estate said that clients are now paying much more attention to where they work when deciding where to buy a home, whereas before it was less of a concern because commutes were quicker. Now that offices are calling workers back in after years of working from home, commute times are a big factor when deciding where to buy…
In a real estate landscape where choice is often limited and transparency is all too rare, Hyyve is rewriting the rules — and making the process work better for everyone involved.Fresh off its recent launch, the Toronto-based platform is quickly gaining traction for the way it empowers sellers, attracts serious buyers, and gives agents a more direct, performance-based path to listings. But what’s perhaps most striking about Hyyve is how effectively it balances the needs of all key players in a real estate transaction — sellers, buyers, and agents — in one unified experience. For Sellers: Options, Insight, and a…
Calgary home sales fell short of new listings in September, pushing inventory higher and shifting the market toward buyers. The city recorded 1,720 sales against 3,782 new listings, driving inventory to 6,916 units — 36 per cent higher than a year ago and more than 17 per cent above typical September levels, according to the Calgary Real Estate Board (CREB). Row and apartment-style homes led the increase in supply. Supply growth outpaces demand Ann-Marie Lurie, CREB chief economist, said supply has been climbing across resale, new home and rental markets at the same time demand is slowing.…
Framed by a serene pond and the timeless landscapes of the Rouge Valley, the Townhomes of Little Rouge (“Little Rouge”) bring tranquility and beauty right to your doorstep. Coming soon to Donald Cousens Parkway and Ninth Line, the Townhomes of Little Rouge by Camcos Living combine modern architecture, spacious layouts, and premium lifestyle features. For homeowners seeking both the serenity of nature and the convenience of city living, this Markham community is uniquely positioned to deliver the best of both worlds. Camcos LivingWhere Urban Meets NatureSpread across 147 residences, the community offers a curated mix of back-to-back and traditional townhomes.…
Canada’s central bank cut interest rates to support a weakening economy, but admits it may not help. The Bank of Canada (BoC) lowered its overnight rate by 25 basis points to 2.5%, but its own internal meeting notes reveal uncertainty about the decision. In its Summary of Deliberations, the BoC acknowledges it’s downplaying inflation risks to focus on growth—even while admitting monetary policy is the wrong tool for the structural damage underway. Rate Cut Justified By Weakness, Not Inflation Progress The BoC cut the overnight rate with the official rationale being economic support, as inflation has eased. They specifically cite…