Author: homegoal.ca

Canadian new home prices have largely resisted a correction, but they may be ready to give in. Statistics Canada’s (StatCan) New Housing Price Index (NHPI) shows an unusually sharp drop in October—the largest since 2009. But the bigger story is buried in the data: a rare shift in the relationship between land and house prices that’s only happened once in the past 50 years. Spoiler: It wasn’t bullish the last time it happened.  Canadian New Home Prices See Biggest Drop Since 2009  Canadian New Housing Price Index. Source: StatCan; Better Dwelling.  Canada’s NHPI marked its seventh straight monthly decline last…

Canadians are anxious about the economic future, but a growing number still have a new home on their 2026 wishlist. According to Re/Max Canada’s 2026 Housing Market Outlook, 10 per cent of Canadians plan to buy a home in the next 12 months, and half of them are first-time buyers. Re/Max expects home sales will increase by 3.4 per cent next year.  This is in spite of tariffs and a sluggish job market, which have put a damper on consumer sentiment this year. According to the report, which is based on a Leger survey, more than half of Canadians feel…

Transit access has long been one of the biggest drivers of Canadian real estate value, but does that always make sense? Statistics Canada (StatCan) data shows public transit revenues have recovered to 2019 levels, but ridership hasn’t. Most experts dismiss this as a temporary dip that will resolve in the near future. However, what they’re missing is how soaring home prices have destabilized core transit users—just as the country nears the end of a long-wave cycle that could leave this premium misaligned for years. How Access To Transit Influences Canadian Real Estate Values If location, location, location is the biggest…

The federal minimum wage has remained unchanged since 2009, when it was last raised from $6.55 to $7.25. Globally, the U.S. ranks 23rd in terms of its minimum wage purchasing power, falling behind countries like Poland, South Korea, Spain, and Canada.  But while wages have remained stagnant, rent prices have not. As a result, full-time minimum wage earners struggle to afford even basic living expenses. In many cases, workers will overextend their budgets to cover rent, leaving little room for other necessities such as groceries, health insurance, and transportation.  While the Raise the Wage Act of 2025 proposes raising the…

(photo: sourced image of Kelowna)   Developers in British Columbia are offering steep discounts as new inventory keeps stacking up, fuelling competition for buyers who can afford to shop around.  In Kelowna, Mission Group had a one-day flash sale on Saturday on all vacant inventory at its Alma on Abbott development, a boutique lakefront community located in Pandosy Village that was completed in October. Mission Group president Luke Turri said half of Alma’s 87 units – ranging from studios to three-bedrooms – need to be sold. With the discount, one- and two-bedroom units will be roughly $425,000 to $505,000. “We…

Daniel Steinfeld/TRREB   The Toronto Regional Real Estate Board (TRREB) is announcing its newly elected 2026 board members, who will take office on Jan. 1. The incoming members include the following: Directors-at-large, elected for a two-year term Michael McLachlan  Kate Young  Michelle Leong Francis  Charles Park  Director-at-large (one-year term) Frank Farhangi Central regional director (two-year term) Rebecca Kopel North regional director (two-year term) Keith Kwan    Incoming president   The board will be led by Daniel Steinfeld, who was announced as president-elect at the start of 2025.  Steinfeld has served TRREB as director at large, chair of the government relations…

Calgary’s housing market has been showing a great deal of variability this year. By September, citywide conditions had settled into balance, but several neighbourhood clusters kept prices close to last year’s levels, while some others showed modest gains. Calgary’s Split Market By late summer, it became apparent that Calgary wasn’t moving as a single market. The composite benchmark sat at $572,800, down 4.0% year-over-year (y/y), with 6,916 active listings and 4.02 months of supply, suggesting a balanced environment without the declines seen in some other Canadian markets. However, results diverged sharply by housing type. Detached homes slipped just 1% y/y…

Greater Toronto’s new home market took another hit as weak demand met falling-but-still-lofty prices. BILD GTA and Altus Group data show prices slipped in October—but not enough to draw buyers off the sidelines. Sales fell to a record low for the month, while inventory hovered near multi-year highs. The gap between what’s for sale and what’s selling has never been wider.  Greater Toronto New Home Prices Slide To Multi-Year Low   Greater Toronto New Home Prices: Altus Benchmark Price. Source: Altus Group. Greater Toronto new home prices fell again in October. A typical single-family home dropped 0.21% (-$3.0k) to $1.43 million—down…

The holiday season is just around the corner, and the excitement is already building, making it the perfect time to plan a quick winter getaway to experience everything the season has to offer. And what better place to spend the holidays in Canada than Quebec City?  With its cobblestone streets dusted with shimmering snow and historic buildings adorned with twinkling lights, Quebec City is a city truly built for a winter getaway. Here’s how to spend 48 hours in one of the country’s best winter destinations.  Day 1 Morning  Start your morning in Old Quebec with a warm drink and…

For decades, hitting a sales benchmark or earning a spot in an elite club has been a hallmark of Realtor success. But as some brokerages reassess how to recognize performance and consumers place greater weight on service and transparency, many are beginning to question whether traditional awards remain the best measure of a great agent. For Marc Baskin of Re/Max Real Estate Centre, achieving the Top Individual in Sales for Georgetown in 2024 was the result of hard work and “a little bit of luck.” “Hitting a new award tier is nice because it is feedback that I am getting…