Author: homegoal.ca
Canada’s home prices appeared to be on an upward trajectory in August, for the first time in 2025, with the Teranet-National Bank composite index reporting a 0.4 per cent increase from July. The small gain comes as the number of transactions on the resale market continued to rise for the fifth consecutive month, noted senior economist Daren King. He said the “very soft” market conditions in Ontario tightened somewhat with the recent spike in activity, allowing prices to rise during the month in Toronto, Hamilton, and Ottawa-Gatineau. Prices remain down from 2024 Despite this growth in August, the…
Calgary’s housing market saw rising inventory, shifting buyer demand, and a more balanced environment in August, after the periods of constrained supply it had been seeing in early 2024 and before. However, while overall sales activity slowed compared to last year, price trends and conditions varied widely across property types and districts. Sales Home sales in August fell by nearly 9% compared to the same month in 2024, while year-to-date sales were down more than 16%. This softening in activity was matched by a comparable decline in sales volume, with monthly totals slipping by just over 8% and year-to-date volume…
If Canada is going to solve its housing crisis, innovation can’t happen in silos.It’s not enough for startups to build exciting new tech, or for municipalities to design forward-thinking policies, or for builders and manufacturers to push for efficiency on their own. What the industry needs is a shared space — a platform for collaboration across the full housing ecosystem.Enter the Centre for Housing Innovation (CHI): a new initiative launched by Toronto Metropolitan University’s DMZ, with support from FedDev Ontario and a growing network of national partners including GroundBreak Ventures, CivicAction, and NGen.Backed by a $3.5M federal investment, and rooted…
The Bank of Canada (BoC) is betting on cheaper credit reviving a slowing economy further hit by trade shock. It cut the overnight rate at today’s meeting, a move widely expected as exports fall, investment retreats, and the labour market softens. The central bank hopes easing will support demand and jumpstart investment—but does history support that assumption? Bank of Canada Slashes Rates To Support Demand The BoC cut its key policy interest rate by 25 basis points (bps) to 2.50% at this morning’s meeting. The move was widely expected, bringing the overnight rate to its lowest level in 3 years—though…
The Bank of Canada announced today that it is lowering the overnight lending rate by 25 basis points from 2.75% to 2.5%. It has been over three years since the overnight lending rate last stood at 2.5%, a level last seen in July 2022. Today’s rate cut was highly anticipated after the unemployment rate rose to 7.1% in August, and Statistics Canada data released yesterday showed inflation rose to 1.9%. Real gross domestic product (GDP) also declined by 0.4% in the second quarter, driven by a drop in exports. Average 5-year fixed rates reached their lowest point this year in…
Trade tensions with the United States weigh on economic growth, prompting rate cut Today, the Bank of Canada announced that it has cut the overnight lending rate by 25 basis points to 2.5%. This marks the first rate cut since March. With softness taking hold in the labour market and trade tensions with the US choking economic growth, the Governing Council opted to lower the cost of borrowing. “At this rate decision, there was clear consensus to lower our policy rate for the first time since March. We will continue to assess the impacts of tariffs and uncertainty on economic…
Cybercriminals find the real estate industry a rewarding target. Speedy, last-minute transfers of large amounts of money are an opportunity for fraud to win big. In Manhattan, a brokerage lost over $1 million. An agent clicked on an email with a malicious link, which allowed the criminals to gain access to their email account. The criminals then monitored past and current emails, learning when a large commercial closing was to occur and with whom. Using the compromised account, they diverted the transfer of funds to accounts they controlled. Clients are also targets. Criminals pay attention to sales, using the public…
Calgary’s real estate market is entering a transitional phase. After years of fast-paced appreciation and highly competitive conditions, recent data shows a noticeable increase in housing inventory and a slowdown in completed sales. For homeowners used to double-digit appreciation and fast-moving bidding wars, today’s more balanced market can feel unfamiliar, prompting concerns about potential value loss and the question of whether to sell now. At the same time, those planning a move for personal or lifestyle reasons may weigh whether to proceed immediately or wait for further price stabilization and market clarity. For those considering selling to exit the market…
Set along one of Rosedale’s most admired streets, 111 Roxborough Drive is a rare find: a home that honours its heritage while embracing thoughtful, design-forward updates. The detached home captures the timeless appeal of Rosedale living with a distinctly modern sensibility, blending early-neighbourhood character with a fresh, turn-key finish.From the street, the house presents with stately confidence, its restored red-brick exterior and newly installed custom south-facing windows hinting at the care that’s been poured into every detail. Recent upgrades include a brand-new roof, complete exterior waterproofing, and newly laid sod in both the front and back gardens, reinforcing not only…
The Canadian economy is cooling but inflation accelerated as the base effect from gasoline faded. Statistics Canada (StatCan) data shows CPI accelerated in August, with core measures still running hot and shelter costs returning to breakneck growth. That puts the Bank of Canada (BoC) in a tricky situation at the upcoming rate announcement, as it risks pouring gas on the inflation fire that’s already burning too hot. Canadian Headline Inflation Accelerates As The Drag From Gas Eases Canadian headline inflation accelerated last month, though it remains relatively low. CPI accelerated to 1.9% y/y in August, from the 1.7% reported in…