Author: homegoal.ca

On Wednesday morning, the Bank of Canada (BoC) announced that they are cutting the policy rate to 2.50% for their July decision. This decision follows three consecutive holds from the central bank in April, June, and July.The BoC has delivered a total of 225 basis points (bps) worth of cuts since June 2024, including half-point cuts in both October and December of last year. Today’s decision comes on the heels of Statistics Canada’s Consumer Price Index reading for August, which showed a 1.9% year-over-year rise, up from a 1.7% increase in July.“With a weaker economy and less upside risk to…

“Make no mistake, the condo market has been dropped to its knees. It’s not a TKO, but let’s give it a standing eight count,” reads a recent report from CIBC’s Deputy Chief Economist Benjamin Tal and Urbanation’s President Shaun Hildebrand. The report delves into the current state of Canada’s housing market and breaks down why there is hope yet for the GTA condo.Outlooks for the GTA market have been somber for some time now, and this is not something Tal and Hildebrand shy away from. They acknowledge condo sales have stooped to ’90s levels and that “the days of 20,000-plus…

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Went From A Shortage To Surplus, Starts Plunge Canada’s new home starts fell to a SAAR of 245,800 units in August, down 16% from July. But this isn’t a problem of red tape—approved permits hit a record ~350,000 units, and builders are sitting on 12,000 completed but unsold homes, nearly 50% above the long-term average. The real issue is weak demand at current price levels, made worse by state-backed stimulus that’s fueling construction and propping up input costs, preventing the price relief the market…

Collecting blind boxes is all about the thrill of surprise, just like the search for your dream home. Each series is unique, reflecting varying personalities and aesthetics. The series you collect might even hint at the style and space that makes you feel at home. That’s why we’ve matched some of the most popular blind box series with dream home styles. Here’s what your favourite blind box collection reveals about your dream home. Smiskis Smiskis are whimsical, curious, and cozy. Naturally, a Smiski collector’s dream home would be a softly lit apartment with warm wood flooring, an open concept living…

Perched high above Okanagan Lake, a striking gated retreat awaits, delivering a rare blend of privacy, style, and sweeping scenery. Set on 2.7 acres within one of the region’s most coveted enclaves, 8836 Stonington Road offers not only an elegant primary residence, but also room for future expansions — think guest house, carriage home, or even a pickleball court.Arrive through the solar-powered gate and you’re met with a contemporary West Coast–inspired home, where soaring ceilings, a dramatic fireplace, and expanses of glass capture 270 degrees of lake and mountain vistas. The gourmet kitchen — anchored by Miele appliances, a built-in…

Perched in one of Kelowna’s most coveted enclaves, 764 Rockcliffe Place is a home that’s as much a feat of engineering as it is a triumph of design. This residence, set within the exclusive community of Highpointe, commands attention with its striking use of concrete and steel, cantilevered forms, and uncompromising attention to detail.From the very first approach, the property establishes its sense of grandeur. A lush, landscaped entryway is punctuated by a Corten steel water feature, leading guests into a soaring foyer clad in Italian tile and polished concrete. It’s here that the home immediately reveals its true calling…

Dreaming of waterfront luxury, modern design, and endless beachside views? The most expensive homes for sale in Wasaga Beach offer all that and even more. Known for its shoreline and relaxed lifestyle, these properties highlight all the best of beachside living. Let’s explore 7 of the most expensive listings making waves in Wasaga Beach’s real estate market. Listed by: RE/MAX HALLMARK CHAY REALTY Listed by: RE/MAX HALLMARK CHAY REALTY Listed by: RE/MAX HALLMARK CHAY REALTY Property Details Specs: 4 beds, 4.5 baths Unique Features: Walk-out patio, rustic fireplace, private deck Outstanding design defines this open-concept coastal home, featuring grand ceilings, a luxury kitchen…

Canada Mortgage and Housing Corp. (CMHC) says the pace of housing starts in August declined 16 per cent month-over-month. CMHC’s monthly report released Tuesday says the seasonally adjusted annual rate of housing starts came in at 245,791 units in August, down from 293,537 in July. In a statement, CMHC chief economist Kevin Hughes called the slowdown “notable,” as it’s well below the six-month trend. However, a sustained decline would be consistent with forecasts, he said. “It is worth noting that current housing starts levels are generally reflective of decisions made when interest rates were receding and investor confidence was higher…

The race is on between Vancouver and Surrey to see which City’s development entity has the biggest projects and the latest round goes to the Surrey City Development Corporation (SCDC), which was revived in 2023 and recently submitted a rezoning application for a big four-tower project. (The Vancouver Housing Development Office will also be unveiling a four-tower project soon.)The subject site of the SCDC’s proposal is located at the southwest corner of 108 Avenue and University Drive, immediately west of the Expo Line SkyTrain’s Gateway Station. The site currently consists of 10744 133 Street, 10725-10757 University Drive, and 13310-13350 108…

Despite the worsening effects of climate change, the uptake in climate-resilient homes among consumers and builders has been slow, according to experts.  Climate-resilient homes vary by location and the most prevalent risks there. For example, in Calgary, a climate-resilient home may include an impact-resistant roof to protect against hail that is becoming more common in the area. In Toronto, a climate-resilient home may feature protections against flooding, which has worsened in the city in recent years. Ryan Ness, the research director at the Canadian Climate Institute, told Real Estate Magazine that in the next 10 years, hundreds of thousands of…