Author: homegoal.ca
This Wednesday, September 17 will bring another Bank of Canada (BoC) interest rate announcement, and the third-last of the year. The country is going into this decision with a policy rate of 2.75%, held steady at this level since March of this year.Although there wasn’t much mystery leading up to the Bank’s last announcement in late July — it culminated in a third-straight hold, as anticipated across the board by economists with Canada’s ‘Big Five’ banks — there’s more room for debate this time around. One reason for that is weaker economic conditions overall, with a loss of 66,000 jobs…
Canadian real estate showed minor improvement in August but remains far from normal. Existing home sales rose slightly, according to data from the Canadian Real Estate Association (CREA). However, the increase wasn’t enough to offset a record number of new listings, helping drive the sharpest monthly price drop in over a year. Canadian Real Estate Prices See Sharpest Drop In Over A Year CREA benchmark price: The price of a typical home across Canada. Source: CREA; Better Dwelling. Canadian real estate prices continued to slip last month. The price of a typical home fell 0.9% (-$6,500) to $686,800 in August,…
In a city where detached homes feel out of reach, condos remain the entry ticket for buyers determined to plant roots in Toronto. According to the Toronto Regional Real Estate Board (TRREB), the average prices of various property types in Toronto as of August 2025 were as follows: condos at $667,660, townhouses at $915,511, semi-detached homes at $1,131,498, and detached homes at $1,524,066. These significant price gaps underscore the challenges of climbing the property ladder, and the high entry point of a condo makes it even more challenging to break into that segment. Now that condo supply has increased, with…
A “shadow market” of unlisted, unsold condo inventory is emerging in both Toronto and Vancouver, which could worsen the current condo crisis both cities are facing, some Realtors say. The shadow market consists of both presale condo units that are available before the building has been constructed, and the units that are leftover from the presale period but are still not listed on the MLS. “(Presale inventory) doesn’t get picked up in the real estate boards’ monthly analysis,” Vancouver Realtor Steve Saretsky told Real Estate Magazine. “There’s never any discussion that the preconstruction market also has all-time record high inventory,…
On Wednesday, CAPREIT (TSX: CAR.UN) and Nch’ḵay̓ — the economic development arm of the Skwxwú7mesh Úxwumixw (Squamish Nation) — jointly announced that they had completed a transaction pertaining to the International Plaza Apartments in North Vancouver.The International Plaza Apartments are located at 1959-1999 Marine Drive in North Vancouver, at the southwest corner of the intersection with Capilano Road. The property consists of two high-rise towers with a total of 471 rental units above just over 65,000 sq. ft of commercial retail space and sits atop reserve land located in the Squamish Nation village of X̱wemelch’stn (Capilano IR #5).According to Nch’ḵay̓,…
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Big Six Mortgage Arrears Surge Above National Average Mortgage arrears at Canada’s Big Six banks are rising faster than the national average, with five of the six now exceeding it. These lenders typically post much lower delinquency rates, making the sudden surge a potential early warning of deeper financial stress. Continue Reading… Toronto Real Estate’s Long-Term Prospects Fade As Unemployment Nears 400k A faster recovery for Toronto real estate looks unlikely as the job market deteriorates. The region saw 392.3k unemployed in August, up 11.1% year-over-year—now…
Amid less-than-ideal business conditions in Toronto, one real estate marketing agency is looking further afield for opportunities to expand its footprint and diversify its services — places like Dubai, Florida, and Grand Cayman. The company, Pivot Real Estate Group, leases and sells units in high-, mid-, and low-rise buildings from major Toronto developers and is among the largest pre-construction brokerages in the GTA. They’ve been around for over 30 years, have more than 50,000 sold units under their belt, and have a broker network of over 40,000 agents. But they too have felt the energy seeping out of the GTA’s…
In 2024, Toronto was voted the number one place to live and work as a movie maker. With recognition like that, you can expect to pass world-class talent on the street. But where do movie stars eat when they’re not working? We’ve rounded up some of the restaurants celebrities love most in Toronto so you can try them out. Best case, you’re seated next to an A-lister. Worst case, you still get a meal that’s celebrity-approved. PAI Address: 18 Duncan St. From James Harden and Elijah Wood to Lauren Graham, M. Night Shyamalan, Shawn Mendes, and Alexander Skarsgård, just about…
Lead generation usually takes the spotlight. It’s what agents are trained on, what marketing budgets are built around, and what most tech platforms promise to solve. It’s also why the industry treats it like a numbers game: more ads, more clicks, more money out the door. But here’s the better question, the more profitable one: What if your next 20 clients are already visiting your website, and you’re just not capturing them? Across the European markets, brokerages working with Serviceform have doubled their website conversion rate, not by running more ads or buying new lists, but by simply closing the…
On Wednesday, Vancouver-based real estate services firm rennie announced that it was launching a new commercial real estate brokerage called rennie Commercial, its latest effort to diversify its offerings and expand its horizons.”This new division represents a natural extension of the company’s 50-year legacy of guiding developers, financial institutions, and real estate clients through complex decisions with trusted advice and local insight,” the company said in a press release. “With rennie Commercial, the firm brings its thoughtful approach to a broader range of clients and projects across Metro Vancouver and beyond.””Backed by rennie’s in-house intelligence team, which includes economists, demographers,…