Barely a year ago, some economists were predicting a wave of mortgage defaults as hundreds of thousands of Canadians prepared to renew their mortgages at higher rates. Since June 2024, the Bank of Canada has cut its key lending rate six times, helping to ease some of the pressure on borrowers. Mortgage rates, however, remain
Region demonstrates notable resilience in the face of political and economic uncertainties As 2024 drew to a close, the Quebec real estate market stood out for its unexpected resilience in the fourth quarter. Despite economic and political uncertainties, favourable market dynamics unfolded, driven by more advantageous lending conditions and reinvigorated buyer confidence. This renewed vigour
There are lots of reasons for selling a second home. You may be looking for a change, going through a separation, or noticing the property value has gone up. In some regions, the price of cottages and condos has doubled , which is advantageous for sellers. When it’s time to sell your second home, it’s important to choose
Wallpaper has made a serious comeback in recent years. From bold murals to delicate prints, the options are endless and the results can be breathtaking. But before you start envisioning a papered powder room, it’s important to be prepared. Here’s everything you need to know as a beginner, so your wallpapering project is as seamless
Canada’s housing market continued its upward trend in November 2024, as it recorded gains in both sales activity and prices, according to the latest report from the Canadian Real Estate Association (CREA). This marks the sixth consecutive month of sales growth, further solidifying the market’s recovery since mid-year when the first cut to the overnight
Quebec’s main urban markets should remain active next year, despite international political and economic uncertainty. Global economic tensions, the upcoming Canadian federal election, a new U.S. administration, and insufficient real estate inventories: the year 2025 promises to be full of challenges for the Quebec real estate market. Yet, despite these uncertainties, the outlook remains promising.
Fourth consecutive cut brings key lending rate to 3.75% for the first time in two years For the first time in two years, the Bank of Canada’s overnight lending rate has hit under 4%. In its scheduled October 2024 announcement, the central bank lowered the target for the overnight lending rate by 50 basis points
Since the pandemic, the very definition of luxury real estate has evolved, as housing supply shortages have transcended all market segments and driven up prices. While the luxury property category is more resilient and less prone to fluctuations compared to the general residential market, its clientele remain attentive to the country’s overall economic health, which
More than 4 out of 5 Canadians aged 18-38 believe that home ownership is a worthwhile investment. While young homebuyer hopefuls in Canada are facing more financial obstacles today – including higher home prices, interest rates and cost of living than their parents – many continue to aspire to own real estate one day. Despite
After showing signs of life in June following the Bank of Canada’s first interest rate cut in more than four years, Canada’s housing market took a bit of a breather last month, according to the latest housing report from the Canadian Real Estate Association (CREA). In July 2024, home sales across Canadian MLS® Systems decreased 0.7%
