The growing popularity of more compact living quarters, due in part to both rising housing costs and densification, has many people searching for interior design hacks for small living spaces. When designing a small space, it’s important to include details that align with your habits and routines. Other designs might look great in magazines or
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
Royal LePage maintains year-end forecasts for the province’s two largest markets In Quebec’s largest real estate markets, sales activity during the third quarter was uneven. Some markets returned to seasonal norms, while others continued to see demand outpace supply. The majority of the province’s markets saw slight quarterly price increases, with values for all property
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
Canada’s central bank has made a third cut to its overnight lending rate this year, lowering borrowing costs for existing and aspiring homebuyers yet again. In its scheduled September 2024 announcement, the Bank of Canada dropped the target for the overnight lending rate by 25 basis points to 4.25%. In July, Canada’s Consumer Price
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%
First-time buyers of new construction homes in Canada will now be able to access longer mortgage amortization periods. As of August 1st, 2024, lenders will be allowed to offer 30-year amortizations for insured mortgages to first-time homebuyers of new construction homes, a measure modified by the federal government. Previously, the maximum amortization for an insured
More than half of Canadian mortgages will renew before the end of 2026, and with the Bank of Canada lowering its key interest rate from 5.0% to 4.75% on June 5th, many homeowners are now wondering which mortgage type they should opt for upon renewal — a fixed or variable rate. Understanding the options available
Although the desire to become a homeowner remains strong for many Quebec renters, their intentions to buy are hampered by a number of factors. For the province’s renters, rising property prices, the increase in interest rates over the past two years, and the lack of available properties that makes the market highly competitive for buyers
