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Market update week ending September 29th

29 September 2023
Eileen Wylie

Soaring interest rates are inducing anxiety in nearly half of Canadian homeowners for whom mortgage renewal looms. Interest rates have risen from 0.25% to 5% in 18 months.

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Market update week ending September 22nd

27 September 2023
Eileen Wylie

On a monthly basis, average home prices fell in six Canadian cities and increased in four urban markets in August, according to a new market survey by Ratehub.ca.

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Market update week ending September 15th

18 September 2023
Eileen Wylie

The industry reacts to the Fed's removal of the GST on new rental builds. For years, the real estate development industry has identified GST as a simple change that would go a long way toward helping rental development.

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Market update week ending September 8th

08 September 2023
Eileen Wylie

The City of Toronto will implement new Municipal Land Transfer Tax rates of up to 7.5% on high-value homes as it looks to potentially increase the Vacant Home Tax to 3%.

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Market update week ending September 1st

08 September 2023
Eileen Wylie

At just the moment when more housing is desperately needed, three dozen condo buildings, adding up to more than 8,000 units, have been delayed in the GTHA (Greater Toronto and Hamilton Area) — many in more affordable communities — due to higher interest rates and a lack of confidence in the market.

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