Market update week ending March 15th

16 March 2024
Eileen Wylie

A new report released this week says the average asking price for a rental unit in Canada was $2,193 per month in February, up 10.5% year-over-year and the fastest annual growth since September 2023.


Market update week ending March 8th

10 March 2024
Eileen Wylie

Canada ends the first-time home buyer incentive program. The Canada Mortgage and Housing Corporation (CMHC) has officially terminated the First-Time Home Buyer Incentive program. The cutoff for new or revised applications is set for March 21st, 2024.


Market update week ending March 1st

01 March 2024
Eileen Wylie

Tarion the home consumer protection agency in Ontario could face $90M in claims as developers walk away from projects and home buyers lose deposits.


Market update week ending February 23rd

24 February 2024
Eileen Wylie

Statistics Canada’s released a report this week that on July 1, 2023, for the first time, the millennial generation (born between 1981 and 1996) comprised a greater number of people in the population than the baby boomer generation, (born between 1946 and 1965) thanks to an immigration surge. It’s a title the baby boomers’ generation has held in the country for the past 65 years.


Market update week ending February 16th

24 February 2024
Eileen Wylie

So it’s official! City Council voted in favour of the 9.5% increase to the residential property tax rate when they met on Wednesday to finalize the 2024 budget.