Category: Uncategorized
-
Alberta’s Real Estate Market: Hot or Not?
Red Deer townhouses are the cheapest in Canada at $222/sq ft. Alberta saw significant price ↑ , with Calgary ↑ 17% and Edmonton ↑ ~ 10%.
-
Alberta Sets Housing Construction Record
Alberta saw the highest housing starts for the first six months of the year. Housing starts in Alberta rose by 54%, compared to Canada's 7% increase.
-
Slow resurgence of Canada’s real estate market to begin later in 2024
Canada's real estate market is expected to slowly rebound in the second half of 2024, with increased sales and tightening market conditions. The Bank of Canada's rate cut in June led to a slight improvement in housing numbers. Home sales rose by 3.7% from May to June 2024 but were down by 9.4% compared to…
-
How A Blended Mortgage Works
If you have a fixed-rate closed mortgage, you may consider a blended mortgage instead of breaking your contract to benefit from lower interest rates. A blended mortgage combines your current rate with a new one, offering a middle ground. It can help you access equity or lower your interest rate without incurring prepayment penalties. By…
-
Edmonton Market: Cooling Down or Finding Balance?
Home sales in Edmonton dipped 11.4% MoM but rose 10% yearly. New listings fell by 14.2% MoM but increased by 15.9% yearly.
-
Extra $1,380 Needed for Edmonton Homebuyers in 2024
Prairie cities like Edmonton have remained attractive to local and migrating buyers in 2024. Edmonton saw a 10% annual increase in sales while new listings fell by 14.2% MoM.
-
Edmonton Office Market Trends
Private local investors dominate office property transactions in Edmonton. 11 of the past 12 office building sales were to Edmonton-based buyers.
-
Renewing your mortgage at the peak
Canadian mortgage holders have an opportunity to reevaluate their options as interest rates begin to decrease. It's important to understand market dynamics and Bank of Canada policies, considering factors such as credit score, market rates, mortgage type, term, penalties, prepayment options, negotiation, and professional advice. Meanwhile, Ontario has introduced a financial literacy test for high…
-
How Canadians Can Find The Best Mortgage Rates
To secure affordable property in Canada, compare mortgage rates from various lenders based on market trends. Understand how inflation, global economy, and Bank of Canada's decisions impact rates. Improve credit score for better rates, consider different mortgage types, negotiate terms with lenders, and factor in additional costs like closing fees. Seek advice from financial counselors…
-
Canadian Interest Rate Forecast for Next 5 Years
The Canadian interest rate is set to decrease gradually over the next five years, with forecasts predicting a drop to 2.90% in 2024 and 2% by 2026. This change, influenced by factors such as inflation, economic growth, and global conditions, will also affect mortgage interest rates. Canadians are encouraged to consider fixed vs. variable rates,…