Category: Uncategorized
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Can Canadian Rate Cuts Spark a Housing Revival?
The Bank of Canada reduced its benchmark interest rate by 25 basis points to 4.5%, the second cut this year.The 25-basis point cut lowers the variable mortgage rate, saving homeowners approximately $95 per month or $1,140 annually.
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Inflation drop reinforces hope for September interest rate cut in Canada
Canada's annual inflation rate dropped to 2.5%, aligning with forecasts and suggesting a potential third interest rate cut in September. The consumer price index report highlighted lower prices in travel, vehicles, and electricity, while shelter costs remain a significant inflation driver, though their growth slowed to 5.7%. The Bank of Canada is expected to continue…
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Land Release in Calgary, Edmonton for New Housing
Federal land in Calgary's Currie Barracks and Edmonton's Village of Griesbach opened for development.Calgary's project includes 99 units, with 30% at 80% of median market rent.
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Canada Housing Starts Dropped 9% in Late-Q2
Canadian housing starts dropped 9% in Late-Q2, totalling ~242K units compared to Mid-Q2's ~265K units. Market estimates predicted around 255K housing starts for Late-Q2, but actual numbers fell short.
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The Rise of Real-World Assets in Real Estate
Real-world assets (RWAs) are tangible physical assets like property, tokenized for digital ownership. Tokenization of RWAs divides asset ownership into digital shares, enhancing investment flexibility.
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Happy Labour Day
Happy Labour Day! Labour Day is a chance to honor and appreciate the hard work and contributions of workers in various industries. It's a chance to look back at workers' rights achievements and labor rights progress over time. Sending warm wishes on Labour Day to honor the dedication and contributions of workers everywhere. May your…
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4 Alberta Cities With Homes Under $450K
Alberta's average residential price in July is $493,549, with detached homes averaging $579,856 across the province. Grande Prairie's average home price is $350,687, with detached homes at $388,153, up 9.9% from last year.
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Edmonton’s Housing Costs Eased in Q2: Still a Challenge!
Edmonton's housing affordability deteriorated in Q2 2024, with MPPI reaching 32.6% of income. Condo mortgage payments in Edmonton consume 19.2% of income, while non-condo payments take 34.2%.
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Edmonton retail rental rates hold amid national rise, survey finds
Edmonton's retail rental rates have remained stable in several categories, contrasting with a national increase driven by low supply and high construction costs. A recent CBRE survey indicates that while rents rose in cities like Ottawa and Toronto, Edmonton's market showed minimal changes, with only slight increases in community-unenclosed, neighbourhood, and convenience/strip categories. The city's…
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Rent or Own? The Path to Owning Your Home
Weigh Flexibility vs. Investment: Renting offers flexibility, while buying builds equity and offers tax benefits. Consider Long-Term Stability: Buying is better if you plan to stay in one place for many years.