Archive for July, 2024

  With the first Bank of Canada rate drop having occurred in June, many individuals are looking at the housing market with renewed vigor and an expectation that rates will continue to come down to a more sustainable level. If you are someone who is considering entering the housing market this summer, there are a few things you should keep in mind: With the first Bank of Canada rate drop […]

The Bank of Canada finally began an easing cycle on June 5, taking their overnight policy rate down 25 bps to 4.75%–the first major central bank to do so. The housing market has languished over the past year with extremely weak affordability. The Multiple-Listing Service Home Price Index fell again in May and is now down 2.4% year-over-year and is off 14.4% from the early 2022 peak when the overnight […]

  With the summer in full swing, we haven’t seen the increase in home sales that many predicted.  Places like Toronto were down over 16% in comparison to 2023, while Ottawa managed to outperform 2023 by .1%. While the Bank of Canada’s rate reduction in June did spark some optimism, most people are remaining on the sidelines, waiting to see if it continues. The interesting part is that home prices […]

  We all invest a lot into our homes, so we want to ensure we enjoy them to the fullest all year. As we head into the prime of summer, there is no better time to update your space and turn it into the perfect staycation paradise so that you can fully enjoy the season! Here are my top 5 tips for creating that backyard oasis: Expand Your Outdoor Entertaining […]