Peter Campagna
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TRREB: September Home Sales Improve Over Last Year
TREB NewsThursday, October 3, 2024

Greater Toronto Area (GTA) home sales increased year-over-year in September. Buyers were starting to take advantage of more affordable market conditions brought about by interest rate cuts and lower home prices.

OSFI eliminated mortgage stress test to avoid losing public confidence: Routledge
OSFIThursday, October 3, 2024

Canada’s banking regulator recently relaxed its mortgage stress test rule partly due to concerns about how the public perceives the agency’s role, according to Peter Routledge, the head of the Office of the Superintendent of Financial Institutions (OSFI).

Mortgage Digest: 50% odds of a 50-bps October rate cut, experts say
Mortgage ButtonTuesday, October 1, 2024

Markets are increasingly betting on the Bank of Canada delivering a 50-basis point rate cut during its October 23 policy decision, with the odds now sitting at around 53%

Homeowners won't face mortgage stress test if renewing with new lender: OSFI
MortgagesThursday, September 26, 2024

Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress test.

Federal government releases technical details of its latest mortgage changes
Chrystia Freeland - Government of CanadaWednesday, September 25, 2024

As a follow-up to last week’s announcement, the federal government has unveiled a more detailed framework for its updated mortgage rules, which are set to take effect on December 15, 2024.

Is breaking your mortgage for a lower rate worth the prepayment penalty?
Real Estate Transaction & Mortgage ApplicationSunday, September 22, 2024

As interest rates continue to drop, borrowers might wonder if they should renegotiate their fixed-rate mortgage. But at what cost?

CMHC says annual pace of housing starts in Canada slowed in August
Housing Starts / New DevelopmentsTuesday, September 17, 2024

Canada Mortgage and Housing Corp. says the annual pace of housing starts in August slowed 22 per cent compared with July.

Federal government raises insured mortgage cap to $1.5M, expands 30-year amortizations
Group of Young AdultsTuesday, September 17, 2024

The federal government has unveiled sweeping changes to Canada’s mortgage system, calling them the “boldest reforms in decades.”

Canadian Housing Activity Remains in Holding Pattern
CREA NewsMonday, September 16, 2024

National home sales increased in June following the Bank of Canada's first interest rate cut since 2020, and activity posted another small gain in August on the heels of the second rate cut in late July, but the bigger picture appears to be a market mostly stuck in a holding pattern.

Canada Building Permits Surge in July, Far Exceeding Expectations
New Construction w SupervisorsFriday, September 13, 2024

The total value of building permits surged by 22.1% month-over-month to $12.39 billion in July 2024, far exceeding market expectations of a 2.5% increase, following an upwardly revised 13% decline in the previous month.

Bank of Canada to Start Jumbo Rate Cuts by December, CIBC Says
financial markets reportThursday, September 12, 2024

One of the country’s biggest lenders says the Bank of Canada will accelerate the pace of monetary easing in order to stave off recession.

Toronto remains a top tech talent market, but leasing activity slow
Toronto Downtown ViewTuesday, September 10, 2024

CBRE report ranks Toronto as 4th-best North American market, has largest job growth since 2018

Rate cuts have yet to budge GTA housing market: RBC
Realtor showing homeTuesday, September 10, 2024

While the Bank of Canada may be lowering interest rates, the move is not having an immediate effect on Canada‘s housing market, an economist at one of Canada’s biggest banks says.

Investors showed "confidence" in Canada's commercial real estate sector in Q2: Morguard
Marketing AnalysysThursday, September 5, 2024

Canada’s commercial real estate sector saw positive momentum in the second quarter of the year, according to a new report, which notes further reductions in borrowing costs are expected to drive investor confidence.

TRREB: GTA Housing Market Becoming More Affordable
TREB NewsThursday, September 5, 2024

Greater Toronto Area (GTA) home sales were down on a year-over-year basis in August 2024. New listings were up slightly over the same period. While the region’s housing market remained well-supplied in August, average home prices only edged slightly lower compared to August 2023.

Interest rate cut welcome news for homeowners with variable-rate mortgages
MortgagesThursday, September 5, 2024

Real estate experts say the Bank of Canada’s third consecutive interest rate cut is welcome news for variable-rate mortgage holders, but it could still be some time before significant demand returns to the market.

Bank of Canada makes third rate cut in a row
Bank Of CanadaWednesday, September 4, 2024

The Bank of Canada has cut its policy rate by a further 25 basis points in its September decision, marking a third consecutive move to bring rates lower.

Canadian house prices could rise by up to 6% in steady fall market
Sold Home For SaleTuesday, September 3, 2024

Interest rate cuts should spark buying activity says RE/MAX Canada

The Bank of Canada is expected to cut rates again, with U.S. Fed on deck
Mortgage Rates - Interest RatesTuesday, September 3, 2024

The Bank of Canada is widely expected to deliver a third consecutive interest rate cut on Wednesday as inflationary forces continue to cool on both sides of the Canada-United States border.

New report calls for urgent government action as GTA home sales in July at an all-time low
Single House New Build FramingWednesday, August 28, 2024

A home building industry association says new home sales in July were at an all-time low, and is calling on urgent action from the government.



 
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