The real estate market continues to shift to a more balanced market as both buyers and sellers took a break over the previous quarter. In 2021 there were 191 freehold sales in Aurora sold at an average of $1,354,787 which was 106% of the listing price....
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With Bank of Canada (BoC) rate forecasts projecting a 50 basis point increase to 1.5% on June 1st, prospective and current homeowners are worrying about how real estate markets might be impacted. Ostensibly, prospective home buyers will face greater difficulties qualifying for funding, due to...
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Spending on increasing supply With the federal government continuing to accelerate their affordable housing strategies, Canadians are wondering how housing markets might react. The first thing to note is that the government is investing $72 billion over the coming years to double the development of new...
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Increasing Housing Supply Since 2019, Ontario housing policy has taken aim at building more homes to support the growing population in Canada. Albeit their aims, municipalities are concerned with provincial oversight over local developments. In response, the Ontario government is actively working on the Housing Supply...
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As of February 2022, the average price of Ontario homes has set record highs, having surpassed the $1M mark for the first time as new houses in the province continue to appreciate. Likewise, Ontario MLS® home sales recorded their second highest February ever, as the...
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On March 2nd 2022, the Bank of Canada increased interest rates for the first time since 2019; overnight rates increased to 0.5%, interbank rates to 0.75%, and the deposit rate to 0.5%. With rates on the rise and Royal Bank of Canada senior economist Robert...
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