Imagr by: unsplash The Bank of Canada has increased its overnight rate by 25 basis points to 5.0%, continuing its tightening of monetary policy. This move signals a departure from record-low interest rates and marks the highest rates seen since the 2007-08 financial crisis. While some hope this will ...
Continue ReadingIntroduction: In recent months, we’ve witnessed the real estate market showing signs of recovery, with buyers returning, prices stabilizing, and a surge in first-time homebuyers. However, the Bank of Canada has just announced a significant interest rate hike of 25 basis points, the highest since 2001. The goal is to ...
Continue ReadingGov. Rel. News 29 March 2023 The federal government has tabled the 2023 Budget titled “A Made-in-Canada Plan.” This budget is heavily focused on measures to address the cost-of-living crisis, provide inflation relief, invest in public health care, and build Canada’s clean economy. Housing Measures in Budget 2023 CREA has provided ...
Continue ReadingThe average prices in Durham have increased 22% for all home types between December 2019 to December 2020 Let’s take a look at each house type. Across the board we seen massive increases in price. Detached – 25% Increase Semi-Detached – 30% Increase Condo Townhome – 22% Increase Condo ...
Continue ReadingHome Search: Understanding Your Housing Market Buying a house is exciting, intimidating and, honestly, a bit complicated. If you’re like most young home shoppers, you’ll spend close to three months just finding “your” home. It’s an emotional roller coaster. You might find what seems the perfect place, only to learn ...
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