Here’s how much Ontario home prices have dropped (or climbed) since the last federal election With Canadians set to go to the polls today, the election has somehow become a little less about domestic issues and more about existential threats–namely tariffs and annexation threats levelled by U.S. President Donald Trump. However, while many Canadians are voting for the candidate they...
Good Morning! Today, the Bank of Canada lowered its key rate to 4.5% from 4.75%, marking its second cut in a row. This move aims to ease inflation and address economic growth concerns by considering the broader economic picture, not just inflation. With global supply chains improving and economic growth slowing, high interest rates have kept consumer spending in check. The Bank of Canada is now taking...
A private investigation firm working for a title insurance company says a handful of organized crime groups are behind a string of real-estate frauds in the GTA — where at least 30 homes have either been sold or mortgaged without the real owners' knowledge. (Cole Burston/Bloomberg) A year ago, Melissa Walsh says police assured her family it only happened to them. Fraudsters nearly sold her great...
Why Canada’s housing market is stronger than it looks – and recovery is just around the corner Naomi Oliver January 21, 2023 It’s hard to imagine the housing market being any weaker than what we’re going through right now. But the market is stronger than it looks. And that will become clear later this year and next. However, pessimism is inevitable. Finally, since...
Yesterday, Minister Steve Clark and the Ontario Government released the much-anticipated report from the Housing Affordability Task Force. The report highlighted that Ontario needs to build 1.5 million homes to meet demand and address the affordability crisis. OREA had asked the Province to create this Task Force and we had a direct role in drafting many of the recommendations, with our own CEO, Tim...
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