Gerry’s Blog
What is the Bank of Canada’s current policy interest rate? When does the Bank of Canada announce its overnight rate? When is the next announcement? What factors did Bank of Canada consider in its latest decision? Bank of Canada’s Overnight Interest Rate The Bank of Canada announced that it will continue to hold its key interest rate target…
Over the last 18 months, many Canadians have been fleeing big city centres in favour of smaller, more rural towns. A key factor driving this migration has been the pandemic-related shift to remote working arrangements, unburdening many working professionals from needing to live within driving distance to the office. This has made areas of Ontario,…
Eventually, what goes up must come down, which many believe is the case when it comes to ever-swelling housing prices across Canada. For all of 2021, and most of 2020 for that matter, Canadian real estate big and small, from coast-to-coast, have set month-over-month records in terms of residential home sales, sales volume and average…
Atlantic Canada is still one of the most remarkable housing markets in Canada today. Despite much of the Canadian real estate market cooling down, provinces in the eastern seaboard are enjoying incredible growth in the housing industry. From economic opportunities to record-low interest rates to evolving consumer patterns, provincial markets like Nova Scotia and New…
Homeowners in the Ontario real estate market have witnessed incredible gains over the last 20 months. After a modest slowdown in the first two months of the global health crisis, many aspects of the Ontario housing sector – particularly detached and semi-detached homes – soared and recorded record highs, from sales activity to price growth….
The smoke has cleared. The dust has settled. The votes have been counted, and Prime Minister Justin Trudeau and the Liberals have formed a minority government. But what does this mean for the Canadian real estate market? During the federal election campaign, it was clear that housing was one of the most important subjects among…
The countdown to Halloween is on, and while this annual event is one that most kids look forward to all year, many of them face barriers that make door-to-door trick-or-treating a challenge. More than 400,000 Canadian kids live with accessibility issues that make navigating staircases, steep or long driveways, narrow pathways, strobe lights, loud noises…
In-migration from outside the province has bolstered home-buying activity across the board in and around the Halifax real estate market, and contributed to a serious uptick in average price. Condominium sales increased almost 36 per cent between January 1 and August 31, rising from 716 units in 2020 to 973 units in 2021. Average price…
According to the new RE/MAX 2021 Condominium Report, condominium sales are firing on all cylinders in the Ottawa real estate market, as strong demand and tight inventory levels characterize current market conditions in the region. The rapid escalation of freehold property values over the past year – up almost 28 per cent – has been…
After bearing the brunt of the impact of the pandemic on the Greater Toronto real estate market, condominium sales and prices have roared back to life in both the city and suburbs in 2021. Year-to-date sales of condominium apartments and townhomes (January 1 to August 31) have climbed 71 per cent year-over year, to 30,383…
Owning a home is a keystone of wealth… both financial affluence and emotional security.