Real Estate News, Articles & Corporate Announcements

11/4/2024 | Posted in Government and Regulation by Crescendo Realty
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Conservative Leader Pierre Poilievre has written to the provinces’ premiers, asking them to eliminate their sales taxes on new homes that are under $1 million. ... More

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11/4/2024 | Posted in Mortgages and Real Estate by Crescendo Realty
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Canada's housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being ... More

Real Estate & Mortgage News

10/29/2024 | Posted in Real Estate Market by Crescendo Realty
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A new report says that while fewer young Canadians own a home compared with three years ago, a majority of millennials and Gen Z adults still plan to purchase one in the next five ... More

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10/28/2024 | Posted in New Developments by Crescendo Realty
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New home sales in the Greater Toronto Area remained sluggish last month, but a new report suggests that the market is now primed for buyers following four consecutive interest ... More

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10/25/2024 | Posted in Home Buyers by Crescendo Realty
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The federal government allowed 30-year mortgage amortizations for first-time homebuyers purchasing new builds in August, and the new rules are set to expand in December to ... More

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10/24/2024 | Posted in Mortgages and Real Estate by Crescendo Realty
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More Canadian homeowners are considering switching to variable rate from fixed rate mortgages after an unusually large interest rate cut by the central bank on Wednesday, mortgage ... More

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10/23/2024 | Posted in Commercial Real Estate by Crescendo Realty
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What does today’s 50 basis point interest rate cut mean for the Canadian commercial real estate market? ... More

Real Estate & Mortgage News

10/23/2024 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75%, its first bigger-than-usual move in more than four years, and hailed signs the country ... More

Real Estate & Mortgage News

10/23/2024 | Posted in Toronto News by Crescendo Realty
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Landlords who plan to evict tenants to renovate their properties may soon be required to apply for a licence and provide additional financial compensation to the tenants they are ... More

Real Estate & Mortgage News

10/21/2024 | Posted in Interest Rates by Crescendo Realty
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Five of Canada's biggest banks are now expecting a larger-than-usual interest rate cut from the Bank of Canada after inflation numbers came in lower than anticipated. ... More

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10/18/2024 | Posted in Condos For Sale by Crescendo Realty
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New condo sales in the Greater Toronto and Hamilton Area are continuing to drop off, falling 81 per cent in the third quarter of 2024 compared to the same period last year, ... More

Real Estate & Mortgage News

10/15/2024 | Posted in Canadian Housing Market by Crescendo Realty
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Following the Bank of Canada's third interest rate cut of the year, national home sales increased slightly in September compared to August. This follows a similar pattern of ... More

Real Estate & Mortgage News

10/11/2024 | Posted in Interest Rates by Crescendo Realty
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Strong employment results for September have tempered Bank of Canada rate cut expectations for later this month. ... More

Real Estate & Mortgage News

10/10/2024 | Posted in Canadian Housing Market Predictions by Crescendo Realty
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Royal LePage’s latest housing market forecast predicts a real estate rebound that will see Canada’s “sluggish” markets in recovery mode by spring following ... More

Real Estate & Mortgage News

10/9/2024 | Posted in Mortgages and Real Estate by Crescendo Realty
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Interest rate cuts by the Bank of Canada in recent months have helped reduce ownership costs for homeowners and buyers and bring about a slight improvement in the overall housing ... More

Real Estate & Mortgage News

10/8/2024 | Posted in Government and Regulation by Crescendo Realty
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The federal government is rolling out another set of mortgage changes aimed at addressing the housing shortage, this time focusing on supporting the construction of secondary ... More

Real Estate & Mortgage News

10/7/2024 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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An ex-member of the Bank of Canada’s governing body said officials should cut borrowing costs by half a percentage point later this month. ... More

Real Estate & Mortgage News

10/3/2024 | Posted in GTA Real Estate by Crescendo Realty
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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 ... More

Real Estate & Mortgage News

10/3/2024 | Posted in Mortgage News by Crescendo Realty
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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 ... More

Real Estate & Mortgage News

10/1/2024 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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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% ... More

Real Estate & Mortgage News

9/26/2024 | Posted in Home Owners by Crescendo Realty
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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. ... More

Real Estate & Mortgage News

9/25/2024 | Posted in Government and Regulation by Crescendo Realty
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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 ... More

Real Estate & Mortgage News

9/22/2024 | Posted in Mortgages and Real Estate by Crescendo Realty
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As interest rates continue to drop, borrowers might wonder if they should renegotiate their fixed-rate mortgage. But at what cost? ... More

Real Estate & Mortgage News

9/17/2024 | Posted in Canadian Housing Market by Crescendo Realty
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Canada Mortgage and Housing Corp. says the annual pace of housing starts in August slowed 22 per cent compared with July. ... More

Real Estate & Mortgage News

9/17/2024 | Posted in Government and Regulation by Crescendo Realty
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The federal government has unveiled sweeping changes to Canada’s mortgage system, calling them the “boldest reforms in decades.” ... More

Real Estate & Mortgage News

9/16/2024 | Posted in Real Estate News by Crescendo Realty
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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 ... More

Real Estate & Mortgage News

9/13/2024 | Posted in New Developments by Crescendo Realty
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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 ... More

Real Estate & Mortgage News

9/12/2024 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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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. ... More

Real Estate & Mortgage News

9/10/2024 | Posted in Commercial Real Estate by Crescendo Realty
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CBRE report ranks Toronto as 4th-best North American market, has largest job growth since 2018 ... More

Real Estate & Mortgage News

9/10/2024 | Posted in Canadian Housing Market by Crescendo Realty
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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 ... More

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