Real Estate News, Articles & Corporate Announcements

4/16/2024 | 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 March declined seven per cent compared with February. ... More

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4/16/2024 | Posted in Mortgages and Real Estate by Crescendo Realty
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Canadian regulator cracks down on high-debt mortgages to protect borrowers ... More

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4/12/2024 | Posted in GTA Real Estate by Crescendo Realty
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Housing prices in the GTA are expected to rise 10 per cent this year and will likely surpass those in Greater Vancouver by the end of 2024, according to an updated forecast by ... More

Real Estate & Mortgage News

4/12/2024 | Posted in Canadian Housing Market by Crescendo Realty
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While there are expectations the Canadian housing market will pick up on some level this year, home sales and prices were mostly unchanged on a month-over-month basis in March ... More

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4/12/2024 | Posted in Government and Regulation by Crescendo Realty
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The federal government today confirmed plans to consult with the mortgage industry on developing income verification tools through the Canada Revenue Agency. ... More

Real Estate & Mortgage News

4/11/2024 | Posted in Government and Regulation by Crescendo Realty
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Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians ... More

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4/10/2024 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent. ... More

Real Estate & Mortgage News

4/9/2024 | Posted in Real Estate Market by Crescendo Realty
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The housing affordability crisis in Canada is reaching alarming new heights, impacting middle-income families far beyond major cities, according to a new report from RBC. ... More

Real Estate & Mortgage News

4/8/2024 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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The Bank of Canada is widely expected to keep its key overnight rate on hold Wednesday, as it gathers more evidence of cooling inflation before delivering its first interest rate ... More

Real Estate & Mortgage News

4/5/2024 | Posted in Canadian Housing Market by Crescendo Realty
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The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026. ... More

Real Estate & Mortgage News

4/4/2024 | Posted in Canadian Housing Market by Crescendo Realty
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Canadian homebuilders are expected to dial back new construction for a third straight year in 2024 as elevated borrowing costs reduce the appeal of starting projects, Canada's ... More

Real Estate & Mortgage News

4/3/2024 | Posted in GTA Real Estate by Crescendo Realty
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Greater Toronto Area (GTA) REALTORS® reported 6,560 sales through TRREB’s MLS® System in March 2024 – down by 4.5 per cent compared to March 2023. ... More

Real Estate & Mortgage News

4/3/2024 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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Economists question their forecasts as inflation expectations challenge anticipated rate cuts ... More

Real Estate & Mortgage News

4/2/2024 | Posted in Luxury Real Estate by Crescendo Realty
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Luxury real estate sales have increased across the country in the first two months of the year but larger markets like Toronto are seeing less activity as some buyers look ... More

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4/2/2024 | Posted in Government and Regulation by Crescendo Realty
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Prime Minister Justin Trudeau is pressuring Canada’s provinces to remove barriers to building more housing, including requiring them to freeze municipal development charges ... More

Real Estate & Mortgage News

3/27/2024 | Posted in Recreational Properties by Crescendo Realty
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Median home prices in the country’s recreational housing markets are forecast to rise 5% in 2024 as demand grows for scarce listings. ... More

Real Estate & Mortgage News

3/22/2024 | Posted in Government and Regulation by Crescendo Realty
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Canada’s banking regulator says it has no plans to remove the stress test on uninsured mortgages for borrowers who choose to switch lenders. ... More

Real Estate & Mortgage News

3/19/2024 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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Economists widely expect central bank to start cutting rates in June ... More

Real Estate & Mortgage News

3/19/2024 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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'I hope they're not tepid,' says expert about BoC's upcoming decisions ... More

Real Estate & Mortgage News

3/18/2024 | Posted in Canadian Housing Market by Crescendo Realty
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Canada Mortgage and Housing Corporation (CMHC) has reported an increase in the pace of home construction across the country. ... More

Real Estate & Mortgage News

3/18/2024 | Posted in Canadian Housing Market by Crescendo Realty
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Canadian home prices as measured by the seasonally adjusted Aggregate Composite MLS® Home Price Index (HPI) were flat on a month-over-month basis in February 2024, ending a ... More

Real Estate & Mortgage News

3/14/2024 | Posted in Financial Health by Crescendo Realty
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Renters face daunting barriers in their attempts to build wealth as they’re forced to devote an increasing share of their income to keeping a roof over their head. ... More

Real Estate & Mortgage News

3/13/2024 | Posted in Community by Crescendo Realty
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The value of Canadian farmland rose 11.5% in 2023, a new report by agriculture lending firm Farm Credit Canada has found. ... More

Real Estate & Mortgage News

3/13/2024 | Posted in Mortgages and Real Estate by Crescendo Realty
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The Canadian mortgage space is already seeing some rates on offer decline heading into the spring market, despite no clear indication yet from the Bank of Canada that interest ... More

Real Estate & Mortgage News

3/12/2024 | Posted in Rental Market by Crescendo Realty
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A new report says the average asking price for a rental unit in Canada was $2,193 per month in February, marking a 10.5 per cent jump year-over-year and the fastest annual growth ... More

Real Estate & Mortgage News

3/11/2024 | Posted in Commercial Real Estate by Crescendo Realty
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The Greater Toronto Area (GTA) condominium market has softened considerably since April 2022, especially during the past six months. ... More

Real Estate & Mortgage News

3/9/2024 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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The Bank of Canada elected to hold interest rates steady at 5 per cent. ... More

Real Estate & Mortgage News

3/5/2024 | Posted in GTA Real Estate by Crescendo Realty
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Greater Toronto Area (GTA) home sales and new listings were up on an annual and monthly basis in February 2024. Selling prices also edged upward compared to a year earlier. ... More

Real Estate & Mortgage News

3/5/2024 | Posted in Financial Health by Crescendo Realty
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Equifax Canada says consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023. ... More

Real Estate & Mortgage News