Canada population grows by over 1 million for first time in history
3/23/2023 | Posted in Canadian Housing Market by Jessi Sandhu
How could the news impact the national housing market?
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Canada needs 300,000 new rental units to avoid gap quadrupling by 2026: report
3/22/2023 | Posted in Rental Market by Jessi Sandhu
Canada's rental housing shortage will quadruple to 120,000 units by 2026 without a significant boost in stock, Royal Bank of Canada said in a report Wednesday.
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Mortgage providers slash rates in wake of bond yield drop
3/20/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu
It took some time, but mortgage rates are now responding to last week’s plunge in bond yields stemming from fears about systemic financial risk in the U.S. and ... More
Wave of sidelined homebuyers plan to return to the market this spring
3/16/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Many Canadian homebuyers were sidelined after interest rates climbed to the highest level in more than a decade last year, but a new report found most individuals that ... More
Mortgage debt taking up a record share of income
3/14/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu
The latest data shows Canadians are spending 7.66% of their household disposable income on servicing their mortgage debt.
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Canadian home sales rise in February despite drop in new supply
3/15/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up on a month-over-month basis in February 2023.
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Bank of Canada rate cut now 'a near certainty'
3/14/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Bond markets predicting interest rates to fall – and possibly very soon
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Bank of Canada keeping options open but could be done on hikes: CIBC's Tal
3/9/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The central bank has left its policy rate untouched for the first time in over a year
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Bank of Canada holds key interest rate at 4.5 per cent
3/8/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada maintained its policy rate at 4.5 per cent, following eight consecutive rate hikes since March.
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The end is nigh for Canada's housing market downturn, RBC reports
3/8/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Royal Bank of Canada (RBC) has published its report and outlook on the country’s housing market and sees the market downturn headed towards its conclusion.
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'Record-high number' of Canadians don't think they'll ever afford a home: survey
3/7/2023 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
As home prices and interest rates remain elevated, a record number of non-homeowners think they’ll never afford a house, according to a new survey.
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GTA Home Sales and Listings Drop In February
3/3/2023 | Posted in GTA Real Estate by Jessi Sandhu
February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early 2022.
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BoC expected to hold interest rate next week, one year after aggressive cycle began
3/3/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
One year after the Bank of Canada's aggressive rate hike cycle began, economists widely expect the central bank will stick to its plan of holding its key interest rate ... More
Canada's foreign buyer ban putting housing developments on hold
3/2/2023 | Posted in New Developments by Jessi Sandhu
The federal government's foreign buyer ban aimed at making housing more affordable for Canadians is creating uncertainty for real estate developers, forcing some to put ... More
Nearly three-quarters of CIBC's variable-rate clients have reached their trigger rate
3/1/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu
Over 70% of CIBC’s variable-rate customers are seeing all of their mortgage payments go towards servicing interest costs.
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FHSA Is A Must Have For First-Time Home Buyers
3/1/2023 | Posted in First Time Home Buyers by Jessi Sandhu
Move over RRSP Home Buyers' Plan (HBP) - there's a new kid in town. The Tax-Free First Home Savings Account (FHSA) arrives on April 1st, 2023.
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RANKED #1 Re/Max agent donor for CMN SickKids Hospital
2/22/2023 | Posted in Community Involvement by Jessi Sandhu
Hot off the press! RANKED #1 Re/Max agent for CMN SickKids Hospital.
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SickKids Hospital Support - Endless Giving Gala by Jessi Sandhu
2/22/2023 | Posted in Community Involvement by Jessi Sandhu
Jessi Sandhu has successfully raised $450,000 for SickKids Hospital in 2021 and 2022 combined through Endless Giving Gala.
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Bank of Canada might need to raise rates if companies keep raising prices, Macklem warns
2/22/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Despite a decline in general inflation, grocery prices have increased at double the rate of everything else. That could mean more rate hikes ahead.
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Senate demands greater transparency from Bank of Canada
2/17/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
As it fights to regain the confidence it lost during the battle to control inflation last year, a Senate committee has demanded increased parliamentary supervision of the Bank ... More
BoC: Time to pause but there are no guarantees that will stick
2/16/2023 | Posted in Interest Rates by Jessi Sandhu
Governor Tiff Macklem set an optimistic tone in a speech Thursday but kept it real with warnings about potential headwinds
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Rents are soaring in Canada as surge of people goes undercounted
2/16/2023 | Posted in Rental Market by Jessi Sandhu
Canada’s explosive population growth from immigration is causing rents to surge in its biggest cities.
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Canadian home sales begin 2023 at 14-year low
2/15/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month-over-month basis in January 2023.
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What's next for variable-rate mortgages in 2023?
2/14/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu
One of the most prominent discussion points between brokers, agents and their clients, the fixed-versus-variable debate, took a significant swing in 2022 as a big trend of ... More
Canada needs to build 50 per cent more homes as Ottawa plans for higher immigration levels: report
2/14/2023 | Posted in Canada Living by Jessi Sandhu
As Canada prepares to ramp up immigration levels, a new report says the country will need to build 50 per cent more housing than what's already being planned.
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