The conversation around Canada’s capital gains tax has taken center stage, with recent proposals stirring debate and raising questions about their impact on individuals and businesses alike. For those navigating the real estate market in the Greater Toronto Area (GTA), understanding these changes and their potential implications is crucial. Let’s break it down. What Are Capital Gains and Why Do They Matter? Capital gains refer to the profit earned from selling an asset, such... [read more]

The latest data from the Canadian Real Estate Association (CREA) shows Canadian home sales activity spiked last month, reaching a level unseen since April 2022, and surpassing the 10-year monthly moving average. “The jump in home sales last month was definitely an October surprise, although with the big interest rate cut of 50 basis points announced during the last week of the month, the increase was more likely related to the surge in new listings we saw in September,” said... [read more]

In a bold move aimed at supporting economic growth, the Bank of Canada (BoC) has cut its policy rate by 50 basis points, bringing it down to 3.75%. This is the largest rate cut since 2020 and signals a significant shift in the Bank’s approach as inflation returns closer to the target range. But what does this mean for homebuyers, sellers, and investors? Why the Rate Cut Matters For the first time in over two years, the BoC has taken substantial action to lower borrowing costs. This... [read more]

Never have we seen so many changes in such a short time. This has been a month jam-packed with mortgage rule easing. Last week, the feds declared that starting Dec. 15, they’re boosting the property value limit for default insurance to $1,499,999.99, increasing the maximum amortization for all insured first-time buyers to 30 years and lifting the maximum amortization for all insured buyers of new construction to 30 years. What does that mean for you.... Borrowers got yet another round... [read more]

Listings surge met few buyers in April. What that means for spring housing market. A surge in new listings but a lack of demand from buyers is putting the Canadian housing market in its “most balanced” position since before the COVID-19 pandemic, the national real estate organization says. The Canadian Real Estate Association (CREA) said Wednesday that home sales fell 1.7 per cent between March and April. Sellers, however, were coming out of the woodwork to boost the number... [read more]