Ross Macdonald's Blog Posts

Buyer Activity Increases Slightly in JulyGreater Toronto Area (GTA) home sales in July 2024 were up compared to July 2023. While sales were up from last year, buyers continued to benefit from more

First-time buyers relying on gifted down payments more than everMortgage down payment gifts from family members remain a crucial factor for first-time homebuyers in Canada, even as the housing

Condo rents in Toronto region dip for first time in 3 years: UrbanationA new report says condo rents in Canada's mostly densely populated region have dipped for the first time in three years.The

Bond yields fall to 2-year lows, more rate cuts to followBond yields plummeted late last week as economic instability prompted investors to seek the safety of bonds.This surge in demand drove

Bank of Canada Announces Second Consecutive Policy Rate CutIn a scheduled announcement on Wednesday, July 24, 2024, the Bank of Canada reduced its target once again for the overnight lending rate

Tuesday, January 16th, 2024Market TrendsA resurgence of activity in Canada’s housing market is expected this spring, with sidelined buyers banking on a drop in interest ratesHigh interest

While the overall demand for housing remained buoyed by record immigration in 2023, more of this demand was pointed at the rental market. The number of Greater Toronto Area (GTA) home sales in

Tuesday, December 19th, 2023Market TrendsModest interest rate cuts expected to spur activity next year, leading to a rise in property pricesFollowing several years of unprecedented ups and downs,

Thursday, November 9, 2023Home ImprovementHow to winterize your lawn and gardenA lush lawn and blooming flower beds are the pride and joy of many homeowners. Canada’s harsh winters, however,

The Bank of Canada announced on October 25th it would be holding its key lending rate at 5.0%, the second consecutive hold since two quarter-point increases were made over the summer. Since March of

While many Canadians have adjusted to the increased cost of borrowing, elevated interest rates continue to impact activity in markets across the country, keeping some buyers and sellers stuck on the

874 Modlin RoadStunning, Bright, LakesideSemi-Detached HomeLocated in the beautiful Waterfront Community of Bay Ridges, PickeringIncluded with this home*All Kitchen Appliances (Stove, Refrigerator,

Bank of Canada Governor Tiff Macklem said his central bank is “getting closer” to raising interest rates as slack in the economy dissipates, in line with the forward guidance officials

If you’re planning on moving, you’re probably focused on how much your new home is going to cost. However, it’s also a good idea to understand the real costs associated with