2024 Survey Highlights Mixed Sentiment Among Canadian Rental Developers
The Canada Mortgage and Housing Corporation (CMHC) released its 2024 Canadian Rental Housing Construction Survey in late November, offering a comprehensive look at the challenges and opportunities facing purpose-built rental developers across the country. The report indicates that Canadian rental developers see improving conditions in some regions, driven by slowing construction costs, strong rent...
Maximizing the Potential for Year-Round Rental Income from Winter Properties
Winter properties, such as ski chalets and mountain lodges, can generate excellent rental income during the peak winter season. However, to maximize your investment, it is important to have a strategy for year-round use. With strategic planning, effective marketing, and targeted upgrades, winter properties can be transformed into year-round revenue generators. This approach is particularly [...
Can Fixed Mortgage Rates Go Lower? Or Have They Bottomed?
With the Bank of Canada in a rate-cutting cycle, many Canadians expect mortgage rates to continue to drop. This may be true for variable mortgage rates since they track changes in the Bank of Canada rate. However, fixed mortgage rates do not directly follow the Bank of Canada’s overnight rate. Instead, they are tied to […]
CMHC Q3 2024 Financial Results Highlight Growth in Multi-Unit Insurance Products
Ottawa, November 29, 2024 – The Canada Mortgage and Housing Corporation (CMHC) has released its financial results for the third quarter of 2024, revealing a sustained increase in demand for multi-unit insurance products, driven largely by the continued success of its MLI Select program. As Canada’s sole provider of mortgage loan insurance for multi-unit residential […]
The Goode Condos: A Landmark Opportunity in Toronto’s Historic Distillery District
The Distillery District is a key part of Toronto’s history, but now it is also where the future begins. The Goode Condos is a sleek 32-storey development that plans to offer modern urban living within the Distillery District, one of the city’s most cherished neighbourhoods. This new development will blend history, innovation, and connectivity, to […]
Vancouver on Track to Meet Provincial Housing Targets
The City of Vancouver has published its first Annual Progress Report on its efforts to meet the provincial housing targets, marking a significant step toward addressing the region’s housing needs. Despite facing challenges such as rising interest rates, construction costs, and labour shortages, Vancouver’s development pipeline is on track to meet the provincial housing targets […]
The Ultimate Guide to Calgary’s Investment Properties: What You Need to Know
Calgary’s real estate market offers unique opportunities for investors looking to start or expand a real estate portfolio. Known for its relatively affordable property prices, steady population growth, and a diversified economy, Calgary has emerged as a highly desirable market in Canada. Partnering with a leading Calgary investment realtor can assist investors in identifying ideal […...
TRREB Calls for Ontario’s Landlord and Tenant Board to Take Action to Tackle Backlogs
The Toronto Regional Real Estate Board (TRREB) recently released a report “Breaking the Backlog: Restoring Fairness and Justice to Ontario’s Landlord and Tenant Board”, providing insights on systemic inefficiencies in the Landlord and Tenant Board (LTB) and their broader implications for Ontario’s housing market. Their report calls for a series of reforms aimed at improving […]
Beginner’s Guide to Buying and Managing Vacation Rentals
Vacation Rental Business Development If you are looking to invest in a vacation rental property to diversify your portfolio and earn extra income, it is important that you are prepared fully on how to manage and rent out your vacation property, so it can be a highly successful vacation rental business for you. The vacation […]