Housing Prices: According to the Canadian Real Estate Association the average home price in the GTA reached $1,135,215 in October 2024. This shows a 0.8% increase year-over-year and 2.5% monthly growth. The City of Toronto itself saw a 3.4% increase in demand even though prices are still high. Outside Toronto it is still very mixed. […]

As of yesterday (December 16, 2024) the Canadian Finance Minister has resigned her position. I won’t get into the drama of it all but it seems the now resigned Finance Minister blames Justin Trudeau for the bad state of the Canadian economy and vice versa. After all this drama unfolded people seem to not want […]

2025 is going to be a big year in the Canadian mortgage industry. It is estimated across Canada that 1 million mortgages will be up for renewal. This can possibly have numerous outcomes: 1- More houses could enter the market in 2025 as people may not be able to maintain their current mortgage options. 2- […]