October 2022

The Friday Five: Real Estate News Roundup

Posted on Oct 28, 2022

We've officially reached the end of October and it seems the real estate market is right on board with spooky season this year.

This week, the Bank of Canada raised interest rates another 0.50%, to which we all said "boo". Oxford Economics shared its own scary stats, stating Canada is one of the most likely countries in the world to experience a hou...

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Ontario Government Moves to Increase Housing, Override Municipal Zoning

Posted on Oct 26, 2022

Yesterday, the Ontario government announced nearly 50 reforms aimed to override municipal zoning laws and increase the number of housing units in the province.

The proposed bill would allow up to 3 units to be constructed on one residential lot. For example, one lot could include a detached home with a basement apartment, plus a garden unit or a lan...

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The Friday Five: Real Estate News Roundup

Posted on Oct 21, 2022

Royal LePage: Q3 Home Price Update and Market Forecast

Despite the slowdown in market activity, Canadian home prices are still up more than 3% from 2021, and remain significantly higher than pre-pandemic levels.

Prices did however, decrease in the third quarter coming in 4.9% lower than Q2. This is a trend Royal LePage anticipates will continue, with...

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Housing Affordability Has Buyers Turning to Condos, Rentals

Posted on Oct 19, 2022

Condominiums may have taken a backseat to detached homes as buyers took advantage of record low interest rates, but it seems the tables have turned.

While the real estate market has faced a substantial slowdown over the past few months, the rise in interest rates has had a seemingly positive effect on the condo market as buyers have begun to seek ou...

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Haunted Hamilton Homes

Posted on Oct 12, 2022

In honour of Halloween month, we’ve rounded up some of the spookiest stories from around Hamilton. Think you know this city well? Read on to find out if you truly know all the gory details…

Hermitage House
A couple of decades before Hermitage House was built, the land was owned by Reverend George Sheed.Sheed purchased the property with the intention...

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The Friday Five: Real Estate Roundup

Posted on Oct 07, 2022

This week we learned it's not just the real estate market that's changing in Canada, but the way people live in and purchase their homes too.

Read on for the latest in Canadian real estate news:

Financial Post: Posthaste: Wealth is no longer about rich versus poor, but homeowner versus renter

New research indicates parental wealth and homeownership ma...

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