In the News

  • Storeys Insiders | July 26, 2023

    Expert: Amid Recent Rate Hikes And The Summer Season, Market Recovery Stalls 

    In April and May, the Canadian housing market looked like it was poised for a comeback, heating up steadily after the Bank of Canada held steady on rate increases for a few months. May numbers (released in mid-June) showed a positive trend, with sales climbing a very respectable 5% month-over-month, new listings up by 6.8%, and the national average price up 3.2% year-over-year.

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  • Storeys Insiders | June 23, 2023

    How The Bank of Canada’s Rate Hike Impacts The Residential Housing Industry

    On June 7, the Bank of Canada (BoC) surprised economists and observers by announcing a 25-basis-point increase in the overnight lending rate, pushing it to 4.75%. The move aims to curb the continued expansion of the Canadian economy, which is still growing despite interest rates being at their highest level since 2001. One sector that closely watches these changes is the residential housing industry. With the central bank increasing interest rates, prospective homebuyers, homeowners, and real estate professionals are left wondering how this move will influence the housing market.

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  • Storeys Insiders | June 9, 2023

    Expert: Lip Service Alone Will Not Solve The Housing Crisis

    As spring reveals its blossoms, it brings forth a renewed perspective on the real estate landscape, highlighting the interplay between seasonal shifts and the ever-evolving dynamics of the housing market.

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  • Storeys Insiders | April 28, 2023

    In a Changing Market, Here’s How to Set Agents Up for Success

    It may be cliché, but nonetheless, this well-known quote should be the anthem for every real estate agent. Agents who entered the business 10 years ago, possibly even 15 years ago, have never known a down or recessionary market. Other than a few blips here and there, prices have steadily appreciated while supply has not kept pace with population growth, thanks in large part to immigration policy and major world events.

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  • Toronto Star | April 22, 2023

    Homebuyer’s Regret: Should there be a cooling-off period for buyers in a hot market?

    Ontario is considering a cooling off period for pre-construction house buyers — an interval for sober second thought on the implications of a pre-construction house purchase, even after they’ve signed a purchase agreement.

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  • Storeys Insider - column by John Lusink | March, 13, 2023

    Spring Thaw? Insider Provides Perspective Amid Dismal Predictions

    The chatter around real estate’s spring outlook for the housing market is still very much mixed, with the possibility of a recession, persistent low inventory, and unrelenting high interest rates continuing to dampen sales activity. Some pundits predict that prices will continue their downward trend this year, while others say there will be heightened competition among buyers and renewed upward pressure on prices once interest rates stabilize.

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