Market Continues Recovering. Off Market Homes. First Time Buyer Income Tax Credit. Canadian Home Prices Expected to Rise until 2025

by Diana Winger

Canadian Housing Market Continues to Show Signs of Recovery

 
As homes selling in expensive markets outpace homes selling in more affordable markets, the national average price will appear to rise, which can skew how the data is interpreted. Watch as Shaun Cathcart, Senior Economist at the Canadian Real Estate Association (CREA), breaks it all down in the video below.  
 

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You may be eligible for the New to Canada program that can assist with the purchase of a home with just 5% down on homes under $500,000.

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First-Time Home Buyers’ Tax Credit (HBTC) - FEDERAL INCOME TAXES

 

CMHC Predicts House Prices to Increase by as Much as 89% by 2030 Across Canada

 

Will Ontario’s spring real estate market be hot or cold? Here are signs to watch for (Global News)

Ontario embraces new client verification measures to combat fraud, enhance security in real estate (Real Estate Magazine)

Multiple offers mounting for houses under $1 million in Toronto: real estate agents (CP24)

‘Attainable housing’ will be cheaper than ‘regular priced homes’: Ford (Global News)

Globe and Mail – It looks like renters are ditching Ontario

The Record – Waterloo used to be a housing champion. Can the city emerge from its slump?

Cost of living increases 17 per cent in Ottawa, home prices up 53 per cent: report (CTV News)

Toronto home prices up 42 per cent over last five years, cost of living up 17 per cent: report (CP24)

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Canadian Housing Market Continues Recovering; Home Sales on the Rise

Most Canadian mortgage owners concerned about payments, survey finds (BNN Bloomberg)

High living costs 'jeopardizing' financial security of renters, mortgage owners: survey (BNN Bloomberg)

Millions of Canadians fear delayed retirement, Co-operators poll reveals (Wealth Professional)

We could reach 2% inflation by this summer: National Bank (Canadian Mortgage Trends)

Mortgage rejections in flood zones (CTV News)

Real Estate Magazine – Property tax hikes spark outcry across Canada: Are homeowners being bled dry?

Real Estate Magazine – GER: Collaborative solutions for Canada’s housing crisis: Why non-profits are essential

Bloomberg – Canadians eager for homeownership, but down payments present another hurdle: report

Financial Post – What $1 million will buy you in Canada's housing market

Financial Post – Canadians jump into variable mortgages, bet on 'short-term pain for long-term gain'

Storeys – Will Canada really need 5.8M new homes by 2030?

Storeys – Quality of life worse for renters over homeowners, data suggests

Bank of Canada to cut interest rates in half by end of next year: Desjardins (Yahoo! Finance)

Identity and mortgage fraud on the rise (CTV News)

How barriers to homeownership are impacting young Canadians’ future plans (Global news)

National Bank sees delinquencies for its insured variable-rate mortgages rise to pre-pandemic levels (Canadian Mortgage Trends)

Financial Post - MCLISTER: Are you ready to start climbing the property ladder? This checklist will help you find out

If the 2000s have taught us anything, it’s that buying and holding a quality primary residence is a cheat code for tax-free equity gains.  Looking back at every 12-month span since 1980, home prices have risen an average of 5.78 per cent. That means, if you’re adequately qualified and financially fit, getting on the property ladder earlier in life can put you on the fast track to a secure retirement.

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Real Estate Magazine – Canadian homeowners face declining property values: Point2 study reveals significant losses

Reuters – Canada's extension of ban on foreign real estate buyers labelled political, not practical

Financial Post – A deeper dive into the CRA's rules around using a tax-free FHSA to buy a home

Financial Post – Sidelined homebuyers just waiting for the Bank of Canada to cut rates

Canadian Mortgage Professional – Canadian home prices expected to rise until 2025

 

Diana Winger, REALTOR® CNE, SRS, SRES, ABR

Mortgage Agent, Level 1 Valko Financial LTD #13047

eXp Realty | Dominion Lending Centres |  226-705-3369 | 250-588-8839

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WingerRealEstate.com

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