More Australian households could soon benefit from millions in government subsidies aimed at reducing energy bills and promoting a clean energy transition. As part of an expansion of its $144 million electrification initiative, the government has announced plans to extend community electrification projects across multiple states, potentially saving homeowners thousands of dollars annually. This initiative Continue reading
Real Estate
Potential Interest Rate Cuts in February Could Save Australian Homeowners Thousands Annually – What It Means for Your Mortgage and the Economy
Australian homeowners could soon see much-needed financial relief, with growing speculation that the Reserve Bank of Australia (RBA) may cut interest rates for the first time since 2020. With inflation easing and major banks in agreement, a rate cut as early as February 18 could put extra cash back into borrowers’ pockets, reducing monthly mortgage Continue reading
Canadian Military Launches Major Housing Expansion to Support Troops: 668 New Units, 600 Renovations, and Upgraded Facilities Across the Country
The Canadian Armed Forces (CAF) is tackling its long-standing housing crisis head-on with a nationwide initiative to expand and modernize military accommodations. In a significant move to improve living conditions for service members, Defence Minister Bill Blair announced plans to build 668 new residential units and renovate more than 600 existing ones at military bases Continue reading
Why Are Some Mortgage Rates Rising Even As Canada’s Lending Rate Falls?
When the Bank of Canada lowers its key interest rate, many expect mortgage rates to follow suit. However, while variable mortgage rates tend to decline, fixed mortgage rates can sometimes rise instead. This paradox has left many Canadian homeowners and potential buyers scratching their heads. Let’s dive into why this happens. Bank of Canada’s Latest Continue reading
CMLS Launches Aveo Flex 40: Canada’s Bold New 40-Year Mortgage Revolution
In a groundbreaking move for the Canadian mortgage market, CMLS Group, now part of Nesto, has unveiled the Aveo Flex 40, a 40-year amortization mortgage designed to offer flexibility and affordability to borrowers. Initially available in Ontario, Alberta, and British Columbia, this innovative product is expected to roll out nationwide soon, marking a major shift Continue reading
Canadian Real Estate Market Slumps: Ontario Leads the Decline
The Canadian real estate market is struggling to regain its footing despite lower interest rates and extensive government stimulus. Recent data from the Canadian Real Estate Association (CREA) shows that home prices continued their downward trend in December, with most provinces experiencing price drops. Ontario stands out as the hardest-hit province, plunging deeper into correction Continue reading
Montreal Rent Prices Predicted to Climb Over 5% in 2025
The Tribunal administratif du logement, Quebec’s housing tribunal, has announced its rent increase guidelines for 2025. These updates have significant implications for tenants and landlords alike. Here’s a breakdown of what to expect, along with key insights from tenant advocates and landlords. Average Rent Increases for 2025 Tenants in Quebec can expect significant rent hikes Continue reading
Secondary Suite Forgivable Loan Program 2025: A Boost for Housing Solutions
The Secondary Suite Loan Program is set to undergo a significant upgrade in early 2025, doubling its loan limit from $40,000 to $80,000. This initiative is designed to help Canadian homeowners create rental units like basement suites or laneway homes on their properties, providing an accessible financing option to address the country’s growing housing crisis. Continue reading
Canadian Mortgage and Real Estate Market Forecast for 2025
I hope everyone had a restful and joyful holiday season. As is tradition on this blog, the new year begins with a review of past predictions and a forward-looking analysis of what 2025 may bring in the mortgage and real estate markets. 2024 Prediction #1: The Bank of Canada (BoC) Will Substantially Reduce Its Policy Continue reading
Top Tax Incentives for Canadian Homeowners to Maximize in 2025
Owning a home in Canada can be expensive, but the good news is that there are numerous tax incentives available to help reduce housing costs and increase your savings. Whether you’re saving for your first home, recently purchased one, or made upgrades to your property, there are several credits and deductions you should know about. Continue reading