The Pros and Cons of Owning Multiple Investment Properties Owning an investment property can be a lucrative endeavour and, once you’ve gotten the hang of it, purchasing an additional property can be tempting. However, owning two or more income properties can end up being a bit of a juggling act. Each type of investment—from duplexes and apartments to Airbnbs, rental homes, and pre-construction properties—has their share of challenges with much to consider before diving in head first.

What the Bank of Canada’s “Shocking” Rate Hike Could Mean for Housing Markets Well, rates have, very quickly, gone back to more normal levels—the low 5% range. Moreover, the Bank of Canada’s messaging increasingly suggests they’re planning on very quickly getting to the mid-to-low 3% range on the overnight rate but then stopping there.

Can I cancel a real estate deal before closing? That is a very timely question, especially given that the real estate market is beginning to show signs of cooling down in parts of Ontario. After your offer to buy has been accepted and is no longer conditional, you might start rethinking your decision and want to cancel your purchase. People often refer to this as “buyer’s remorse.”

Whats is the National Housing Strategy? Canada’s National Housing Strategy sets ambitious targets to ensure that unprecedented investments and new programming deliver results. This initial target was 50% reduction in chronic and episodic homelessness, the government is now focused on entirely eliminating chronic homelessness in Canada, and as many as 530,000 households being taken out of housing needs. The National Housing Strategy will result in up to 125,000 new housing units and 300,000 repaired or renewed housing units.

Home Sales Forecast to Drop From 2021 Record High; Prices Still on the Rise The national average home price is forecast to rise by 10.8% on an annual basis to $762,386 in 2022. Price gains are forecast to be largest in the Maritime provinces, followed by Ontario and Quebec.

Canadian Housing Markets Will Begin 2022 with the Tightest Demand/Supply Conditions Ever Recorded On Wednesday, December 15, the Canadian Real Estate Association (CREA) released its national housing statistics for the month of November. Below, CREA’s Senior Economist Shaun Cathcart provides an update on the current state of housing markets in Canada and explains what the data means for REALTORS®.