Legacy News

August 30, 2024 – Provincial Rent Report – Alberta – July 2024

August 20, 2024 – Demand, demand, demand’ Investment red hot in Calgary’s rental real-estate market

August 18, 2024 – First-time home buyers are shunning today’s shrinking condos ‘Is there any appeal to them whatsoever’

August 15, 2024 – Concerns for Canadian renters after two B.C. landlords allowed to hike rent by 23.5 per cent

August 15, 2024 – Real estate investing has taken a hit, but not all markets are the same

August 11, 2024 – Real estate insolvencies in Canada set to surpass levels of global financial crisis

July 24, 2024 – Rental rates in Canada grew seven per cent year-over-year

July 22, 2024 – The Toronto condo market is imploding during a housing crisis. Here’s how we got into this mess

July 16, 2024 – Toronto newcomers paying up to 12 months’ rent up front to secure housing

July 15, 2024 – Study finds more newcomers are considering moving to escape housing costs

July 9, 2024 – Posthaste Sellers are swarming Canada’s housing market — especially in these cities

July 7, 2024 –Investors trying to pull money out of commercial real-estate funds are hitting a wall

July 5, 2024 – Toronto is barely outbuilding Edmonton for new rental homes

July 4, 2024 – Toronto condo sales plummet 28% in June as sales crash across all property types

July 3, 2024 – Nearly four out of 10 Ontarians considering leaving due to cost of housing survey

July 2, 2024 – The condo market is tanking in Toronto and no one can find anywhere to live. Here’s one major reason why

June 27, 2024 – FIRST READING New population projections show a housing crisis with no end in sight

June 25, 2024 – Family fund $115K is the average gift for 1st-time homebuyers, CIBC says

June 20, 2024 – Skyrocketing rent Some Canadians saying goodbye to half their paycheque

June 20, 2024 – Most renters have no plans to buy a home in the near term Royal LePage

June 19, 2024 – Alberta’s rate of population growth led the country to start 2024 — even before $5K ‘moving bonus’

June 16, 2024 – Hoping to buy your first home It’s getting harder to qualify without help from parents

June 7, 2024 – Average asking rental price in Canada reaches record high report

June 6, 2024 – Average asking rents in Canada reach record $2,202 in May, says new report

June 4, 2024 – Comparison of Vancouver and Alberta real estate might ruin your day

June 3, 2024 – If interest rates start to fall this week, it’s go-time for dividend stocks

June 2, 2024 – High-earners in their 30s feel far from their dream of owning a family home in Toronto

May 30, 2024 – Half of Toronto, GTA residents would move to more affordable Canadian city Royal LePage

May 29, 2024 – Mortgage risks have likely more than doubled amid higher rates, CMHC says

May 28, 2024 – Trudeau says housing needs to retain its value

May 28, 2024 – Rising rents what $2,000 a month will get you in major Canadian cities right now

May 22, 2024 – Alberta most popular among Canada’s interprovincial migrants Statistics Canada

May 21, 2024 – Inflation slows in Alberta, Calgary’s inflation the highest in Canada

May 16, 2024 – CIBC’s Benjamin Tal was one of the few to correctly predict the BoC’s rate moves so far this year. Here is what he’s forecasting now

May 15, 2024 – Calgary used to be regarded as affordable. Now, that advantage is slipping away

May 14, 2024 – RBC economist predicts two percentage points of BoC rate cuts in a year, with home price gains to follow

May 10, 2024 – April asking rent prices up 9.3% across Canada; as Ontario sees only decline report

May 10, 2024 – Toronto’s offices are emptying out. The city wants to know what to do with them

May 9, 2024 – Domestic Investors “Dominated” Q1 Sales Of Canadian Income Properties

May 9, 2024 – Bank of Canada warns of steep jump in mortgage payments

May 5, 2024 – Rural communities near Calgary could see influx of residents in coming years, says study author

May 5, 2024 – Provincial governments facing higher debts and more financial pressure

April 26, 2024 – Why the smart money is buying single-family homes

April 25, 2024 – Why Canadian mortgage rates may be stealthily heading higher

April 25, 2024 – Calgary’s homes market expected to see strong price growth

April 25, 2024 – Forget rate relief Most Canadians with mortgages are about to see their interest payments soar

April 11, 2024 – Rent control ‘loopholes’ have seen Ontario rents rise three times higher than guidelines, report finds

April 11, 2024 – Canada needs to build 1.3M additional homes by 2030 to close housing gap, says PBO

April 11, 2024 – Freeland announces housing affordability measures for first-time buyers, current owners

April 10, 2024 – The real reason the Bank of Canada wants to hold off cutting rates as long as it can

April 8, 2024 – Canada’s housing crisis poised to worsen without major reforms, RBC report says

April 8, 2024 – ‘Extremely stressful for Canadians’ Housing affordability unlikely to improve anytime soon, RBC says

April 4, 2024 – Apartment rents are so high in Calgary, they’re approaching Toronto numbers CMHC

April 4, 2024 – Ottawa launches $1.5-billion fund to protect existing rental apartments

April 3, 2024 – Vancouver is in a ‘full-blown crisis’ for housing affordability Report

April 3, 2024 – For real estate preconstruction buyers, a hard truth

April 3, 2024 – Province’s rebate changes could mean higher costs, rents property managers group

April 3, 2024 – Relief could be coming as Canadians experience “the toughest time to afford a home” RBC

April 2, 2024 – Homebuyers facing ‘toughest time ever’ to buy a home economist

March 29, 2024 – Ottawa has proposed a renters’ bill of rights. Will it help

March 28, 2024 – Edmonton’s new housing construction dipped in 2023 as Alberta’s population booms

March 27, 2024 – Federal government promising a ‘renters’ bill of rights’ in upcoming budget

March 27, 2024 – Canadian businesses say housing crisis is forcing them to boost pay survey

March 25, 2024 – The Owl – Different markets, different directions

March 25, 2024 – Home sellers forced to confront new market realities this spring

March 23, 2024 – Albertans struggling to find place to rent survey

March 22, 2024 – B.C. rents softening, as West Coast renters flee for Alberta Report

March 12, 2024 – Ontario Teachers’ returns disappoint as markets soar and interest rates hit real estate

March 11, 2024 – Rents in Alberta growing faster than any other province in Canada

March 11, 2024 – Why rent inflation is much higher for rental apartments than for condos

March 9, 2024 – Co-living arrangements offer more than cost-savings, roommates say

March 1, 2024 – I’m losing money on my rental property, which has a 420,000 mortgage and a 7.9 interest rate. Should I sell

February 29, 2024 – Posthaste Sidelined homebuyers just waiting for the Bank of Canada to cut rates

February 28, 2024 – Lethbridge renters feeling ignored, facing safety issues with Avenue Living

February 28, 2024 – Affordability hack Half of Canadians consider alternative home buying methods

February 21, 2024 – Posthaste There’s one big factor keeping the Bank of Canada from cutting rates

February 20, 2024 – Posthaste Canada’s housing correction has likely run its course, say economists

February 15, 2024 – Rental rates in Edmonton, Canada skyrocket while vacancy rates dip

February 15, 2024 – New home construction in January was down 10% from December, says CMHC

February 14, 2024 – Rent hits another record high in January as average asking price reaches $2,196

February 8, 2024 – Posthaste Buyer’s remorse Homeowners in these cities are counting their losses

February 8, 2024 – Why are all your friends moving to Alberta New report has some ideas

February 7, 2024 – Is it cheaper to rent or buy a house with a monthly mortgage in Canada Prices analyzed in 26 markets

February 7, 2024 – Why the final stretch of the inflation fight is perilous

February 6, 2024 – Bank of Canada’s Tiff Macklem spells out limits of monetary policy, says interest rates won’t solve housing affordability

February 6, 2024 – Posthaste Sorry Canada, this kind of inflation is sticking around — and it’s huge

February 3, 2024 – Real estate receiverships on the rise in Canada as projects stall

February 1, 2024 – Interest rates – high or low – won’t solve housing problems, Macklem says

January 31, 2024 – ‘Incredibly stressful time’ Rents continue to rise in Greater Victoria, with low vacancy rates

January 31, 2024 – Rent prices soared in 2023 as Canada saw lowest vacancy rate on record

January 31, 2024 – Average rent for two-bedroom apartment hits nearly $1,700 as Calgary’s vacancy rate plummets

January 30, 2024 – LILLEY Chow’s budget means some renters are more equal than others

January 28, 2024 – The office apocalypse will see a wave of buildings demolished or converted to residential, New York City real estate exec says

January 26, 2024 – Posthaste The coming recession will be a tale of housing versus commodities

January 24, 2024 – ‘The BoC wants to pop the housing bubble’ How economists and markets are reacting to Wednesday’s rate decision

January 23, 2024 – Calgary home prices to rise 6.5% in a seller’s market CREB 2024 forecast

January 19, 2024 – Blackstone bids to acquire Tricon Residential in US$3.5B deal

January 18, 2024 – CIBC’s Benjamin Tal on interest rates, home prices and the No. 1 risk to the economy

January 18, 2024 – Calgary rent rose ‘astronomically’ over the past two years, and there’s no end in sight

January 16, 2024 – ‘Risk of a second wave increasing’ What the inflation numbers mean to the Bank of Canada

January 15, 2024 – Canada’s ‘coiled up’ housing market to see rebound year, with price gains into 2025, CREA predicts

January 15, 2024 – Mortgage holders say they can make higher payments as Canadians cut spending survey

January 12, 2024 – Ministers say feds working to stabilize immigration levels amid housing pressures

January 8, 2024 – Real estate prices have dropped in many Ontario markets since June. These are the communities with the biggest declines

January 5, 2024 – How bad will the coming recession be for Canada

January 3, 2024 – Calgary’s rising housing prices, low inventory likely to persist in 2024 CREB

January 3, 2024 – Six BoC rate cuts, lower home prices, sticky wage growth What TD’s chief economist sees for 2024

December 28, 2023 – Housing Affordability Reaches Worst-Ever Level In Canada

December 22, 2023 – The OWL – That’s a Wrap

December 19, 2023 – Canada’s population booms by 430K over 3 months. What’s behind the spike

December 15, 2023 – Bank of Canada’s Macklem talks down interest rate cuts, but says 2% inflation ‘now in sight’

December 14, 2023 – Posthaste Get ready for the ‘great adjustment’ in Canada’s housing market

December 14, 2023 – Calgary house prices projected to climb 8% next year; median cost of detached home could top $800,000

December 13, 2023 – Canadians are paying highest portion of disposable income toward debt on record

December 12, 2023 – Breakenridge Rent control bill won’t fix the lack of supply

December 8, 2023 – The Owl – Weekly Wrap: The interest rate waiting game

December 7, 2023 – Bank of Canada says immigration hasn’t added to inflation, but has hit housing market

December 7, 2023 – The party is ending for GICs

December 5, 2023 – TRREB Elevated Borrowing Costs Taking a Toll on Housing Affordability

December 1, 2023 – To build more rental housing, developers say they need this to happen

November 30, 2023 – Big banks announce layoffs and more bad loans as TD, Royal and CIBC post quarterly results

November 28, 2023 –Scotiabank expects credit losses to worsen with over $200B in mortgages coming up for renewal by 2026

November 23, 2023 – 3 tax changes in the fiscal update you may have missed

November 23, 2023 – Higher interest rates have investors rethinking REITs’ role as a portfolio staple

November 22, 2023 – Posthaste Here’s what it will take for the Bank of Canada to cut rates — and when it might happen

November, 21, 2023 – Canada’s inflation rate slowed to 3.1% in October, but rents surge

November, 21, 2023 – Six highlights from the fall economic statement as Canadians struggle with affordability issues

November , 21, 2023 – Fall Cooldown 

The annual inflation rate cooled largely as expected to 3.1% last month—down from 3.8% in September

November 16, 2023 – As millions of mortgages approach renewal, what will Canada’s real estate market look like

November 15, 2023 – Housing market has gone into ‘hibernation’ CREA says, with lower sales, listings and flat prices

November 13, 2023 – Average Canadian rent price hits new high for sixth consecutive month report

November 8, 2023 – ‘This is a huge blow’ Toronto’s empty office space crisis worsens as WeWork teeters on bankruptcy

November 6, 2023 – Epiphany Legacy Investment Mutual Fund Trust Q3 2023 Distribution

November 2, 2023 – Toronto Real Estate Prices Drop Over $20k As Listings Surge 38% Higher

November 2, 2023 – New listings up, sales down as high interest rates freeze out first-time homebuyers, say new TRREB numbers

November 1, 2023 – Upcoming mortgage renewals part of why Bank of Canada held rate at 5% 

October 30, 2023- Trudeau’s bashing of real estate investors shows lack of understanding about housing

October 27, 2023 – Bank of Canada hold means ‘suffocating’ mortgage payments to stick around

October 26, 2023 – Bank of Canada expected a steeper home price decline. Why it could still come

October 25, 2023 – 3% by the end of 2024. What economists say about Bank of Canada’s latest rate decision

October 25, 2023 – The Owl – Holding the line: A “hawkish” rate pause and growth downgrade

October 24, 2023 – Posthaste: Canadians finding mortgage payments ‘very difficult’ have doubled since March

October 23, 2023 – More Canadians struggling with monthly mortgage payment Angus Reid survey

October 17, 2023 – I started with $224K in December 2021, and now have just $195K.

October 17, 2023 – Homeowners on the brink face tough choice of selling home as mortgage payments climb

October 17, 2023 – Canadian government ‘actively examining’ options to crack down on short-term rentals Freeland

October 14, 2023 – An infinite mortgage? Not so fast says federal regulator

October 14, 2023 – Rental rage Canada’s average rent rates spike to nine-month high

October 14, 2023 – Average rent went up another 11% in past year

October 13, 2023 – Canadian home sales slumped again in September — and benchmark price went down, too

October 12, 2023 – Canada’s gap between homebuilding and population growth has never been wider

October 12, 2023 – Private sector won’t do it so governments have to build housing – CCPA

October 12, 2023 – I always planned to retire at 65 – until I started thinking differently

October 12, 2023 – Fraser Institute News Release Housing completions not keeping pace with population

October 11, 2023 – Toronto’s condo king on why now is the best time to invest in real estate

October 8, 2023 – How interest rates will drive Canada’s housing market in coming months

October 5, 2023 – A 47-year mortgage? They’re out there — and even longer ones could be coming

October 5, 2023 – Ottawa sees fewest housing starts in more than 25 years, CMHC 

October 4, 2023 – September surge in real estate listings forces Toronto sales

October 4, 2023 – Canada is building fewer homes today than during the 2020 lockdowns

October 3, 2023 – Bank of Canada warns of inflation ‘feedback loop’

October 3, 2023 – Posthaste: Condo sales are falling across Canada – except in these two markets

October 2, 2023 – Top headlines: Canadian home prices are too rich for higher interest rates, Paul Beadry says

October 1, 2023 – How expensive has Toronto housing become? Take a look at today’s reality compared to the boomer buyers of 1990

September 27, 2023 – Migrants are driving a population surge – and Alberta is the fastest growing province

September 27, 2023 – Immigration drive massive Canadian population increase Statcan

September 20, 2023 – Bank of Canada mulled rate hike in face of stubborn inflation

September 19, 2023 – The Owl – Ahead of the crowd – Alberta’s economy heading into 2024

September 18, 2023 – Posthaste: Why the Bank of Canada pause won’t save the housing market this time

September 14, 2023 – 7 years not enough to build the millions of homes needed to fix affordability, warns economist

September 13, 2023 – We need to get a lot of stuff built: CMHC finds Canada still short 3.5M housing units for 2030

September 12, 2023 – Rent is going up more than $100 a month right now pushing average asking price to new record

September 11, 2023 – Rise in interest rates leave Calgary landlords struggling to pay mortgages and cover costs

September 8, 2023 – Rent control — a short-term fix with long-term consequences

September 2, 2023 – Almost half of Canadians living paycheque to paycheque as Conservative support grows

September 2, 2023 – Borrowers at TD, BMO, CIBC see their mortgages balloon due to sharp rise in interest rates

September 1, 2023 – Canadians are buying homes with family or friends because they can’t afford anything on their own

August 31, 2023 – Varcoe: Population boom driving Alberta economy, even as provincial energy revenues dip

August 29, 2023 – Canada’s landlords now asking a record-breaking average of $2,078 per month

August 28, 2023 – More Canadian homeowners extend mortgage amortization periods

August 28, 2023 – Apartment REITs see higher revenues amid tight rental market. Will this spur new supply?

August 15, 2023 – Why inflation’s latest jump is bad news for the Bank of Canada

August 11, 2023 – Calgary rents increasing faster than anywhere else in Canada

August 9, 2023 – Posthaste: Housing market faces bumpy road amid high interest rates, RBC says

August 9, 2023 – Hundreds of thousands moving to Calgary, making city unaffordable

August 2, 2023 – Want to buy a house in Calgary? You’re not alone. Why the city’s booming despite high interest rates.

July 25, 2023 – Here is how much money you need to retire

July 15, 2023 – ‘When renting makes sense:’ Durham’s real estate columnist to longtime homeowners

July 14, 2023 – These are the five economic scenarios we may be facing — and they’re not as scary as you think

July 14, 2023 – Fidelity to join forces with Brookfield to launch private real estate investment funds

July 13, 2023 – Veteran Real Estate Investor: Don’t Worry About Interest Rate Hikes

July 10, 2023 – Bank of Canada expected to raise interest rate in the face of mixed signals

July 9, 2023 – Suburban housing’s pandemic gains affected more than just home prices in the cities

July 5, 2023 – Canada Adds Guidelines for Banks to Prevent Mortgage Defaults

July 4, 2023 – Downtown commercial vacancy rates continue to rise in Edmonton

July 3, 2023 – Stop bashing housing investors. Canada desperately needs them

June 27, 2023 – Inflation Slows in Canada, But Not Enough to Take Hike Off Table

June 27, 2023 – Lenders now seeing 60, 70, even 90-year mortgages as Canadians struggle with rocketing interest rates

June 20, 2023 – There’s a real crushing effect – Number of renters in Ontario rising alongside costs, housing index says

June 14, 2023 – Private real estate investor Hazelview sees surge in requests to cash out of $1.2-billion Four Quadrant fund – The Globe and Mail

June 12, 2023 – Posthaste Why the Bank of Canada will likely raise interest rates again — and maybe again

June 6, 2023 – Why the biggest landlord in Canada’s North has seen its stock price tank even as rents go up

May 30, 2023 – Real estate investors are retreating from the housing market at a record pace

May 30, 2023 – Why fixed-income investments are the better option than equities in this new financial era

May 30, 2023 – Posthaste More than half of Toronto new condo investors are losing money for the first time

May 30, 2023 – Renters might soon feel the pain as their landlords post losses. Here’s why

May 29, 2023 – Posthaste: These Canadian regions are headed for ‘city-cessions’ — a sign Canada may not be far behind

May 26, 2023 – RBC profit falls 14%, misses forecasts as banks set aside more money for bad loans

May 26, 2023 – Cold Lake is about to boom: Why that matters to millions of Canadians ahead of Alberta’s voting day

May 25, 2023 – Canadian Mortgage Delinquencies Begin To Climb, A Lot More Are Brewing

May 25, 2023 – Delinquency rates for credit cards and car loans are on the rise

May 25, 2023 – One in four Canadians plans to buy investment property in next five years – Royal LePage survey

May 25, 2023 – Time for the wrecking ball – Report warns Toronto’s glut of empty office towers could last at least two more decades

May 23, 2023 – Canada’s household debt is highest in the G7 and bigger than our GDP

May 23, 2023 – Households now owe more than Canada’s entire GDP, housing agency warns

May 18, 2023 – Bank of Canada is more worried than usual about debt loads

May 17, 2023 – Real estate prices on the rise again- RBC report forecasts the housing market corrction is over

May 16, 2023 – Rents up 9.6 per cent over 2022, average asking price now $2,002 in Canada

May 12, 2023 – Rental demand in Canada continues to outpace supply, rent in many cities soars year-over-year

May 9, 2023 – Bank warns mortgage delinquencies could rise by more than one third as homeowners struggle to make payments

May 8, 2023 – Posthaste – Looks like Canada’s housing market has finally turned the corner

May 4, 2023 – Canadians Are Falling Behind On Debt, Mortgage Issues Brewing

May 3, 2023 – Posthaste: Homeowners buckling under high interest rates as mortgage rates balloon

March 28, 2023 – Surplus or deficit – Here’s how the provinces stack up financially after budget season

March 23, 2023 – The Owl – Alberta remains migration magnet

March 22, 2023 – With economy on the rise, Alberta leads country in interprovincial migration

March 15, 2023 – Rent prices in Lethbridge increase 20.5 per cent compared to last year

March 15, 2023 – Ontario’s young adults are leaving the province in droves. The soaring cost of living is to blame

March 15, 2023 – Canadian home sales drop 40 per cent in February compared with year ago

March 9, 2023 – And now we wait – Quarterly Alberta economic outlook

March 8, 2023 – Pause button pressed – Policy interest rate stays at 4.5%

March 2, 2023 – Canadian Real Estate Affordability Got Worse With Higher Rates, What Gives?

January 31, 2023 – Alberta poised to outperform Canadian housing market in 2023 as population swells

January 26, 2023 – There are fewer apartments available to rent in Canada than at any time since 2001

January 26, 2023 – Rental vacancy at lowest levels since 2014

January 20, 2023 – Lethbridge 1-bedroom apartment rent up 17.5% year over-year
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January 13, 2023 –With low supply and high demand, Calgary home prices are trending up

January 12, 2023 – More people are moving to Calgary area than anywhere else on Prairies

January 3, 2023 – Canada sets immigration record in 2022 with 430,000 new permanent residents

January 2, 2023 – If you thought 2022 was bad, wait until you see what 2023 has in store for the economy

November 25, 2022 – Average rent in Canada up 15.4 % in 2022

November 18, 2022 – TFSAs to the rescue How to use the higher 2023 limit to play both offense and defense in your finances

November 16, 2022 –Rent is going up at a breathtaking pace, with no relife in sight-Here’s Why. 

November 13, 2022 –  Average Metro Vancouver rental price breaks $2,300 for one-bedroom apartment

November 12, 2022 – CBC The Bank of Canada is warning Canadians to brace for a rough winter

November 8, 2022 – Anxiety spikes over housing amid Canada’s plan to welcome 1.5M new citizens by 2027