The Bank of Canada’s recent decision to cut interest rates has had a mixed impact on the Canadian real estate market. While rate cuts are typically expected to boost demand and stimulate market activity, the response so far has been underwhelming. Analysts are now looking closely at the potential long-term …

Canada's real estate market is experiencing a significant correction, a shift that has profound implications for buyers, sellers, and investors alike. According to Oxford Economics, this correction is far from over, with home prices expected to decline by an additional 10% by mid-2024. This anticipated drop will contribute to …

The Underused Housing Tax (UHT): A Misguided Approach?

In 2022, the Canadian government implemented the Underused Housing Tax (UHT), levying a 1% tax on residential homes not used as the owner’s principal residence for more than six months in the previous year. The aim was clear: alleviate housing market pressures …

MULTIPLE OFFERS ARE BACK.  As the 2024 real estate market in Nova Scotia heats up, a notable trend is emerging that's capturing the attention of both buyers and sellers: the prevalence of multiple offer situations. This phenomenon, increasingly common in today's competitive market, underscores the dynamics of …

The Canadian Real Estate Association (CREA) and several of its member boards are facing a class-action lawsuit, filed in January 2024, that accuses them of anti-competitive practices related to agent commissions. This legal action, known as McFall v. CREA et al., is essentially a Canada-wide expansion of the ongoing Sunderland …