What’s In Store For Bank Of Canada Interest Rates In 2025
Dec 27, 2024 · As was the case in 2022 and 2023, the undercurrent of the past year was interest rates.Across eight announcements, the Bank of Canada (BoC) lowered the policy rate five times in 2024, including by 50 basis points in both October and December.We will ring in 2025 with a policy rate of 3.25%, which is the lowest it’s been in over two years.
Real Estate News in Canada | STOREYS
STOREYS covers the latest on the housing and real estate markets in Toronto, Vancouver, and the rest of Canada. Get all the latest real estate news from across the country.
What The GTA Housing Market Can Expect In 2025
Dec 12, 2024 · Driving this demand is, of course, lower borrowing costs, but also a healthy supply of inventory that has helped keep prices from increasing. But this dynamic could be thrown off, Mercer says, as we approach the end of the year and begin looking into 2026, if supply isn't sustained. "If we’re not seeing that new supply come down the pipeline we're going to get into a scenario where market ...
Ontario Now Allows Mass Timber Buildings Up To 18 Storeys
Jan 3, 2025 · 'Mass timber' has been something of a buzz-phrase in recent years, and it continues to strike a chord in 2025. In fact, the Ford government announced in April that it would be amending the Ontario building code to permit encapsulated mass timber construction up to 18 storeys. The amendment went into effect on January 1, 2025, and prior to this year, encapsulated mass timber buildings were ...
Bank Of Canada Pulls Trigger On 50 Bps Interest Rate Cut
Dec 11, 2024 · READ: Where Every Big Bank Stands On Wednesday's Interest Rate Announcement Economists with Canada’s ‘Big Five’ banks were largely forecasting a cut of 50 bps — with the exception of TD, where they have been sticking to their call for a quarter-point cut for months now. It’s worth noting that economists with BMO as well as Derek Holt of Scotiabank, while anticipating today would ...
Oakridge Park Shopping Centre To Open In Spring 2025 - STOREYS
Feb 7, 2024 · On Wednesday, QuadReal Property Group and Westbank announced that the new and improved shopping centre at Oakridge Park is on pace to welcome shoppers in spring 2025, with a roster of prestigious luxury brands set to call the retail hub home. Louis Vuitton, Prada, Brunello Cucinelli, Moncler, Versace, and MaxMara will make up the inaugural group of brands that will set up shop at Oakridge Park ...
Housing Starts Lagged In Canada's Six Largest Cities In 2024
Jan 16, 2025 · Closing out the year, the six-month housing trend was flat at 242,637 units, down a slight 0.7%. In cities with populations over 10,000, the seasonally adjusted annual rate (SAAR) for housing starts fell 14% in December to 214,000 units from 245,083 units in November, and in all areas, housing starts fell 13% to 231,468 units, compared to 267,140 units in November.
Landlord And Tenant Board Says Backlog Is Down 20% In 2024
Dec 10, 2024 · Ontario’s Landlord and Tenant Board (LTB) is contesting claims that they have over 53,000 cases waiting in the wings — a figure that has been cited in recent weeks by media and even the Toronto Regional Real Estate Board (TRREB). Media spokesperson with Tribunals Ontario Janet Deline explains that t...
Sleek 33-Storey Development Proposed For Toronto's Stockyards
Dec 27, 2024 · Toronto-based Diamond Corp has filed for a site-specific Official Plan Amendment (OPA) to admit the development of a 33-storey mixed-use building that would bring 429 residential units and 4,596 sq. ft of retail space to The Stockyards neighbourhood.. The application was submitted in mid-December, and is currently under review. If approved, the development would replace a vacant site that was ...
CREW Vancouver Welcomes New Board Of Directors For 2025
Jan 13, 2025 · Late last week, CREW Vancouver — the non-profit industry association dedicated to supporting women in becoming leaders in the world of commercial real estate — introduced its Board of Directors for 2025. Founded in 2005, the Vancouver chapter of CREW is celebrating its 20th anniversary this year, which has seen the chapter's …