Resources and insights

Discover Expert Insights and Pro Tips on Real Estate Trends.

What the Federal Government’s New Mortgage Rules Mean for Homebuyers

September 17, 2024

What the Federal Government’s New Mortgage Rules Mean for Homebuyers

Find how the federal government's new mortgage rules, effective December 2024, impact homebuyers in British Columbia. The new 30-year amortization and increased insured mortgage cap up to $1.5M aim to improve affordability in Vancouver's competitive housing market.

Financial Challenges Facing Immigrants in Canada: Housing, Credit, and Money Management

September 17, 2024

Financial Challenges Facing Immigrants in Canada: Housing, Credit, and Money Management

Discover the financial challenges new immigrants face in Canada, including issues with credit scores, housing affordability, and money management skills, as revealed by a recent Money.ca survey.

Canadian Housing Market in a Holding Pattern as Buyers Wait for Lower Interest Rates

September 17, 2024

Canadian Housing Market in a Holding Pattern as Buyers Wait for Lower Interest Rates

Canadian housing market remains in a holding pattern as buyers await lower interest rates. Discover the latest insights on home sales, interest rate cuts, and regional supply trends across Canada, including British Columbia and Alberta.

The Impact of Institutional Investors on Real Estate Agents‍

September 16, 2024

The Impact of Institutional Investors on Real Estate Agents‍

Institutional investors are transforming the Canadian real estate market, bypassing traditional agents, driving up competition, and reducing opportunities for smaller real estate agents. Explore how agents can adapt to survive in a landscape dominated by financialized landlords.

Are Financialized Landlords Driving Rent Increases Across Canada?‍

September 11, 2024

Are Financialized Landlords Driving Rent Increases Across Canada?‍

Are financialized landlords are driving up rents in Canada? Discover how corporate entities like REITs and private equity firms are reshaping the rental market, contributing to the country's housing affordability crisis.

Canadian Investors Lead US Real Estate Market Despite Global Slowdown

September 10, 2024

Canadian Investors Lead US Real Estate Market Despite Global Slowdown

Canadian buyers lead foreign real estate purchases in the US, outpacing other international groups despite a global slowdown. Learn why Canadians are finding value in US vacation and investment properties, particularly in Florida, Arizona, and Hawaii.

Third BoC Interest Rate Cut: What It Means for Buyers, Sellers, and Investors

September 9, 2024

Third BoC Interest Rate Cut: What It Means for Buyers, Sellers, and Investors

Find out how the Bank of Canada's third consecutive interest rate cut in 2024 impacts Canadian real estate. Understand its effects on homebuyers, sellers, and investors, and explore market trends with detailed analysis.

Canada’s Ban on Foreign Property Buyers: Understanding Its Impact

September 9, 2024

Canada’s Ban on Foreign Property Buyers: Understanding Its Impact

Find about Canada’s foreign property buyer ban, its impact on housing affordability, and how it affects the real estate market. Explore who is exempt, the types of properties included, and whether the ban will help solve the housing crisis.

Could U.S. Real Estate Commission Changes Impact Canada?

Could U.S. Real Estate Commission Changes Impact Canada?

Could falling U.S. real estate commissions impact Canada? Explore potential implications of U.S. commission changes on the Canadian real estate market, including potential commission decreases and increased competition for agents. Learn how Coldwell Banker Horizon Realty is adapting to industry shifts.

CMHC Reports 9% Decline in June Housing Starts

CMHC Reports 9% Decline in June Housing Starts

The Canada Mortgage and Housing Corporation (CMHC) reported a 9% decline in the annual pace of housing starts for June 2024, with notable decreases in Toronto and Vancouver. Despite strong growth in Montreal, the overall housing market faces challenges from high interest rates and weak pre-sale activity.

Investment Imbalance: Real Estate vs. Business Sectors in Canada’s Economy

Investment Imbalance: Real Estate vs. Business Sectors in Canada’s Economy

Discover how Canada's heavy investment in housing is impacting productivity growth and the broader economy. Explore policy recommendations to balance real estate investments with business sector growth for sustainable economic development.

Renters Brace for Impact: National Average Hits $2,185, But is the Market Cooling?

Renters Brace for Impact: National Average Hits $2,185, But is the Market Cooling?

Canadian rents hit a new high of $2,185, but is the market cooling down? Explore national trends, regional variations, and expert insights to navigate the changing rental landscape.

Space Squeeze Solved? BC Considers Single Stairwell Designs for Increased Design Flexibility

Space Squeeze Solved? BC Considers Single Stairwell Designs for Increased Design Flexibility

The BC building code is set for a major update, allowing buildings with only one stairwell (single egress stairs). This could lead to more family-friendly units, design flexibility, and potentially lower construction costs.

BCI Makes Strategic Shifts, Prioritizes Debt Investments Over Real Estate Equity

BCI Makes Strategic Shifts, Prioritizes Debt Investments Over Real Estate Equity

British Columbia Investment Management (BCI) is adapting its investment strategy for the changing market. Learn about BCI's shift towards real estate debt, private debt, and direct investments in companies, and their overall optimistic outlook for the future.

Real Estate Downturn Hits Canadian Pension Funds: Losses Mount

Real Estate Downturn Hits Canadian Pension Funds: Losses Mount

Canadian pension funds, once real estate titans, are revamping strategies due to market slumps. Rising interest rates and changing work patterns prompt diversification, collaboration and niche sector focus.

Rising Housing Costs Force First-Time Buyers to Rely on "Bank of Mom and Dad": CIBC

Rising Housing Costs Force First-Time Buyers to Rely on "Bank of Mom and Dad": CIBC

Rising housing costs are forcing many Canadians to rely on parental help to buy a home. This article explores the trend, its impact, and potential solutions.

Changes to Capital Gains Tax Hit Canadians Today (June 25th, 2024)

Changes to Capital Gains Tax Hit Canadians Today (June 25th, 2024)

anada's new capital gains tax rules take effect today, June 25, 2024. Understand the key changes, including higher inclusion rates, increased Lifetime Capital Gains Exemption, and the Canadian Entrepreneurs' Incentive. Learn how these changes might affect you.

Canadian Apartment Properties Real Estate Investment Trust Un Soars While Market Takes a Dive

Canadian Apartment Properties Real Estate Investment Trust Un Soars While Market Takes a Dive

Looking for an investment that bucks the trend? Canadian Apartment Trust (CAR.UT) soared while the market slumped, offering investors a chance at steady dividends and potential growth. Discover the reasons behind CAR.UT's success and see if it's the right fit for your portfolio.

Mortgage Affordability in Major Canadian Cities: How Much Income Do You Need?

Mortgage Affordability in Major Canadian Cities: How Much Income Do You Need?

Struggling to understand how much home you can afford in Canada? This in-depth look explores May 2024 data on minimum income needed for mortgages in major cities like Toronto, Vancouver, Calgary & Halifax.

Canadian Real Estate vs. Stocks: Historical Performance (1990-2024)

Canadian Real Estate vs. Stocks: Historical Performance (1990-2024)

Canadian real estate vs. stocks: a detailed analysis of historical performance. Is real estate still the king of investments? Explore the pros, cons, and considerations for each option to make informed investment decisions.

Report: $100,000 Infrastructure Cost Hides Behind New Home Price Tag

Report: $100,000 Infrastructure Cost Hides Behind New Home Price Tag

Canada's housing boom faces a hidden hurdle: $100,000 per home needed for infrastructure. Can innovative financing models bridge the gap and unlock affordable housing?

British Columbia Leads Construction Charge as Permits Hit Record High

British Columbia Leads Construction Charge as Permits Hit Record High

Canadian building permits surged 20.5% in April, the fastest monthly pace in 4 years. This surge offers hope for easing the housing shortage. Learn more about the impact on residential and non-residential construction.

OSFI Admits Imbalance in Mortgage Stress Test for Renewals: Changes Coming?

OSFI Admits Imbalance in Mortgage Stress Test for Renewals: Changes Coming?

Confused by the mortgage stress test at renewal? This article explores the imbalance between insured and uninsured mortgages, OSFI's response, and potential solutions for a smoother renewal process.

Can Factory-Built Homes Be a Game Changer for B.C.'s Housing Crisis?

Can Factory-Built Homes Be a Game Changer for B.C.'s Housing Crisis?

British Columbia's housing crisis demands solutions. Factory-built homes offer faster construction times, lower costs, and improved quality. Could they be a game changer?

2024 Global Investment Conference: Why Canada's Rental Market is Set to Boom

2024 Global Investment Conference: Why Canada's Rental Market is Set to Boom

Canada's housing market is creating a perfect storm for rental property investment. Soaring population, stagnant housing completions, and affordability concerns are driving demand for rentals. pen_spark

Canada's Rent Inferno: National Average Surpasses $2,200, But Not All Cities Burn Equally

Canada's Rent Inferno: National Average Surpasses $2,200, But Not All Cities Burn Equally

Canada's rental market is scorching hot! Average rents hit a record $2,202, but some cities are feeling the heat more than others. This article explores the national trends, regional variations, and offers insights for renters including Kelowna's unique position as a more affordable option.

British Columbia Outpaces Ontario in Home Construction, But Challenges Remain

British Columbia Outpaces Ontario in Home Construction, But Challenges Remain

British Columbia is leading the charge in home construction, outperforming Ontario on a per capita basis. However, the road to affordability remains bumpy. This article explores the surge in construction, the challenges of low single-family home starts, and industry pressures like labor shortages. pen_spark

Long-Term Mortgages for Developers? Leaked Memo Raises Questions About CMHC's 55-Year Plans

Long-Term Mortgages for Developers? Leaked Memo Raises Questions About CMHC's 55-Year Plans

Canada may extend mortgage amortization periods to 55 years for multi-unit developments, according to a leaked CMHC memo. This proposal raises concerns about potential impacts on affordability, long-term building sustainability, and the overall stability of the housing market.

Central Okanagan Sales Down By 20.64% In May 2024

Central Okanagan Sales Down By 20.64% In May 2024

The Central Okanagan real estate market saw a shift in May 2024, with sales dropping by 20.64% and listings increasing by 20.72%. This article explores the data, price trends, and what it means for buyers and sellers.

Should You Lock-in a Fixed Rate Mortgage Now, or Wait for Further Rate Cuts?

Should You Lock-in a Fixed Rate Mortgage Now, or Wait for Further Rate Cuts?

Canada's surprise rate cut has homebuyers wondering: fixed or variable rate mortgage? This guide explores pros, cons, and helps you decide what's right for you.

Bank of Canada Slashes Rates by 0.25% for First Time in Over 4 Years

Bank of Canada Slashes Rates by 0.25% for First Time in Over 4 Years

The Bank of Canada cuts interest rates for the first time in over 4 years, signaling a potential turning point in the fight against inflation. This article explores the implications for borrowers, the economy, and what to expect in the future.

Bank of Canada Rate Cut: How Much Can You Save on Your Mortgage Renewal?

Bank of Canada Rate Cut: How Much Can You Save on Your Mortgage Renewal?

The Bank of Canada's rate cut offers potential savings for Canadian homeowners with upcoming mortgage renewals. We will explore how much you could save and the potential impact on the real estate market.

US Economy Soars, Canada Stumbles: What Does it Mean for Your Property?

US Economy Soars, Canada Stumbles: What Does it Mean for Your Property?

The Canadian economy is underperforming compared to the US, with potential impacts on real estate. Learn how lower interest rates, economic uncertainty, and market dynamics could affect Canadian property values.

Canadian Economy Grows 1.7% in Q1: What Does it Mean for Housing?

Canadian Economy Grows 1.7% in Q1: What Does it Mean for Housing?

Canada's Q1 economic growth of 1.7% brings mixed signals for the housing market. Explore how interest rates, job market, and immigration might impact potential homebuyers and sellers.

Rent vs. Return: The Financialization Squeeze on Canada's Rental Market

Rent vs. Return: The Financialization Squeeze on Canada's Rental Market

Investors are snapping up rental properties in Canada, driving up rents and squeezing out tenants. This article examines the trend of financialization in the housing market and its impact on affordability.

Canada's Residential Mortgage Debt Sees Lowest Growth in Decades: CMHC

Canada's Residential Mortgage Debt Sees Lowest Growth in Decades: CMHC

Canada's residential mortgage debt growth slows to a 23-year low. CMHC report predicts a rebound fueled by lower interest rates, population growth, and rising disposable incomes.

Trudeau's Comments Spark Debate: Are High Housing Prices the Key to Retirement Security?

Trudeau's Comments Spark Debate: Are High Housing Prices the Key to Retirement Security?

Soaring Canadian home prices are making homeownership a distant dream for young adults, while the Prime Minister suggests high prices are necessary for retirement. Is this fair? Explore the intergenerational divide and potential solutions for affordable housing and retirement security.

Canadian Real Estate Profits Drop: Correction or Cause for Concern?

Canadian Real Estate Profits Drop: Correction or Cause for Concern?

Canadian real estate profits see a significant drop compared to historical highs, but is this a cause for concern? Dive deeper and discover why market fundamentals suggest enduring strength in the Canadian housing market.

Glenmore Drive Proposed for New 6-Storey Apartment Building

Glenmore Drive Proposed for New 6-Storey Apartment Building

A new six-storey apartment building with a mix of unit sizes and rooftop amenities is proposed for Glenmore Drive in Kelowna. The City Council will review the rezoning application to allow for this development. This article explores the project details, staff recommendations, and potential impact on the area.

Lakeshore Road 20-Unit Apartment Proposal Up for Review Again by Kelowna City Council

Lakeshore Road 20-Unit Apartment Proposal Up for Review Again by Kelowna City Council

The City of Kelowna Council will reconsider a proposal for a 20-unit apartment building on Lakeshore Road for the fourth time. The revised design addresses concerns about building aesthetics, traffic impact, and green space.

670 Below-Market Rentals Planned for Metro Vancouver in Phase 2 of Housing Partnership

670 Below-Market Rentals Planned for Metro Vancouver in Phase 2 of Housing Partnership

Explore B.C.'s latest plans to tackle Metro Vancouver's housing crisis. Learn about the next phase of the affordable housing program delivering 670 below-market rental units, government initiatives, and the role of Metro Vancouver Housing.

72% of Aspiring Home Buyers Delay Purchases, Await Rate Cuts

72% of Aspiring Home Buyers Delay Purchases, Await Rate Cuts

72% of aspiring Canadian homebuyers are postponing their purchase in anticipation of lower mortgage rates. This BMO Ipsos poll reveals how rising interest rates and financial anxiety are impacting the housing market. Learn more about the factors influencing homeownership dreams and the potential consequences for the market.

OSFI Warns of Potential Increase in Mortgage Defaults as Rates Rise

OSFI Warns of Potential Increase in Mortgage Defaults as Rates Rise

Are rising interest rates putting Canadian homeowners at risk? OSFI warns of a potential increase in mortgage defaults. This article explores the factors at play, including mortgage renewals, VRMFP mortgages, and what homeowners can do to prepare. Learn how to protect yourself in Canada's changing mortgage landscape.

New Housing Price Index April 2024: Alberta Leads the Charge, Other Regions See Mixed Results

New Housing Price Index April 2024: Alberta Leads the Charge, Other Regions See Mixed Results

The latest New Housing Price Index (NHPI) data for Canada reveals a slight national increase in new home prices, with Alberta leading the charge. This article explores regional variations, factors driving price changes (construction costs, population growth, market conditions), and the overall market outlook. pen_spark

Industrial Demand Stays Strong Despite Commercial Real Estate Slowdown

Industrial Demand Stays Strong Despite Commercial Real Estate Slowdown

Industrial real estate remains hot in Canada despite a slowdown in commercial investment activity. Investors and owner-users are driving demand, while office and retail sectors see mixed performance.

Refinancing Crunch Ahead? $203 Billion in Commercial Mortgages Near Maturity

Refinancing Crunch Ahead? $203 Billion in Commercial Mortgages Near Maturity

Canadian commercial property owners face a refinancing challenge with $203 billion in maturing debt over the next 3 years. Office properties, a struggling sector, hold a significant portion of this debt.

Kelowna Property Tax Due July 2nd, Bills To Arrive This Week

Kelowna Property Tax Due July 2nd, Bills To Arrive This Week

Kelowna property tax bills are arriving this week! Ensure a smooth payment process and avoid penalties by learning the due date (July 2nd, 2024), payment options, and how to save with the Homeowner Grant program.

Canada Pension Plan Investment Board Lowers Focus on Office Real Estate

Canada Pension Plan Investment Board Lowers Focus on Office Real Estate

Canada Pension Plan Investment Board (CPPIB) cuts office real estate holdings due to work-from-home trend and rising interest rates. Learn how this shift impacts the commercial real estate market and what it means for investors.

Is Canada's Hot Housing Market Cooling Down? Inflation Report Offers Clues.

Is Canada's Hot Housing Market Cooling Down? Inflation Report Offers Clues.

Canada's sizzling housing market may be facing a turning point. With inflation showing signs of cooling, the Bank of Canada could cut interest rates, impacting affordability and buyer activity. pen_spark

Where's the Boom? Canadian Housing Market Sees Flat Spring

Where's the Boom? Canadian Housing Market Sees Flat Spring

Spring is typically a hot season for Canadian housing, but 2024 is different. Rising interest rates and economic uncertainty are putting buyers on hold. Will the market pick up later in the year?

Ticking Time Bomb: 5-Year Fixed Mortgages in Canada Set to Explode

Ticking Time Bomb: 5-Year Fixed Mortgages in Canada Set to Explode

5-year fixed mortgages in Canada offered stability during rising interest rates, but a wave of renewals is coming. Learn how to prepare for potentially higher monthly payments. pen_spark

Is the Canadian Dream on Hold? Population Surge Threatens Housing Market Stability

Is the Canadian Dream on Hold? Population Surge Threatens Housing Market Stability

Canada's population boom is putting pressure on the housing market, particularly for first-time homebuyers. This article explores the factors driving the growth, the impact on affordability, and what it means for those looking to buy a home. pen_spark

Workforce Ready, Housing Lags: Canada's Construction Conundrum

Workforce Ready, Housing Lags: Canada's Construction Conundrum

Canada's construction industry has a record number of workers, but housing starts are lagging behind. Learn why there's a gap between worker availability and new home construction, and how it's impacting the housing market.

Will Falling Interest Rates Spur a Canadian Housing Market Comeback?

Will Falling Interest Rates Spur a Canadian Housing Market Comeback?

Canadian housing market: wait for lower interest rates or buy now? Explore the factors impacting potential homebuyers - affordability, market uncertainty, economic trends, and future predictions.

Canadians Unfazed by High Rates: Mortgage Debt Up Despite Borrowing Costs

Canadians Unfazed by High Rates: Mortgage Debt Up Despite Borrowing Costs

Canadians are back to borrowing, with a surge in real estate debt driving the increase. Is this a sign of a hot housing market? Learn what the latest statistics mean for potential home buyers and the overall Canadian real estate landscape.

Canadian Housing Market: A Sideways Wait-and-See Approach

Canadian Housing Market: A Sideways Wait-and-See Approach

Canadian home prices nudge up slightly but remain below last year's levels. Sellers wait for rate cuts, while buyers wonder if the market will dip further.

Canadian Renters Face Tax Time Surprise: Collecting for Foreign Landlords

Canadian Renters Face Tax Time Surprise: Collecting for Foreign Landlords

Canadian renters face a new burden: collecting taxes for foreign landlords. The CRA requires tenants to withhold rent & submit it to the CRA. This article explains the new policy, challenges for renters, and calls for change. Learn how to navigate this situation.

Exclusionary Zoning vs. Missing Middle Housing: Kelowna's Housing Challenge

Exclusionary Zoning vs. Missing Middle Housing: Kelowna's Housing Challenge

Kelowna's real estate market faces a challenge: limited housing options. Explore how exclusionary zoning restricts development and what you can do with a Kelowna real estate agent to navigate the market.

B.C. Real Estate Faces Tax Crackdown: $1.3 Billion in Unpaid Taxes Unearthed

B.C. Real Estate Faces Tax Crackdown: $1.3 Billion in Unpaid Taxes Unearthed

British Columbia's real estate market faces tax scrutiny. CRA unearths $1.3 billion in unpaid taxes. Learn more about the types of non-compliance identified and the impact of the crackdown.

Bubna Road Industrial Park Rezoning Approved: Kelowna Expands Industrial Footprint

Bubna Road Industrial Park Rezoning Approved: Kelowna Expands Industrial Footprint

Kelowna City Council approves the rezoning of land at Bubna Road for a new 60-lot industrial park development. This expansion of Kelowna's industrial footprint creates exciting opportunities for businesses and investors. Learn more about the project and its potential impact!

Kelowna Short-Term Rentals: New Rules, New Landscape

Kelowna Short-Term Rentals: New Rules, New Landscape

New provincial and municipal regulations have shaken up Kelowna's short-term rental market. Learn about the changes, how they impact property owners, visitors, and local businesses, and what the future holds for Kelowna's tourism industry.

Listings Surge 2.8%: Canadian Housing Market Cools, Offering Buyer Advantage

Listings Surge 2.8%: Canadian Housing Market Cools, Offering Buyer Advantage

Canada's housing market is shifting! Learn how a surge in listings (up 2.8% monthly) and stable prices are creating a more balanced market, potentially giving buyers an advantage. Discover what this means for you and contact Coldwell Banker Horizon Realty for expert guidance.

Canadian Housing Market Cools: Are You Ready to Buy as Sales Dip?

Canadian Housing Market Cools: Are You Ready to Buy as Sales Dip?

Canada's housing market is shifting! Sales are down and more properties are available, but is it a buyer's market yet? Learn how to navigate the changing market and find your dream home with Coldwell Banker Horizon Realty.

Housing Market Cooldown Offers Hope for Affordability, Rate Cuts: BMO

Housing Market Cooldown Offers Hope for Affordability, Rate Cuts: BMO

Canada's housing market is cooling down, offering opportunities for buyers! BMO's experts weigh in on how this slowdown might lead to increased affordability and even interest rate cuts. pen_spark

McKinley Gateway to Transform Kelowna's North-End with 671-Acre Development‍

McKinley Gateway to Transform Kelowna's North-End with 671-Acre Development‍

Kelowna's north end is getting a major makeover! Unveiling McKinley Gateway, a new 671-acre development promising diverse housing, high-end shopping, parks, schools & more. Learn how this community will transform the area!

Is Kelowna a Safe Real Estate Investment? City's Financial Health Says Yes

Is Kelowna a Safe Real Estate Investment? City's Financial Health Says Yes

Uncertain about investing in Kelowna real estate? The city's flourishing finances paint a promising picture! Discover how Kelowna's strong economy, low debt, and rising property values create a secure environment for real estate investment.

Canadian Government to Increase Capital Gains Inclusion Rate to 66% from 50%

Canadian Government to Increase Capital Gains Inclusion Rate to 66% from 50%

The Canadian Government's 2024 Federal Budget proposes a significant increase in the capital gains inclusion rate to 66% from the existing 50%, impacting investors and entrepreneurs.

B.C. Housing Targets: Most Municipalities Fall Short in First Six Months

B.C. Housing Targets: Most Municipalities Fall Short in First Six Months

Most B.C. municipalities fall short of new housing targets in the first six months. Kelowna's progress on reaching its target remains unclear. The Housing Supply Act is seen as a necessary step to address the housing crisis despite initial challenges.

Canada Building Permits Drop 12% Unexpectedly in March

Canada Building Permits Drop 12% Unexpectedly in March

Canadian building permits unexpectedly dropped in March, but what does this mean for the Kelowna real estate market? Coldwell Banker Horizon Realty dives into the national data and explores potential local impacts.

Frustration Mounts Over Delays in Accessing Property Documents: REALTORS® Push for Change

Frustration Mounts Over Delays in Accessing Property Documents: REALTORS® Push for Change

Delays in obtaining property documents are frustrating BC residents and realtors. The AIR proposes solutions to modernize municipal property information access for a smoother real estate experience.

Strong Job Market in Canada May Delay Interest Rate Cuts, Impacting Real Estate

Strong Job Market in Canada May Delay Interest Rate Cuts, Impacting Real Estate

Canada's booming job market may delay interest rate cuts, impacting the real estate market. Coldwell Banker Horizon Realty explains what this means for buyers and sellers.

Renting vs. Buying in Canada in 2024: A Detailed Look

Renting vs. Buying in Canada in 2024: A Detailed Look

Is it better to rent or buy in Canada in 2024? Get the facts on rental and resale market trends, including forecasted rent growth and resale activity. Learn how interest rates and affordability will impact your decision.

Spring Sees Sellers Return, Buyers Staying Cautious: RBC

Spring Sees Sellers Return, Buyers Staying Cautious: RBC

Canada's housing market sees cautious return of sellers in major cities. However, high interest rates continue to dampen buyer activity. Read for a breakdown of the national trends and RBC's forecast for interest rates and market recovery.

Bank of Canada Report Raises Concerns About Renters as Interest Rates Climb

Bank of Canada Report Raises Concerns About Renters as Interest Rates Climb

Rising interest rates are putting a strain on Canadian renters, according to the Bank of Canada. The report highlights increasing credit card debt and potential rent hikes. This article explores the impact on renters and offers tips for managing finances in this challenging market.

Renting in Canada: Rents Up 9% Year-over-Year, Vancouver Still Most Expensive

Renting in Canada: Rents Up 9% Year-over-Year, Vancouver Still Most Expensive

Renting in Canada continues to climb, with average rents up 9.3% year-over-year. Get the latest rent prices by property type (apartments, condos, houses) and explore affordable provinces and cities.

Kelowna Rents on the Rise: Up 2.9% Year-over-Year

Kelowna Rents on the Rise: Up 2.9% Year-over-Year

Kelowna rents climb at a moderate pace (2.9% YoY) compared to the national average. Explore average rents for 1 & 2-bedroom units, ranking vs other cities, and affordability tips!

New Canadian Policy Shakes Up Real Estate Industry: Transparency vs. Choice?

New Canadian Policy Shakes Up Real Estate Industry: Transparency vs. Choice?

A new policy by the Canadian Real Estate Association (CREA) requiring most property listings on MLS is sparking controversy. While some see it as a win for transparency, others argue it restricts seller choice and competition. Read for a detailed analysis of the policy and its potential impact on the Canadian real estate market.

National Housing Sees 32% Correction While Eastern Canada Surges

National Housing Sees 32% Correction While Eastern Canada Surges

The Canadian housing market is experiencing a geographical divide. Eastern Canada defies the national trend with ongoing growth, while other regions see corrections. Explore the reasons behind this phenomenon and get insights from Coldwell Banker Horizon Realty. pen_spark

Canada's $3 Trillion Commercial Debt Cliff: Strategies for Borrowers in a Rising Rate Environment

Canada's $3 Trillion Commercial Debt Cliff: Strategies for Borrowers in a Rising Rate Environment

Facing commercial real estate debt maturity in Canada? Rising interest rates and a shifting market create challenges. Learn proactive strategies to navigate expiring loans, secure financing, and thrive in this dynamic environment.

Is Canada's Booming Commercial Real Estate Market Facing a Slowdown?

Is Canada's Booming Commercial Real Estate Market Facing a Slowdown?

Canada's commercial real estate market, particularly office space, is seeing a rise in vacancy rates. While this may cause concern, especially for investors, this article explores the risk exposure for Canadian banks and financial institutions.

Rents in Canada Expected to Stay High for Longer, Impacting Inflation Fight‍

Rents in Canada Expected to Stay High for Longer, Impacting Inflation Fight‍

Canadian renters face extended period of high rents as inflation persists. Learn why rents are rising and how this impacts the Bank of Canada's fight against inflation. Get tips for renters in this challenging market.

Kelowna City Council Approves Rezoning Applications to Develop 307 New Units

Kelowna City Council Approves Rezoning Applications to Develop 307 New Units

Kelowna City Council approves initial stages of rezoning for five developments expected to bring 307 new units, mostly rentals, to the city. Learn more about the projects and the approval process.

Kelowna Property Taxes To Increase By 4.76% in 2024 City Budget

Kelowna Property Taxes To Increase By 4.76% in 2024 City Budget

Kelowna property taxes see a modest increase in the 2024 budget, alongside investments in infrastructure, public safety, and responsible growth. Learn how this budget impacts the real estate market and explore Kelowna homes with Coldwell Banker Horizon Realty.

Building Construction Price Indexes: Q1 2024

Building Construction Price Indexes: Q1 2024

Explore the trends in the Building Construction Price Indexes for Canada in Q1 2024, revealing moderate cost increases in residential and non-residential sectors.

50% Canadians Feel Low Confidence in Personal Finances Which May Impact Real Estate Market

50% Canadians Feel Low Confidence in Personal Finances Which May Impact Real Estate Market

Only 10% of Canadians feel financially secure. This record low confidence could impact the housing market. Learn how rising anxieties about finances and job security may affect buyer demand and housing prices.

Commercial Real Estate in Ontario and British Columbia: A Year in Review

Commercial Real Estate in Ontario and British Columbia: A Year in Review

Explore the changes in commercial real estate in Ontario and British Columbia in 2023, focusing on legislation, its impacts, and future predictions.

Canada's Housing Market in 2024: Buckle Up for a Bumpy Ride

Canada's Housing Market in 2024: Buckle Up for a Bumpy Ride

CMHC's forecast for Canada's housing market in 2024, uncovering challenges and opportunities in this dynamic landscape.

BC Residents: Tax Break for Vacant Properties Under $400k

BC Residents: Tax Break for Vacant Properties Under $400k

BC residents can benefit from a tax credit negating the vacant tax on properties valued under $400k. Learn eligibility and application details.

Canadian Housing Agency Predicts Rising Home Prices Despite Weak Economic Outlook

Canadian Housing Agency Predicts Rising Home Prices Despite Weak Economic Outlook

The Canadian Housing Agency forecasts a significant increase in home prices by 2026, despite a weak economic outlook. Learn more about the rising home prices and market contradictions.

60% Young Canadians Turning to Family for Help To Enter Housing Market: Statistics Canada

60% Young Canadians Turning to Family for Help To Enter Housing Market: Statistics Canada

Canadians relying on parents to buy homes - StatsCanada. 60% young adults co-own with parents. Toronto & Vancouver highest rates.

One Time Kelowna Property Tax Relief Proposed for Some Owners‍

One Time Kelowna Property Tax Relief Proposed for Some Owners‍

Proposed one-time Kelowna property tax relief for owners facing increased taxes after recent assessment updates.

Kelowna Growth Surpasses Projections: Certain Areas Hit 2040 Targets Early

Kelowna Growth Surpasses Projections: Certain Areas Hit 2040 Targets Early

Kelowna's urban development is surging past projections, with areas like Pandosy and Midtown reaching 2040 growth targets years in advance.

Peachland Council Considers 7.74% Property Tax Increase

Peachland Council Considers 7.74% Property Tax Increase

The details and implications of Peachland's proposed 7.74% property tax increase for the 2024 Financial Plan, focusing on community development and budget allocation.

Okanagan Real Estate Market Cools as Listings Surge 34%: A Buyer's Market Emerges?

Okanagan Real Estate Market Cools as Listings Surge 34%: A Buyer's Market Emerges?

34% surge in listings might reshape the Okanagan real estate market into a potential buyer's market in April 2024.

Peachland Poised for Housing Changes: What You Need to Know

Peachland Poised for Housing Changes: What You Need to Know

Peachland's housing is transforming under the new Homes for People Action Plan, read about impacts on zoning and real estate.

$2.5 Billion Wave of Real Estate Sales Incoming? Capital Gains Tax Increase Could Spark Market Activity

$2.5 Billion Wave of Real Estate Sales Incoming? Capital Gains Tax Increase Could Spark Market Activity

Capital Gains Tax Hike to Drive $2.5 Billion Real Estate Market Activity. Discover the expected changes, projected revenue impact, and market dynamics in this detailed report

Canada Announces Changes to Capital Gains Tax for Secondary Properties

Canada Announces Changes to Capital Gains Tax for Secondary Properties

The new changes to Canada's capital gains tax for secondary properties might affect your financial planning and real estate decisions.

Berkshire Hathaway's Real Estate Firm to Pay $250 Million in Settlement

Berkshire Hathaway's Real Estate Firm to Pay $250 Million in Settlement

Berkshire Hathaway’s HomeServices of America’s $250 million settlement could change the real estate industry, can increase transparency and potentially lower commissions.

1,000 Short-Term Rentals Might Exit the Central Kelowna Market

1,000 Short-Term Rentals Might Exit the Central Kelowna Market

New regulations might transform Kelowna's short-term rental market starting May 1, 2024. Get insights into the shifts expected in Central Okanagan's STR landscape.

New Middle-Income Housing Coming to Downtown Kelowna

New Middle-Income Housing Coming to Downtown Kelowna

New middle-income housing is coming to downtown Kelowna, promising affordable living for residents through the BC Builds Program.