The Bank of Canada’s recent decision to keep the interest rate steady at 2.25% sends a clear message of stability to Canadians, especially those involved in the housing market. This move is expected to strengthen confidence among homebuyers, builders, and municipalities, creating a positive ripple effect across the entire economy. Understanding how this interest rate decision impacts the housing market can help buyers, sellers, and industry professionals make informed choices
Ontario continues to face a significant housing shortage, particularly in the rental market. While much of the attention is focused on large condominium and apartment developments, an important opportunity is emerging for small-scale developers, builders, and investors: multiplex rental housing. The combination of zoning reforms and CMHC's MLI Select for multiplex project financing program is creating a pathway for smaller developers to enter the purpose-built rental housing
Building a custom home or undertaking a major renovation is one of the largest investments most homeowners will ever make. Yet after more than 20 years in residential design and construction, I've noticed something surprising: The most expensive mistakes rarely happen during construction. They usually happen long before construction even begins. The decisions made during the planning stage often determine whether a project becomes a success or a costly headache. Here are the
