1. 10 Canadian Regions with Below Average Home Prices and the Homes you can Buy There
As Canada’s national home price average hit record peaks early in the year, the Bank of Canada sought to get inflation under control and began raising interest rates in March. Home prices have since suffered but initial progress towards lower prices was slow. We analyzed where you could buy a home below the national average price, to see which Canadian regions were the most affordable to buy a home in. Read the full report here.
2. What Happened Last Time Interest Rates Rose
As inflation hit historic peaks in early 2022, The Bank of Canada announced they were considering raising interest rates to try and wrestle it back under control (since March 2022, the interest rate has been increased seven times!). The last time interest rates were increased prior to this was back in 2018, when the Bank upped the rate by 0.25% three times throughout the year, leaving the rate at 1.75% by the year’s end. Here’s how those interest rate hikes impacted the Canadian housing market to better understand how the 2022 rate hikes will impact homeowners, buyers, and sellers. Read the full report here.
3. Where are the Most Affordable Places to Buy in the GTA?
In the early days of 2022 pandemic restrictions were still in place, causing many people to work from home. This led many people to consider moving out of the larger cities into smaller, rural areas. As working from home became a more popular option, fewer needed to live close to their offices and place of work, meaning homeowners could look a little further for places to live at, potentially, more affordable prices. Here are the five areas in the GTA with the most affordable home prices at the time of publication. Read the full report here.
4. Where Can you Buy a Home on a Single Income in Canada in 2022?
While home prices eventually softened after the peaks in early 2022, many major markets are still financially out of the reach for numerous Canadians. Buying a home is a challenge in itself, never mind doing it alone. We took a look at some of the major markets across Canada to understand which were the most affordable, and compared those prices to the average income of persons living alone to learn which would be most viable to buy a home. Read the full report here.
5. The Best Places to Buy Real Estate in Canada in 2022
We partnered with MoneySense to produce our annual Where to Buy Real Estate in Canada report. This report ranks the best places to buy in Canada based on price growth and value and does a deep dive into neighbourhood ranking as well to help Canadians make informed decisions about where to buy. The winner might surprise you! Read the full report here.
6. Where Could a Median Income Household Afford to Buy in Canada in 2022?
Similar to our report on where to buy a single income, we analyzed 20 Canadian real estate markets to understand which were most affordable for households earning a median income. Read the full report here.
7. Luxury Listings Across Canada and Their Sold Prices
While much of 2022 was dominated by affordability and interest rates, the luxury property market experienced a decline in inventory, leading many of the available properties to sell under the asking price. Canada has no shortage of stunning, high value homes all over the country. Here are some that recently sold along with their sale prices. Read the full report here.
8. Why This Might be the Best Time in 2022 to Sell Your Home
The January real estate market started off strong, with interest rates at their lowest rate of the year and buyers aplenty. With such a high demand for housing, and with inventory being at some of the lowest it had ever been, selling a home in the early part of last year may have been the right move, if you were looking for the maximum value possible. Will 2022 follow similar trends if rates begin to drop? Read the full report here to learn why winter may have been the best time to sell last year.
9. What’s in Store for Fall 2022? Zoocasa’s Market Predictions
Back at the beginning of fall, we made some predictions about how the market would pan out over the season, noting topics such as the influence of interest rates, sellers having increased motivation to move on from their current homes, and the declining luxury home market. Take a look to see how our predictions panned out. Read the full report here.
10. Real Estate Buyers Suffering from Overpaying: What’s all the FOOP About?
FOOP – the fear of overpaying, that is. As interest rates climbed throughout 2022, many buyers sat on the sidelines waiting to see how it would impact housing prices. Timing the real estate market is impossible, and many sidelines buyers were actually missing out on deals because 12 out of the 19 markets were selling below the average price. Take a trip down memory lane and learn how real estate markets were performing at the end of summer. Read the full report here.
Keep an eye on our Market Insights blog to learn about market trends and subscribe to our newsletter to get the information directly to your email. Ready to buy or sell now? Download our free Buyer’s and Seller’s guides to get you started and give us a call today to speak to a real estate agent in your area.