MacDermott Holmes & Associates - News

What Canadians are saying about affordability

Posted on Jun 24, 2026

Housing affordability has improved in Canada's priciest market yet half of big city residents are still considering a move.

51% of residents in Toronto, Montreal and Vancouver would consider relocating to an affordable city for home ownership if they could find work there

Housing affordability has improved across many of Canada’s major cities in rece...

Bank of Canada keeps overnight rate at 2.25% as economy stagnates

Posted on Jun 16, 2026

In its fourth scheduled announcement of 2026, the Bank of Canada held the target for the overnight lending rate at 2.25%. This marks the fifth consecutive hold to interest rates since October of last year.As the conflict in the Middle East continues, elevated energy prices and ongoing supply chain pressures are contributing to higher inflation, ev...

Understanding Your Property Assessment Notice

Posted on Aug 28, 2023 in Homeownership

Receiving your annual Property Assessment Notice can be both informative and insightful, offering a glimpse into the value of your property in the current real estate market. This document, issued by the local assessment authority, provides an estimate of your property's worth, which serves as the basis for property taxes. Understanding this notice...

What You Need To Know Before Buying Foreclosure Property

Posted on Jul 24, 2023 in Buying Tips

Buying a foreclosure property can be an enticing opportunity, but it's important to proceed with caution and awareness. Foreclosures can offer attractive prices, but they also come with potential pitfalls. Before you dive into this market, here are some essential points to consider.

Firstly, thorough research is key. Understand the foreclosure proce...

5 Things to Consider Before Investing in a Rental Property

Posted on Jun 14, 2023 in Investing

Investing in a rental property can be a rewarding venture, but it's essential to make informed decisions to ensure success. Here are five key considerations before taking the plunge into the world of real estate investment.

Firstly, location matters. The area where your rental property is situated can greatly impact its potential for rental income a...

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