12/14/2024
Notice of Passing of Zoning By-law 70-24
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Notice of Passing of Zoning By-law 70-24
The City of Richmond Hill passed By-law 70-24 on November 13, 2024, under the Planning Act. An appeal to the Ontario Land Tribunal can be filed with the City Clerk by December 18, 2024. The By-law affects lands at 11592 Yonge Street, rezoning portions to "General Commercial (GC) Zone" and "Open S**c...
12/08/2024
Canadian Economic Indicators Challenge Mortgage Market Stability
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Canadian Economic Indicators Challenge Mortgage Market Stability
The Canadian economy is undergoing adjustments as the Bank of Canada revises its economic assessment due to mortgage market concerns. GDP revisions suggest the economy is near maximum capacity, potentially raising inflation rates. Real estate transactions rose by 30%, but benchmark home prices fell....
11/26/2024
New mortgage rules: Relief or risk for first-time buyers?
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New mortgage rules: Relief or risk for first-time buyers?
The federal government has changed mortgage regulations by increasing amortizations to 30 years for first-time homebuyers and raising the cap on insured mortgages from $1 million to $1.5 million. This aims to tackle affordability challenges, especially for young people in B.C. The changes are expect...
11/26/2024
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Home Evaluation Estimate
How much is your home worth? Type your property address and get a quick home estimate.
11/24/2024
How the Bank of Canada's Interest Rate Decisions Impact the Real Estate Market
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How the Bank of Canada's Interest Rate Decisions Impact the Real Estate Market
The Ontario real estate market has faced significant volatility due to fluctuating interest rates influenced by economic factors like inflation and global conditions. The COVID-19 pandemic initially disrupted economic stability, prompting the Bank of Canada to lower interest rates to stimulate growt...