Navin Ramnath
Royal LePage Signature Realty, Brokerage 154 Bathurst St. M5V 2R3 Toronto, ON, Canada

"Mortgage brokers say another reason for the spike in interest for homes in Durham is a significant drop in mortgage rates, which currently hover around 2%."

The Bank of Canada has made an emergency rate cut, cutting the central bank's benchmark interest rate by 50 basis points to 0.75 per cent.

Home sales surged 45.6 per cent year-over-year across the Greater Toronto Area in February as 7,256 homes traded hands, according to data released Wednesday by the Toronto Regional Real Estate Board.

Is using the Home Buyer's Plan a truly effective method for sourcing down payment funds, especially in Canada’s most expensive real estate markets? Let’s take a look.

The pick-up in activity combined with fewer homes on the market resulted in the average selling price rising 12.3 per cent to $839,363.