Noka Homes

12/29/2025

It’s all perspective: some wait for the crash, some use the crash to build wealth, some sail through the storm, some become the storm. I.N

10/10/2025

"Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time."

07/01/2025

"Wishing you a day filled with joy, laughter, and unforgettable memories as we celebrate the land of the free and the home of the brave. Happy Canada Day!"

07/01/2025

"Wishing you a day filled with joy, laughter, and unforgettable memories as we celebrate the land of the free and the home of the brave. Happy Canada Day!" 🇨🇦

03/30/2025

01/29/2025

Bank of Canada cuts key rate 0.25% but warns of tariff uncertainty

The Bank of Canada delivered a sixth consecutive interest rate cut on Wednesday but slowed the pace of its easing cycle.

The central bank also warned that Canada’s economy would be “tested” if the United States delivers on a threat to impose blanket tariffs on Canadian goods, and said there was more “uncertainty” in its outlook because of the looming trade dispute.

The Bank of Canada cut its benchmark interest rate by 25 basis points, bringing the policy rate down to 3.0 per cent. The move was widely expected by markets and most economists.

The quarter-point reduction marks a step down from the Bank of Canada’s moves to cut by an oversized 50 basis points in its two previous decisions.

10/31/2024

While the spring and fall markets have traditionally been the prime times to sell a property in the Greater Toronto Area, the off-peak seasons present their unique advantages. For one, there is generally less competition, as fewer properties are listed for sale during the heavy winter and/or smoldering summer months.

07/24/2024

The Bank of Canada has decreased its policy interest rate for the second consecutive time and signalled more cuts are coming if inflation continues to ease.

The 25 basis points reduction brings the overnight rate to 4.5 per cent, returning to levels not seen since June 2023.

07/09/2024

RISING SUPPLY LEVELS WEIGH ON HOME PRICES

Sales in June continued declining compared to the previous month and the same period last year. With 835 sales recorded this month, they remain below long-term averages and are consistent with the lower figures observed in recent years. This slowdown in sales is evident across all property types and in every area within the region.

“Higher interest rates and rising cost of living have impacted the housing market. Despite a recent rate reduction by the Bank of Canada, mortgage rates remain high, and potential buyers are likely waiting for further cuts or a shift in market conditions. Rising supply levels have reduced the sense of urgency experienced during the periods of low inventory, taking the pressure off home prices,” says Cornerstone Association of REALTORS® Spokesperson Nicolas von Bredow.

New listings in June reached 2,048 units, a gain over last year and high enough relative to sales to contribute to further inventory gains. June inventory levels trended up over last month and were 54 per cent higher than last year’s levels, which is well above long-term trends for the month.Inventory levels rose across all price ranges.

Gains in inventory relative to sales caused the months of supply to rise to nearly four months.Higher supply levels relative to sales took some pressure off home prices. In June, the unadjusted benchmark price was $849,900 a year-over-year decline of over two per cent.Despite the decline, year-to-date the average benchmark price has remained relatively flat compared to last year.

07/04/2024

June 2024 market stats!

06/04/2024

https://youtu.be/5YKHXwtPNY8?si=P7hGfFVzP2cNSWjJ