CREA slashes forecast, First-time buyer prospects, FSRA fines agent, Development charges, More

Plunging rents boost first-time buyers – but big challenges remain View web version | Forward to a colleague 21 April 2025 Top News Plunging rents boost first-time buyers – but big challenges remain Lower rents could make it easier for new buyers to afford a downpayment, but home prices aren't exactly nosediving CREA cuts housing market forecast as tariffs disrupts recovery Trade instability drag March sales down, with prices also under pressure Premium 'AI isn't a silver bullet – it's a tool' Inside the AI 'arms race' of mortgage tech More News Ex-mortgage agent fined $30k for high-risk loans, undisclosed conflict Former agent arranged five short-term private mortgages tied to his brother's company Homebuyers are still bearing the burden of soaring development fees Improving supply and affordability have emerged as key election issues – but development costs now add up to $135,000 per home Global central banks brace for further rate cuts as tariff chaos continues Here's how the world's central banks are gearing up for the rest of the year International News Tariff tension sees big drop in March housing starts Single-family housing starts slide Directors expect brighter economic outlook in 2025 Fewer predict a recession as confidence lifts nearly 10 points in latest AICD survey Mortgage completions jumped 50% as buyers rushed to beat Stamp Duty changes Homebuyers face growing fees beyond deposits, survey finds Fourth major bank to cut fixed mortgage rates after central bank OCR reduction ASB slashes rates across multiple fixed terms Want to change how you receive these emails? You can manage your preferences or unsubscribe. © 2025 KM Business Information Canada Ltd. 317 Adelaide Street West, Toronto, ON Privacy | Conditions of Use | About us | Contact us

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