The GTA housing market is not what the averages suggest

The average 30-year fixed-rate mortgage rose eight basis points to 6.66% over the past week, casting an ominous shadow on the back half of the summer homebuying season. That’s according to Freddie Mac’s weekly rate survey, which showed the 30-year rate is now just six basis points lower than where it stood a year ago….

As part of the government’s Cladding Safety Scheme, funding will be made available to the highest risk buildings under 11 metres. Since major cladding issues are less common in lower-rise buildings, they are not covered by existing leaseholder protections. However, leaseholders face large bills to fix safety issues not of their doing. Dangerous cladding will be removed from…

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Dave:Orphe, welcome back to On the Market. Thanks for joining us again. Orphe:Thanks for having me. Dave:Well, I want to start with a report that your team put out because I’ll just be honest, I liked the headline. It said, “Home shopping season shows signs of life as sales new listings rebound.” So tell us…

The week saw brokers pursue acquisitions, regulatory approvals and expansion into new markets while adapting to evolving regulations. Authorities in Europe and Australia stepped up oversight, as firms also accelerated AI adoption and platform upgrades to strengthen their competitive positions. IG Group asked shareholders to approve a new Jersey-incorporated holding company while reporting an 18%…