| You know who believed that numbers are the highest degree of knowledge? Some guy called Plato. | | 4.75%
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Canada's policy rate after the (long-awaited) June interest rate cut. And the first time in a year the rate has been under 5%. | | 60 Months
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The average lease term for office deals in Canada in 2023.
18,612
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The number of new listings in the GTA in May, marking a 21% increase year over year.
42.5%
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The sale-to-new-listings ratio in Greater Vancouver in May, indicating that the market is moving in favour of buyers.
25 Minutes
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The time it now takes to drive between Jarvis and Dufferin (approximately five kilometres) along the Gardner, up from 11 minutes before construction on the aging highway forced lane closures that are expected to last until 2027.
$2,200
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The record-breaking average rent Canadians are paying, according to Rentals.ca and Urbanation.
60%
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The percentage of Canadian mortgage holders who aren't consulting a broker before renewing or refinancing. Here's how to stay out of that stat.*
*Sponsored content | | | | "The first cut may not necessarily be the deepest, but it is the most significant, as it marks the official turning point after more than two years of restrictive policy." | | – BMO Economist Douglas Porter | | | | Are you on top of Canadian real estate news? Let's find out. (Answers are at the end of this newsletter.) | - When was the last time the Bank of Canada cut the policy interest rate? (Bonus points if you can name the world event that triggered the cut.)
- When was the last time the TTC went on strike? (Bonus points if you know how long the strike lasted.)
- Compared to May 2023 and the 10-year May average, were home sales in the Greater Vancouver region in May 2024 higher or lower?
| | | | Those high-rise residential towers, mixed-use spaces, and commercial buildings have to start (and finish) somewhere. | |  | | The acquisition marks BC-based Anthem Properties' first investment outside of Western Canada, with more to come, said the company's CEO. | | | If you're reading this, you probably enjoy looking at pretty pictures of pretty houses. Check these ones out. | |  | | A home that simply strikes awe; you see it once and can't stop thinking about how it would feel to live your days with this being your place to land. |  | | Sitting on 100 forested acres, this luxurious home in Caledon is simply an architectural masterpiece. | | | People come and people go. Here are some people and where they're going. | - BMO's Maryam Monadi joins CMLS Financial as Assistant Vice President.
- Sherry Rioux moves into Senior Vice President of Sales, Sotheby's International Realty Canada.
- Sheldon Pollett becomes Executive Director of Raising The Roof.
- Cornerstone Association of REALTORS® (Hamilton-Burlington, Mississauga, Simcoe, and Waterloo Region real estate associations) names Drew Hemsley as Chair-Elect and Bill Duce as Chief Executive Officer.
- Mathew Marino becomes Director at Balmoral Capital.
- Lisa Prime steps into Director of Sustainability at Diamond Schmitt Architects.
- Colliers acquires leading Canadian engineering firm Englobe Corporation.
- RateHub names Naga Parvatharajan as its new CEO.
| | | | What's more impressive than being on top of things? Being ahead of them. Mark your calendars for these days: | - June 10: Mississauga residents can cast their votes for the 2024 mayoral by-election.
- June 11: New data on building permits from Statistics Canada.
- June 12: The Canadian Urban Institute is hosting a webinar on how housing-enabling infrastructure can be accelerated.
- June 12: Vancouver City Council is set to approve components of the Vancouver Official Development Plan, the next step in implementing the Vancouver Plan.
- June 13: Toronto's planning and housing committee meets.
- June 17-20: The "Olympics of Tech" returns to Toronto at the Enercare Centre.
- June 19: ULI Toronto hosts an expert housing market check-in.
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