{"id":32655,"date":"2025-09-20T11:29:15","date_gmt":"2025-09-20T11:29:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/32655\/"},"modified":"2025-09-20T11:29:15","modified_gmt":"2025-09-20T11:29:15","slug":"interest-rate-cut-could-bring-new-homebuyers-back-into-the-market-home-of-the-week-and-more-top-real-estate-stories-canadian-real-estate-news-for-the-week-of-sept-19","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/32655\/","title":{"rendered":"Interest rate cut could bring new homebuyers back into the market, Home of the Week and more top real estate stories: Canadian real estate news for the week of Sept. 19"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

Home of the Week, 347036 Mono Centre Rd., Mono, Ont.MITCHELL HUBBLE\/Modern Movement Creative<\/p>\n

This week, a long-awaited interest rate cut could finally convince prospective homebuyers waiting on the sidelines to enter the market. Plus, three communities where home sales are actually increasing and one property worth a look.<\/p>\n

Take our business and investing news quiz<\/a><\/p>\n

Interest ratesBank of Canada resumes rate cuts, experts say prospective homebuyers should re-enter marketOpen this photo in gallery:<\/a><\/p>\n

With another interest rate cut on Wednesday, borrowers may soon be able to get mortgages with rates in the 3-per-cent range.DARRYL DYCK\/The Canadian Press<\/p>\n

After months of pause, the Bank of Canada announced it was resuming interest rate cuts, lowering its policy rate by a quarter-point to 2.5 per cent<\/a>. The BoC said it made the decision in response to weakening employment and signs that inflation is becoming less of a concern. As Rachelle Younglai writes, the cut could be the sign many first-time homebuyers were looking for to enter the market \u2013 lenders are expected to offer mortgages that could soon be in the 3-per-cent range instead of hovering around 4 per cent. Experts say getting a rate that\u2019s back to what buyers consider \u201cnormal\u201d will likely motivate them to enter the real estate market<\/a>. <\/p>\n

Against the grainThree Canadian communities that are bucking national real estate trendsOpen this photo in gallery:<\/a><\/p>\n

Tariff and trade uncertainty have put downward pressure on Canada’s housing market.Kayle Neis\/The Globe and Mail<\/p>\n

The real estate market is stagnant in most areas of the country. But a few communities are bucking this trend<\/a>. Salmaan Farooqui spoke with economists and realtors to find out how Winnipeg and St. John\u2019s are the hottest markets in Canada, and why Saskatoon is still seeing strong demand.<\/p>\n

This week\u2019s lowest fixed and variable mortgage rates in CanadaOpen this photo in gallery:<\/a><\/p>\n

Financial markets expect one or two more rate cuts between now and the end of 2026.Paige Taylor White\/The Canadian Press<\/p>\n

Variable-rate mortgages are looking a little more attractive as a result of the interest rate cut. Moreover, financial markets currently expect one or two more rate cuts<\/a> between now and the end of 2026, writes Salmaan Farooqui. Markets are also currently pricing in a 43-per-cent chance that the central bank will lower its benchmark rate again when it convenes on Oct. 29.<\/p>\n

Rates shown are the lowest available for each term\/type and category (insured versus uninsured) as of market close on Thursday, Sept. 18<\/a>.<\/p>\n

Home RunIs $1-million enough to buy this couple a spacious townhouse north of Toronto?Open this photo in gallery:<\/a><\/p>\n

Ryan Berard and Joni Cheung in their new home.Galit Rodan\/The Globe and Mail<\/p>\n

Joni Cheung and Ryan Berard were looking to upgrade their living space from their 565-square-foot Richmond Hill condo. At first, the couple considered upgrading to a larger condo in the same city. But they discovered that they could afford a house slightly further north if they didn\u2019t have to pay the monthly fees associated with condo ownership. So they pivoted to look for a townhouse in Newmarket or East Gwillimbury instead, about 30 minutes north of Richmond Hill, where many of their family and friends lived. The couple hoped for at least three bedrooms and three bathrooms. Andrea Yu has the scoop on their search. Can you guess which home they picked before the end?<\/a><\/p>\n

The ListingNumber of GTA homes being taken over by lenders is skyrocketingOpen this photo in gallery:<\/a><\/p>\n

The number of homes that have been taken over by lenders under ‘power of sale\u2019 is up from last year, data show.COLE BURSTON\/The Canadian Press<\/p>\n

The number of homes that have been taken over by lenders under \u201cpower of sale\u2019 is up almost 60 per cent from the same time last year, according to new data, and some are comparing the current climate to the fallout from the 2008 financial crisis<\/a>. The power of sale process is not like a foreclosure: Canadian banks or lenders don\u2019t typically end up owning a debtor\u2019s home. However, in most cases, the way a lender secures the return of the money they are owed is through a court-approved sale of a mortgaged property. If there\u2019s any money made in the sale above what the lender is owed, it\u2019s returned to the seller, Shane Dingman writes. Experts say there\u2019s still a lot more debt to unwind and more pain to come for those amateur investors who flooded into the condo market to buy apartments when, even in good times, rents barely covered the mortgages.<\/p>\n

Home of the WeekA lavender farm for yoga, picnics and high teaOpen this photo in gallery:<\/a><\/p>\n

Home of the Week, 347036 Mono Centre Rd., Mono, Ont.MITCHELL HUBBLE\/Mitchell Hubble\/Modern Movement Creative<\/p>\n

347036 Mono Centre Rd., Mono, Ont. \u2013 Full gallery here<\/a><\/p>\n

This five-bedroom home in the town of Mono, near Orangeville, Ont., was once used as a cattle farm, but the owner saw an opportunity to revive the soil and established a lavender farm. During the summer, the farm is open to visitors for activities that include yoga, picnics, photoshoots and high tea. The owner restored the heritage barn and turned the upper level into a shop where visitors can purchase the products and mementoes made on the farm. The 3,271-square-foot house has been renovated throughout with new bathrooms, kitchens and wide-plank flooring, as well as a swimming pool in the back garden and a tennis court next to the barn.<\/p>\n

\n What do you think is the asking price for the property?\n <\/p>\n

a. $3,955,000<\/p>\n

b. $4,450,000<\/p>\n

c. $4,785,000<\/p>\n

d. $5,175,000<\/p>\n

\n b. The asking price is $4,450,000.\n <\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: Home of the Week, 347036 Mono Centre Rd., Mono, Ont.MITCHELL HUBBLE\/Modern Movement Creative…\n","protected":false},"author":2,"featured_media":32656,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[1116,25942,25943,25941,72,61,60,123,8171,19293,25944,24639,25945],"class_list":{"0":"post-32655","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-appwebview","9":"tag-aud-growth","10":"tag-aud-headline","11":"tag-aud-url","12":"tag-business","13":"tag-ie","14":"tag-ireland","15":"tag-markets","16":"tag-newnewsletter","17":"tag-noastack","18":"tag-realestate-roundup","19":"tag-yesapplenews","20":"tag-yessnap"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/32655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=32655"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/32655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/32656"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=32655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=32655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=32655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}