Real Estate News, Articles, Reports, Analysys & Trends

7/9/2020 | Posted in Canadian Housing Market Predictions by Anita Sava
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Strong June home sales data from Toronto and Vancouver finally gave wary homebuyers and industry professionals the dose of good news that they’d sorely needed.

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7/9/2020 | Posted in Financial Health by Anita Sava
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Canadian household debt has shown relatively muted increases despite growth in the mortgage segment, according to data from the central bank.

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7/8/2020 | Posted in Toronto Real Estate by Anita Sava
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Toronto’s real estate market appears to be roaring back to life, but some housing industry observers believe prices are being propped up by a combination of government ... More

Real Estate & Mortgage News

7/7/2020 | Posted in Toronto Real Estate by Anita Sava
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Greater Toronto Area home sales are rebounding from the COVID-19 pandemic and prices are on the rise, but completed transactions are still short of where they were last year, ... More

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7/7/2020 | Posted in Toronto News by Anita Sava
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Toronto city council voted to make masks mandatory in enclosed, public places last week following recommendations from the medical officer of health. Most of the GTA is moving ... More

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7/7/2020 | Posted in GTA Real Estate by Anita Sava
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Toronto Regional Real Estate Board President Lisa Patel announced that Greater Toronto Area REALTORS® reported 8,701 sales through TRREB’s MLS® System in June ... More

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7/6/2020 | Posted in Financial Health by Anita Sava
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Data from the Office of the Superintendent of Bankruptcy Canada (OSB) revealed that federal fiscal support and payment deferrals are helping households retain their purchasing ... More

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7/6/2020 | Posted in Real Estate Tax Evasion by Anita Sava
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The Canada Revenue Agency has announced that it will be taking a closer look at real estate transactions in the United States to search for Canadians with hidden income.

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6/30/2020 | Posted in Mortgages and Real Estate by Anita Sava
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While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available ... More

Real Estate & Mortgage News

6/24/2020 | Posted in Canadian Housing Market Predictions by Anita Sava
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Canada Mortgage and Housing Corp. expects a drop in home prices in the country’s biggest cities amid “severe declines” in home sales and construction.

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6/23/2020 | Posted in Mortgage Interest Rates by Anita Sava
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Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week.

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Real Estate & Mortgage News

6/15/2020 | Posted in Canadian Housing Market by Anita Sava
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and new listings were up noticeably in May 2020 compared to April, though ... More

Real Estate & Mortgage News

6/16/2020 | Posted in Commercial Real Estate by Anita Sava
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Market pause from COVID-19 will likely result in a drop-off in Canadian investment activity for the remainder of the year, although it’s still too early to tell.

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6/13/2020 | Posted in Financial Health by Anita Sava
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The ratio of debt to disposable income peaked in 2017 at 178 per cent but it is currently just shy of that level.

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6/10/2020 | Posted in Ontario Real Estate by Anita Sava
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Ontario is replete with markets that are still ripe for investment despite the market impact of COVID-19, according to RE/MAX.

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6/12/2020 | Posted in Commercial Real Estate by Anita Sava
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The commercial segment will likely lose a significant portion of its tenant base, with small businesses being forced to go online, according ... More

Real Estate & Mortgage News

6/12/2020 | Posted in Mortgages and Real Estate by Anita Sava
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Many Canadians will attempt to purchase new homes before the adjusted rules take effect on July 1.

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Real Estate & Mortgage News

6/10/2020 | Posted in Commercial Real Estate by Anita Sava
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Commercial rent collection will not immediately resume at its previous pace even after businesses nationwide have restarted their operations, according to Colliers Canada.

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6/8/2020 | Posted in New Developments by Anita Sava
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The trend in housing starts was 196,750 units in May 2020, down from 198,644 units in April 2020.

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6/5/2020 | Posted in Rental Market by Anita Sava
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Ontario is lifting restrictions on short-term rentals today.

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6/4/2020 | Posted in Home Buyers by Anita Sava
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Canada’s housing agency is tightening rules to make it more difficult for higher-risk borrowers to qualify for mortgage insurance.

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6/1/2020 | Posted in GTA News by Anita Sava
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The Yonge North Subway Extension, the 7.4 kilometre extension of TTC's Line 1 (Yonge University) to Richmond Hill, looks like it will be moving forward in what will be a ... More

Real Estate & Mortgage News

6/3/2020 | Posted in Canadian Economy and Interest Rates by Anita Sava
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The Bank of Canada held its benchmark interest rate steady at 0.25 per cent on Wednesday and said it thinks the economic impact of COVID-19 on the world's economy ... More

Real Estate & Mortgage News

6/3/2020 | Posted in GTA Real Estate by Anita Sava
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GTA REALTORS® reported 4,606 sales through TRREB’s MLS® System in May 2020. This result was down by 53.7 per cent compared to May 2019. While the number of sales ... More

Real Estate & Mortgage News

6/1/2020 | Posted in Canadian Economy and Interest Rates by Anita Sava
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A new survey of 15 economists from Canadian banks, financial institutions and academia suggest that 0.25% interest rate could be around for more than a year, maybe two.

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Real Estate & Mortgage News

5/30/2020 | Posted in Canadian Economy by Anita Sava
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The Canadian economy took a historic dive in March as the country imposed lockdown measures to curb the spread of COVID-19 – and worse results are expected for ... More

Real Estate & Mortgage News

5/15/2020 | Posted in Commercial Real Estate by Anita Sava
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A decline in the value of Greater Toronto Area land transactions for multifamily development sites during Q1 2020 can be attributed to the location of the properties, not the ... More

Real Estate & Mortgage News

6/1/2020 | Posted in Canada Living by Anita Sava
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COVID-19 has "for all intents and purposes shut down immigration."

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Real Estate & Mortgage News
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