Real Estate News, Articles, Reports, Analysys & Trends

3/28/2020 | Posted in Canadian Economy and Housing Market by Anita Sava
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Canada’s largest banks are fielding a deluge of requests to defer payments on mortgages as businesses suffer from efforts to curb the spread of the new coronavirus and ... More

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3/27/2020 | Posted in Canadian Economy and Interest Rates by Anita Sava
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The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement.

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3/27/2020 | Posted in Financial Health by Anita Sava
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The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms.

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3/27/2020 | Posted in Home Owners by Anita Sava
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It's very likely that COVID-19 will shatter Ontario's municipalities' budgets, and without provincial or federal help they will have no option but to increase the ... More

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3/26/2020 | Posted in Mortgages and Real Estate by Anita Sava
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Canada beefs up liquidity plan with expanded mortgage guarantee

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3/25/2020 | Posted in Ontario News by Anita Sava
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All “non-essential” workplaces in Ontario have been ordered closed effective 11:59 p.m. Tuesday for 14 days as the battle against COVID-19 reaches a critical ... More

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3/24/2020 | Posted in New Developments by Anita Sava
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Building construction investment in Canada edged higher in January with a 0.5% rise compared to the previous month.

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3/24/2020 | Posted in Rental Market by Anita Sava
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The COVID-19 coronavirus outbreak is highlighting the fragility of millions of Canadian households, which face a stark choice between paying their bills or putting food on the ... More

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3/21/2020 | Posted in Canadian Housing Market by Anita Sava
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Realtors across Canada are kicking off the busy spring selling season with the unprecedented step of cancelling open houses, moves that could contribute to slower-than-forecast ... More

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3/20/2020 | Posted in GTA News by Anita Sava
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At the March 19 Special Emergency Council meeting, Mississauga City Council made decisions in response to COVID-19 to help mitigate impacts on residents and businesses.

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3/20/2020 | Posted in Toronto News by Anita Sava
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The City of Toronto is waiving all penalties on late property tax and other bill payments for the next two months in response to the unprecedented economic impact of the ... More

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3/19/2020 | Posted in Community by Anita Sava
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Happy First Day of Spring Everyone!

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3/19/2020 | Posted in Canadian Economy and Housing Market by Anita Sava
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A measure of Canada’s consumer confidence has reported its biggest drop ever amid the COVID-19 pandemic.

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3/18/2020 | Posted in Canada Living by Anita Sava
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The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak.

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3/18/2020 | Posted in Mortgage News by Anita Sava
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Canada’s largest banks are coordinating their approach to the COVID-19 coronavirus outbreak to protect their employees and customers.

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3/17/2020 | Posted in Canadian Housing Market by Anita Sava
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RBC senior economist Robert Hogue gives his latest housing market assessment

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Real Estate & Mortgage News

3/17/2020 | Posted in Canadian Economy and Housing Market by Anita Sava
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The Canadian government has announced a further measure to mitigate the impact of the COVID-19 crisis and to help maintain stability in the financial system.

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3/17/2020 | Posted in Canadian Economy and Interest Rates by Anita Sava
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The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More

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3/16/2020 | Posted in Canada Living by Anita Sava
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Prime Minister Justin Trudeau has announced the federal government will close its borders to most people who are not Canadian citizens or permanent residents as part of its ... More

Real Estate & Mortgage News

3/16/2020 | 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 were up between January and February 2020.

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3/14/2020 | Posted in Ontario Real Estate by Anita Sava
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Condo developers in Ontario looking to sell units to millennials and first-time home buyers could be barking up the wrong tree, according to a new survey from OREA.

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3/13/2020 | Posted in Canadian Economy and Interest Rates by Anita Sava
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The Bank of Canada cut its trend-setting interest rate by half a percentage point to 0.75 per cent from 1.25 per cent in a surprise move on Friday aimed at softening the ... More

Real Estate & Mortgage News

3/9/2020 | Posted in Canadian Housing Market by Anita Sava
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The trend in housing starts was 208,525 units in February 2020, compared to 211,153 units in January 2020, according to Canada Mortgage and Housing Corporation (CMHC).

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3/6/2020 | Posted in Toronto Real Estate by Anita Sava
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Toronto House Prices Jump By $130,000 In A Year As Industry Calls For 'Shovels In The Ground'. And now the Bank of Canada is putting "kerosene on the fire" ... More

Real Estate & Mortgage News

3/5/2020 | Posted in Mortgages and Real Estate by Anita Sava
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Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that.

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3/4/2020 | Posted in Mortgage Interest Rates by Anita Sava
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The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit ... More

Real Estate & Mortgage News

3/4/2020 | Posted in Canadian Housing Market by Anita Sava
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Lower mortgage rates likely to offset any major drag from a global outbreak

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Real Estate & Mortgage News

3/2/2020 | Posted in Canadian Economy and Interest Rates by Anita Sava
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Just a few days before the Bank of Canada’s March 4 meeting, the Monetary Policy Council of the C.D. Howe Institute called on the institution to lower its benchmark ... More

Real Estate & Mortgage News

2/27/2020 | Posted in Mortgages and Real Estate by Anita Sava
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The proposed change to the federal mortgage guidelines that would reduce the stress test requirement for borrowers could adversely affect the credit risk of Canada’s big ... More

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