Real Estate News, Articles, Reports, Analysys & Trends

2/27/2020 | Posted in Mortgages and Real Estate by Paul Solomons
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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

Changing the stress test may raise credit risk for banks says Fitch

2/27/2020 | Posted in Canada Living by Paul Solomons
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In 2018, the median after-tax income of Canadian families and unattached individuals was $61,400.

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How much does the average Canadian family earn?

2/26/2020 | Posted in Commercial Real Estate by Paul Solomons
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The last three months of 2019 provided further momentum for the Greater Toronto Area’s commercial real estate market.

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GTA commercial sales up 4% in 2019 as fourth quarter sizzles

2/27/2020 | Posted in Commercial Real Estate by Paul Solomons
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Canada’s commercial real estate (CRE) sector could reach a record-breaking level of investment in 2020 according to CBRE.

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CBRE: Canadian commercial real estate set for $50 billion year

2/26/2020 | Posted in Toronto Real Estate by Paul Solomons
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Around four in five Canadians in Toronto perceive the city to be in a housing bubble, according to the latest study by Zillow and Ipsos.

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Is Toronto in a housing bubble?

2/25/2020 | Posted in Ontario News by Paul Solomons
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The provincial transit agency and the GTAA (Greater Toronto Airports Authority) have reached an important step in a project that will make getting to and from area airports ... More

Metrolinx & GTAA create paths to transit hub

2/24/2020 | Posted in First Time Home Buyers by Paul Solomons
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Genworth Canada’s 2019 First-Time Homeownership Study provides a snapshot of the demographics of Canada’s first-time homebuyers (FTBs), what’s motivating them ... More

10 first-time homebuyer trends

2/21/2020 | Posted in Canadian Housing Market by Paul Solomons
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Canada’s housing market remains moderately vulnerable, while Toronto and Hamilton are seeing overheating and price acceleration, but that overvaluation seems to remain ... More

CMHC says housing vulnerability moderate, Toronto and Hamilton overheating

2/21/2020 | Posted in Commercial Real Estate by Paul Solomons
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The industrial real estate sector’s 2019 rate of total return far outpaced any other on the MSCI/REALPAC Canada Annual Property Index, and it’s looking good in 2020 ... More

Industrial CRE an investor darling: Rents 'just exploded'

2/19/2020 | Posted in Mortgages and Real Estate by Paul Solomons
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The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for ... More

OSFI considering new benchmark rate for uninsured mortgages

2/19/2020 | Posted in Canadian Housing Market by Paul Solomons
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The pace of inbound immigration to Canada – cited as the fastest among the G7 nations – is driving an unprecedented housing boom.

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Immigration continues to supercharge the engines of Canadian housing

2/18/2020 | Posted in Mortgages and Real Estate by Paul Solomons
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Ottawa changing stress test rate for insured mortgages starting April 6.

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Morneau unveils new insured mortgage stress test rate

2/18/2020 | Posted in Rental Market by Paul Solomons
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Canadian renters are facing larger monthly payments in many markets according to a new report.

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Rents eased in Toronto, Vancouver last month but others are rising

2/15/2020 | Posted in Canadian Housing Market by Paul Solomons
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined between December 2019 and January 2020.

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Canadian home sales down in January

2/13/2020 | Posted in Rental Market by Paul Solomons
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The average rent for a two-bedroom apartment in big cities increased by 3.9%, clocking the fastest growth since 2001.

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Rents in major cities spike

2/13/2020 | Posted in Toronto Real Estate by Paul Solomons
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Toronto housing price surge resembles sky-high gains of 2016.

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This is not a good sign: RBC

2/10/2020 | Posted in GTA Real Estate by Paul Solomons
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Mortgage stress test forces homebuyers further outside GTA to find house they can afford.

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Drive until you qualify

2/10/2020 | Posted in Canadian Housing Market by Paul Solomons
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The national trend in housing starts essentially held steady in January.

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Canadian housing starts unchanged in January

2/7/2020 | Posted in Toronto News by Paul Solomons
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The population of the Toronto area will hit 8 million in the next 10 years. It's make or break time? Are we ready?

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Toronto Living 2030

2/6/2020 | Posted in Toronto Real Estate by Paul Solomons
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TRREB President Michael Collins announced that Greater Toronto Area REALTORS® reported 4,581 home sales through TRREB’s MLS® System in January 2020 – up by ... More

GTA REALTORS® Release January 2020 Stats

2/6/2020 | Posted in Toronto Real Estate by Paul Solomons
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Toronto Regional Real Estate Board President Michael Collins announces the release of TRREB’s fifth annual Market Year in Review and Outlook Report.

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TREBB Releasing 2020 Market Outlook

2/5/2020 | Posted in Canadian Housing Market by Paul Solomons
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The chief executive of the Bank of Nova Scotia says Canada’s housing market needs more supply, not a major change to the mortgage stress test.

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Focus on housing supply, not the mortgage stress test, says Scotiabank CEO

2/4/2020 | Posted in Commercial Real Estate by Paul Solomons
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Altus Group Limited has released its 2020 GTA Flash Report, which provides a comprehensive review of the real estate market in the Greater Toronto Area (GTA) based on 2019 ... More

GTA commercial market strong in 2019

2/3/2020 | Posted in Toronto Real Estate by Paul Solomons
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Developers are betting on new projects in some of Toronto’s oldest suburbs to attract millennials fleeing from the main city area’s inflamed home prices.

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Will Toronto's suburbs see the next great housing gold rush?

2/3/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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Economy nudged higher in the latest monthly stats, helped in part by the real estate and construction industries.

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Real estate, construction helps boost Canadian economy

1/30/2020 | Posted in Canadian Housing Market by Paul Solomons
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Quarterly price trend report shows most major markets posted gains.

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Canadian home prices accelerated in 2019 says Statistics Canada

1/30/2020 | Posted in Commercial Real Estate by Paul Solomons
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Data centres are now a cornerstone of business and $100 billion has flowed into the asset class in the last decade according to a new report from Cushman & Wakefield.

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Former niche CRE investment is now big business

1/29/2020 | Posted in Mortgage Interest Rates by Paul Solomons
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Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down

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Fixed rate mortgages could go on sale

1/28/2020 | Posted in Financial Health by Paul Solomons
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Despite a decelerating pace of borrowing, Canadian seniors still pushed the nation’s reverse mortgage debt balance towards yet another ... More

Canadian reverse mortgage debt reaches nearly $4 billion

1/27/2020 | Posted in Toronto Real Estate by Paul Solomons
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Two city councillors are pushing for a rethink of Toronto's municipal land transfer tax rebate for first-time home buyers, suggesting the cap should be increased to match ... More

Initiative to increase tax rebate for first-time buyers in Toronto
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