Real Estate News, Articles, Reports, Analysys & Trends

6/4/2020 | Posted in Home Buyers by Paul Solomons
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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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CMHC tightens mortgage rules amid downturn

6/1/2020 | Posted in GTA News by Paul Solomons
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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

Yonge North Subway Extension Moving Forward

6/3/2020 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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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

Bank of Canada holds rate steady

6/3/2020 | Posted in GTA Real Estate by Paul Solomons
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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

TRREB Releases May Resale Housing Market Report

6/1/2020 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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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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Canadians could see record low interest rates until 2022

5/30/2020 | Posted in Canadian Economy by Paul Solomons
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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

Canada's economy saw record decline in March, with worse numbers forecast for April

5/15/2020 | Posted in Commercial Real Estate by Paul Solomons
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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

Location, location: Value of GTA multifamily land sales dips

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

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Disruption To Canada's Immigration In Pandemic Will 'Reverberate' Through Economy: RBC

5/28/2020 | Posted in Toronto Real Estate by Paul Solomons
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The results of a recent Ipsos survey suggested that accelerated borrowing and home-purchasing activity is just waiting in the wings to pounce upon the Greater Toronto Area ... More

Borrowing, homebuying in Toronto to accelerate after COVID-19

5/25/2020 | Posted in Canadian Housing Market by Paul Solomons
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Why does CMHC's Evan Siddall think Canada is headed for a 'deferral cliff'?

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Canada is headed for a 'deferral clif'

5/27/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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Sales, new construction and prices all expected to decline during pandemic

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Housing market will feel effect of COVID-19 until 2022, CMHC says

5/24/2020 | Posted in Home Buyers by Paul Solomons
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The Bank of Canada is set to reduce its qualifying rate ten basis points, from 5.04 to 4.94 percent according a new report.

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Bank of Canada to drop qualifying rate

5/21/2020 | Posted in Real Estate Investments by Paul Solomons
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The financial situation of every rental property is as different as a fingerprint. Every operator applies their level of experience, understanding, operating sophistication and ... More

COVID-19 might kill the rental property industry

5/20/2020 | Posted in Financial Health by Paul Solomons
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Although COVID-19 has slowed down the rate of insolvency filings nationwide, the year-to-date total is still the highest in a decade, according to the Office of the ... More

Insolvency rate reaches highest year-to-date level since 2010

5/18/2020 | Posted in First Time Home Buyers by Paul Solomons
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COVID-19 ripped a hole in more than just the economy. For Canadians on the verge of buying their first home, the pandemic, and the financial uncertainty it has plunged the ... More

Is there hope for first-time buyers post-COVID-19?

5/18/2020 | Posted in Financial Health by Paul Solomons
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Canadian household debt has reached $2.28 trillion in total as of March, with mortgage payments accounting for a significant slice of the growth, according to data from the ... More

Mortgages take up largest slice of Canada's household debt

5/18/2020 | Posted in Toronto Real Estate by Paul Solomons
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Toronto remains likely to see elevated housing demand and prices this summer despite the COVID-19 market pause.

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Toronto market might find post-coronavirus recovery easier

5/16/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week.

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Stress Test Rate to Drop

5/15/2020 | 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 and new listings fell by more than half in April 2020 compared to March.

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Canadian home sales and listings post record declines in April 2020

5/8/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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The housing market can expect some recovery towards the end of the year according to Altus Group.

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Defying COVID-19 pressures, average prices might climb

5/8/2020 | Posted in Toronto Real Estate by Paul Solomons
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DBRS Morningstar is looking at pandemic scenarios that include a housing price correction of between 10 and 15 per cent by 2022.

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Housing prices could fall 14% in Canada's biggest city by 2022 - and that's the 'moderate' scenario

5/6/2020 | Posted in Commercial Real Estate by Paul Solomons
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Some Canadian banks have frozen new lending for smaller commercial property purchases, in some cases withdrawing letters of intent, as the coronavirus crisis raises concerns ... More

Some Canadian banks freeze new financing for commercial properties on COVID-19 concerns

5/5/2020 | Posted in GTA Real Estate by Paul Solomons
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GTA REALTORS® reported 2,975 residential transactions through TRREB’s MLS® System - down by 67 per cent compared to April 2019.
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GTA REALTORS Release April 2020 Stats

5/3/2020 | Posted in Canada Living by Paul Solomons
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Canada is officially in a recession that's been caused by the COVID-19 pandemic, the C.D. Howe Institute's Business Cycle Council declared Friday.

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It's official - Canada's economy is in a recession, C.D. Howe says

4/30/2020 | Posted in Anouncements by Paul Solomons
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Tiff Macklem, a former second-in-command at the Bank of Canada, is returning to the central bank to take over the top job at a moment that he says cries out for bold, ... More

Tiff Macklem named new Bank of Canada governor amid COVID-19 pandemic

5/2/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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A sharp rise in joblessness, combined with the bust-out of the short-term rental market, will send Canadian house prices down in the short term, some market experts are ... More

Forced selling may be headed for Canada's housing market

4/30/2020 | Posted in Canadian HELOC by Paul Solomons
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Canadian banks may clamp down on HELOCs to reduce the risk of spikes in sour loans, which the banks are already bracing for

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Canadian banks expected to tighten home equity line of credit access

4/27/2020 | Posted in Commercial Real Estate by Paul Solomons
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Canada’s malls are facing a wave of skipped rents and could see vacancy rates triple by year-end, with the coronavirus poised to leave its scars on a fragile retail ... More

Malls face catastrophic hit in Canada with unpaid rent surging

4/27/2020 | Posted in GTA News by Paul Solomons
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TRREB has developed a COVID-19 property tax deferral schedule for every Greater Toronto Area municipality for your convenience and use.

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2020 Property Tax Deferral Schedule in the GTA
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