Real Estate News, Articles, Reports, Analysys & Trends

6/16/2024 | Posted in Mortgage Interest Rates by Paul Solomons
SHARE

Interest rates may slowly start to be easing around the world, but they won’t be returning to pandemic levels and borrowers will need to adjust accordingly.

... More

Borrowers must adapt to 'new normal' of higher rates, says Macklem

6/17/2024 | Posted in Canadian Housing Market by Paul Solomons
SHARE

While May was another relatively uneventful month for many Canadian housing markets with national month-over-month home sales edging slightly lower and new listings moving only ... More

Canadian Housing Activity Sees Another Quiet Month in May

6/13/2024 | Posted in Government and Regulation by Paul Solomons
SHARE

The head of Canada’s banking regulator stood firm in rejecting renewed calls to remove the mortgage stress test on uninsured mortgage switches.

... More

OSFI doubles down on keeping stress test for uninsured mortgage switches

6/7/2024 | Posted in Commercial Real Estate by Paul Solomons
SHARE

While growing optimism has nudged some long-term developers off the sidelines with regards to land sales, there continues to be an overall impasse between buyers and sellers in ... More

High Cost of Toronto Commercial Real Estate Stokes Suburban Activity

6/8/2024 | Posted in Rental Market by Paul Solomons
SHARE

Average rents across Canada are now up 32% from their pandemic lows.

... More

Average Canadian rent hits an all-time high of $2,202

6/5/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
SHARE

The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic.

... More

Bank of Canada cuts key rate for first time in more than 4 years

5/30/2024 | Posted in Mortgages and Real Estate by Paul Solomons
SHARE

Canada Mortgage and Housing Corp. says the country's total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and ... More

Residential mortgage debt hits $2.16 trillion amid slowest growth in 23 years: CMHC

6/1/2024 | Posted in First Time Home Buyers by Paul Solomons
SHARE

New home savings accounts have been used by 624,000 Canadians according to tax data, with a median deposit of $2,040.

... More

The Liberals' savings account for first-time homebuyers mostly got only small deposits

6/5/2024 | Posted in GTA Real Estate by Paul Solomons
SHARE

May home sales continued at low levels, especially in comparison to last spring’s short-lived pick-up in market activity as home buyers are still waiting for relief on ... More

Home Buyers Experience Less Competition in May

5/30/2024 | Posted in Home Owners by Paul Solomons
SHARE

A recent study on Statistics Canada data shines light on trend

... More

Where are the most mortgage-free homeowners in Canada?

5/30/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
SHARE

The Bank of Canada will trim interest rates to 4.75% on June 5, according to three-quarters of economists in a Reuters poll which showed three further cuts this year, with the ... More

BoC to cut interest rates on June 5, three further times this year: Poll

5/30/2024 | Posted in Government and Regulation by Paul Solomons
SHARE

The Ontario government has introduced legislation that includes a new 10-day cooling-off period for purchases of new freehold homes.

... More

New legislation includes 10-day 'cooling-off' period for new home purchases

5/29/2024 | Posted in Mortgages and Real Estate by Paul Solomons
SHARE

Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and ... More

Residential mortgage debt hits $2.16 trillion amid slowest growth in 23 years: CMHC

5/29/2024 | Posted in GTA News by Paul Solomons
SHARE

About half of GTA residents say they would consider leaving to buy property in one of Canada’s more affordable cities, according to a new Royal LePage survey.

... More

Half of Toronto area residents would consider buying home in more affordable city: Royal LePage

5/29/2024 | Posted in Financial Health by Paul Solomons
SHARE

A new report suggests an increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household ... More

More Canadians only making minimum payment on credit cards: TransUnion

5/25/2024 | Posted in Toronto Real Estate by Paul Solomons
SHARE

Move will open up housing options and build density

... More

Toronto will allow townhomes, small apartments on major streets

5/17/2024 | Posted in Canada Living by Paul Solomons
SHARE

Working population in first 4 months this year surpassed already unprecedented numbers for 2023

... More

'Huge increases': Economists sound alarm over impact of Canada population growth on housing market

5/22/2024 | Posted in Mortgages and Real Estate by Paul Solomons
SHARE

Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans ... More

Bank Regulator in Canada Warns of Housing-Payment Shock by 2026

5/22/2024 | Posted in Government and Regulation by Paul Solomons
SHARE

Toronto and Ottawa recently raised the fees despite a warning from Fraser that it would cut them off from future funds

... More

Housing minister says he's trying to convince big cities not to hike development charges

5/22/2024 | Posted in Canadian Housing Market by Paul Solomons
SHARE

Interest rates for builders and buyers playing into slowdown, putting dozens of housing projects on pause.

... More

Ontario's pace of new home construction slows to 2018 levels

5/21/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
SHARE

Canada's headline inflation rate continued to ease in April, leaving the door open to a Bank of Canada rate cut next month.

... More

June rate cut still a

5/21/2024 | Posted in Canadian Housing Market by Paul Solomons
SHARE

The Teranet-National Bank composite house price index which tracks home prices in 11 of Canada's largest cities remained stable from March to April.

... More

Teranet-National Bank composite house price index held steady in April

5/15/2024 | Posted in Canadian Housing Market by Paul Solomons
SHARE

Canadian home sales dipped in April 2024 when compared to March, even as the number of properties available for sale rose to kick off the spring market.

... More

Home Buyers Remain Cautious Amid Increasing Spring Listings

5/10/2024 | Posted in Rental Market by Paul Solomons
SHARE

The average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first ... More

April asking rent prices up 9.3% across Canada; as Ontario sees only decline: report

5/2/2024 | Posted in New Developments by Paul Solomons
SHARE

As of the beginning of April, 2024, 324 cranes towered over the skies of the Greater Toronto and Hamilton Area (GTHA), representing a slight, but persistent, downward ... More

Cranes Are... Dropping? UrbanToronto Reports the Crane Count for Q1 2024

5/2/2024 | Posted in Canada Living by Paul Solomons
SHARE

New study shows how parental wealth significantly affects millennials and Gen Z's home ownership and property values in Canada

... More

Parental wealth boosts young Canadians' home ownership

5/2/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
SHARE

Economic stagnation prompts the Bank of Canada to plan a rate cut in June, contrasting with the US Federal Reserve's strategy

... More

Bank of Canada set for June rate cut, diverging from Fed

4/30/2024 | Posted in Recreational Properties by Paul Solomons
SHARE

Canada’s recreational property market hasn’t seen an influx of listings and is unlikely to at all this year, according to Re/Max Canada’s 2024 Cottage Trends ... More

Canada's 2024 recreational property market holds steady amid demographic shifts and policy influences
Ask Paul Solomons

Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.