Real Estate News, Articles, Reports, Analysys & Trends

8/12/2022 | Posted in First Time Home Buyers by Paul Solomons
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Details of a new account to help Canadians save to buy their first home have been revealed this week.

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New first home savings account details revealed

8/11/2022 | Posted in Condos For Sale by Paul Solomons
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A recent research report found that condo boards should be making sure there are enough reserve funds being budgeted to help pay for expensive repairs in the future.

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Aging condos in Ontario will need expensive repairs in the future, report finds

8/9/2022 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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A massive rate jump at the central bank’s meeting next month is a near certainty, economists say

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Experts: BoC rate hikes to go full steam ahead despite economic malaise

8/8/2022 | Posted in Canadian Economy and Housing Market by Paul Solomons
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Expand the Bank of Canada mandate, for starters

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Housing crisis in Canada - six suggested solutions

8/5/2022 | Posted in Mortgages and Real Estate by Paul Solomons
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Trend builds on substantial annual increase in Canadian residential mortgage debt last year.

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StatCan: Mortgage activity remains strong among non-bank lenders

8/4/2022 | Posted in GTA Real Estate by Paul Solomons
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There were 4,912 home sales reported through the Toronto Regional Real Estate Board (TRREB) MLS® System in July 2022 - down by 47 per cent compared to July 2021. Following ... More

GTA Home Sales and Listings Trend Downwards in July

8/2/2022 | Posted in Toronto Real Estate by Paul Solomons
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Sales of new condominiums in the greater Toronto area declined by 19 per cent sequentially in the second quarter of this year, while the average price per square foot reached a ... More

Toronto new condo sales decline 19%, prices rise: Urbanation

8/2/2022 | Posted in Toronto Real Estate by Paul Solomons
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There are signs that the broader real estate slowdown has spread to the preconstruction market, where purchases are seen as bets on future housing because buyers wait years for ... More

Toronto developers expected to delay 10,000 units as slowdown hits condo presales

8/1/2022 | Posted in Home Buyers by Paul Solomons
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Here is a list of expenses you will have with carrying a home.

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What Are the Monthly Expenses of Carrying a Home?

7/31/2022 | Posted in Home Buyers by Paul Solomons
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Here are the pros and cons of buying a house in a recession - and everything in between.

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What are the pros and cons of buying a house in a recession?

7/30/2022 | Posted in Canada Living by Paul Solomons
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These circumstances create one of the greatest lifetime wealth-building opportunities for millennials and Gen Z.

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High inflation and rising interest rates are a financial opportunity for young people

7/29/2022 | Posted in GTA Real Estate by Paul Solomons
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The Greater Toronto Area’s average rent has reached a new high in Q2 amid intensified competition, according to the region’s real estate industry association.

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The region is seeing rapidly intensifying competition, industry board says

7/25/2022 | Posted in Real Estate Investments by Paul Solomons
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Over the last year, the central bank issued repeated warnings about the risk investors posed to the market as they became a greater share of the country’s ... More

Housing investors are heading for the exits as rates rise

7/25/2022 | Posted in Toronto Real Estate by Paul Solomons
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New data is revealing how much money Toronto residents need to make in order to afford to purchase a home in the city.

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This is how much money you need to make to afford a house in Toronto

7/19/2022 | Posted in Rental Market by Paul Solomons
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GTA rent prices rose by “the fastest pace on record” in the second quarter of this year with the average one-bedroom unit being leased out for nearly $2,200 a ... More

Rent prices in Toronto rose by 'fastest pace on record' in Q2: report

7/18/2022 | Posted in Mortgages and Real Estate by Paul Solomons
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A BMO Capital Markets senior economist says the Bank of Canada's recent move to increase its key interest rate is setting up the housing market for an even deeper ... More

Interest rate hike like a 'hammer to housing': BMO senior economist

7/18/2022 | Posted in Interest Rates by Paul Solomons
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The Bank of Canada's intention to "frontload" its path to higher rates means its policy rate could peak as early as September, according to a prominent CIBC ... More

Bank of Canada rate could peak in September, says CIBC economist

7/18/2022 | Posted in Canadian Housing Market by Paul Solomons
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The trend in housing starts was 258,295 units in June, up from 252,444 units in May, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a ... More

Canadian housing starts trend higher in June

7/15/2022 | 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 were down in June 2022.

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Canadian home sales down again in June, but declines are getting smaller

7/14/2022 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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According to the Bank of Canada’s new forecast, the rate shock it just delivered will keep inflation expectations in check, restraining wage demands and price ... More

Rate shock raises questions over Bank of Canada's rosy view

7/13/2022 | Posted in Mortgages and Real Estate by Paul Solomons
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The Bank of Canada increased its key interest rate by one percentage point Wednesday in the largest hike the country has seen in 24 years.

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How the Bank of Canada's rate hike will impact mortgages, loans and spending

7/13/2022 | Posted in Mortgages and Real Estate by Paul Solomons
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The Bank of Canada has raised its benchmark interest rate by the largest amount in more than 20 years, sharply increasing the cost of borrowing in an attempt to rein in runaway ... More

Bank of Canada hikes rate to 2.5% - here's what it means for you

7/13/2022 | Posted in GTA Real Estate by Paul Solomons
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Royal LePage has cut its home price forecast for this year amid a series of aggressive interest rate hikes which have pushed up the cost of borrowing and cooled the demand for ... More

Royal LePage cuts home price forecast for GTA amid series of aggressive interest rate hikes

7/12/2022 | Posted in Canadian Housing Market Predictions by Paul Solomons
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CMHC revises down home price forecast over next two years to adjust for interest rate spike.

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CMHC revises down home price forecast over next two years to adjust for interest rate spike

7/11/2022 | Posted in Toronto Real Estate by Paul Solomons
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The cost of building housing in Toronto will soon rise by tens of thousands of dollars per unit as the city hikes development charges by nearly 50 per cent.

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T.O. development fees set to go up nearly 50%

7/10/2022 | Posted in Mortgage Interest Rates by Paul Solomons
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Economists are predicting the Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally.

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Bank of Canada to hike key interest rate by 0.75%, economists say

7/8/2022 | Posted in Mortgages and Real Estate by Paul Solomons
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As interest rates tick up, financial experts expect to see delinquency on home equity lines of credit rise in the next few months, especially if inflation refuses to ... More

Delinquent HELOC debt expected to soon rise as interest rates increase, say experts

7/6/2022 | Posted in GTA Real Estate by Paul Solomons
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Higher borrowing costs continued to impact home sales in June 2022. Sales totalled 6,474 – down by 41 per cent compared to last year’s strong result. The number of ... More

TRREB Forecasts Current Market Conditions to Remain Over Summer

7/5/2022 | Posted in Canadian HELOC by Paul Solomons
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A much anticipated federal clampdown on a new mortgage product that sinks over-leveraged homeowners deeper into debt has fizzled.

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Over-leveraged homeowners remain vulnerable to lenders

7/1/2022 | Posted in Holidays and Traditions by Paul Solomons
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Smile, laugh and enjoy ... It is Canada Day!!!!

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Canada Day
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