Real Estate News, Articles, Reports, Analysys & Trends

1/20/2021 | Posted in Mortgages and Real Estate by Paul Solomons
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Canadian Mortgage Debt Increased 7.4% in November compared to a year earlier, pushing total up to nearly $1.66 trillion, according to StatsCan.

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Canadians piling on mortgage debt as hot housing market continues

1/16/2021 | Posted in Ontario News by Paul Solomons
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Ontario homeowners who haven’t started work on their renovation projects as of Jan. 12 will have to put their plans on hold under the province’s new construction ... More

Ontario says crews can finish ongoing home renovations, but new projects are on hold

1/20/2021 | Posted in Canadian Housing Market by Paul Solomons
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e annual pace of housing starts in December fell compared with November, according to Canada Mortgage and Housing Corp. (CMHC).

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CMHC reports annual pace of housing starts down in December

1/19/2021 | Posted in Mortgages and Real Estate by Paul Solomons
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Loan-default insurance industry player says it gained market share following changes the Crown agency made last summer.

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Private-sector mortgage insurers say they're gaining market share in wake of CMHC tightening rules

1/18/2021 | Posted in Rental Market by Paul Solomons
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Toronto apartment hunters have a lot more options these days, as a flight into the suburbs led to an all-time high vacancy rate.

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Toronto apartment rents tumble as vacancy rates hit 50-year high

1/15/2021 | 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 set another all-time record in December 2020.

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Record December caps record year for Canadian home sales

1/14/2021 | Posted in Canadian Housing Market Predictions by Paul Solomons
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Canada’s housing market may be heading for a soft landing at the end of the year after what could be a record-breaking 2021, a new report by RBC Economics said.

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Canada's housing market headed for soft landing by 2022: RBC

1/14/2021 | Posted in Home Buyers by Paul Solomons
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A record number of Canadians left major urban centers last year amid the pandemic, led by youth and young families.

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Younger Canadians moving away from big cities at record levels

1/14/2021 | Posted in Commercial Real Estate by Paul Solomons
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Despite the recent arrival of the vaccine for the COVID-19 pandemic, a new report expects the first half of 2021 to be a continuation of 2020’s acceleration toward ... More

5 Predictions for Canadian Retail in 2021

1/13/2021 | Posted in Mortgage Interest Rates by Paul Solomons
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Money markets see an increased chance of the Bank of Canada cutting interest rates closer to zero, as tightening economic restrictions to contain a second wave of COVID-19 ... More

Bank of Canada 'micro rate cut' bets in play as lockdowns weigh

1/13/2021 | Posted in Canadian Housing Market by Paul Solomons
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Plus, seven trends that could impact the real estate market

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2021 will remain a seller's market: experts

1/13/2021 | Posted in Ontario News by Paul Solomons
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The Ontario government has issued a stay-at-home order for the province beginning on Jan. 14 and has immediately declared a second state of emergency.

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Ontario issues stay-at-home order

1/12/2021 | Posted in Mortgages and Real Estate by Paul Solomons
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The mortgage delinquency rate among Canadian seniors has reached its highest level in years, according to the Canada Mortgage and Housing Corporation.

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Which demographic has the highest mortgage delinquency rate in Canada?

1/11/2021 | Posted in Canadian Housing Market by Paul Solomons
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Affordability and space limitations continue to impact purchase decisions as only 14% of Canadians polled would consider buying a home in a major metropolitan area.

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Despite concerns about the economy, majority of Canadians continue to believe in the strength of the housing market

1/7/2021 | Posted in Mortgage Interest Rates by Paul Solomons
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The Bank of Canada will likely leave the overnight lending rate unchanged for the whole of 2021, according to a recent forecast.

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What will happen to Bank of Canada rates in 2021?

1/8/2021 | Posted in Condo Market by Paul Solomons
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Condo sales soared across the Toronto region in December, and as one economist wrote, it looked like buyers were out “in full force looking for bargains.”

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Bargain hunting buyers caused condo sales to soar in December: RBC

1/6/2021 | Posted in GTA Real Estate by Paul Solomons
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Despite an unprecedented year due to COVID-19, including necessary public health restrictions and uncertainty surrounding the economy, Greater Toronto Area REALTORS® ... More

Record December Home Resales And New Record In 2020 Average Selling Price

1/5/2021 | Posted in Mortgages and Real Estate by Paul Solomons
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For those of you who need a mortgage in the next 12 months, here are five humble prophecies about the year ahead.

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Time to lock in? The outlook for mortgages in 2021

1/5/2021 | Posted in Canadian Housing Market by Paul Solomons
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Canadians are feeling more confident about the continued rise in home prices now than at any point in the previous three years, a trend Bloomberg and Nanos Research called a ... More

Bloomberg-Nanos: Canadians' optimism about home prices strongest in three years

1/4/2021 | Posted in Home Owners by Paul Solomons
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The feds plan to provide homeowners with up to $5,000 in grants and one million free EnerGuide assessments to make their homes more energy efficient.

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How homeowners can save from Feds' climate plan

1/2/2021 | Posted in Canadian Economy and Housing Market by Paul Solomons
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Amid an unpredictable pandemic, forecasts for the housing market are pretty much all over the map.

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Canada 2021 Housing Forecasts Call For A Boom ... Or The Worst Crash in 40 Years

12/31/2020 | Posted in Condo Market by Paul Solomons
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No sector has been hit as hard as condos in this pandemic, and while experts say the market will recover, it will be different

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Burning Questions: Have we reached peak condo?

12/30/2020 | Posted in First Time Home Buyers by Paul Solomons
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With mortgage rates at historic lows and price growth tapering in certain markets, the COVID-19 pandemic has presented both opportunities and challenges for first-time ... More

First-time homebuyers see new opportunities, challenges in pandemic economy

12/22/2020 | Posted in Ontario News by Paul Solomons
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The provincial government has announced all of Ontario will be entering a provincial shutdown as of 12:01 a.m. on Dec. 26 in a bid to combat rising coronavirus cases.

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Here's what you can and can't do in Ontario during coronavirus shutdown

12/21/2020 | Posted in GTA Real Estate by Paul Solomons
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People ditched their condos, there was an exodus to the suburbs and an uptick in home renovations

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A year in real estate review: Toronto's biggest trends of 2020

12/21/2020 | Posted in Canadian Housing Market by Paul Solomons
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When the Liberal government proposed the foreign homebuyer tax in its fiscal update last month as part of a plan to lower home prices, it drew skepticism from observers who say ... More

National foreign buyer tax may have unintended consequences: Experts

12/21/2020 | Posted in Canadian Housing Market by Paul Solomons
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The upward trend in Canadian housing starts continued in November, according to the Canada Mortgage and Housing Corporation.

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National housing starts rise, but what's fueling them?

12/11/2020 | Posted in Mortgage Interest Rates by Paul Solomons
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Bank says it could go lower than 0.25%, but remains deeply skeptical of negative interest rates

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Bank of Canada opens door to another rate cut - but not one below zero
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