Real Estate News, Articles, Reports, Analysys & Trends

10/20/2017 | Posted in Home Buyers by Paul Solomons
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The newest set of mortgage restrictions announced by the OSFI will hit home buyers looking to upgrade to new properties the hardest, according to BMO financial group chief ... More

Stress test to hit 'move-up' home buyers the hardest

10/19/2017 | Posted in Toronto Real Estate by Paul Solomons
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In its latest Metropolitan Outlook, The Conference Board of Canada noted that Toronto’s housing market will experience further cooling in 2018, after the moderation that ... More

Toronto housing expected to cool further in 2018

10/18/2017 | Posted in Mortgages and Real Estate by Paul Solomons
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OSFI has published its update for the tightening of mortgage lending regulations known as Guideline B-20 and set the date that it will apply. 

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OSFI says stress test, lending rule changes will start Jan 1, 2018 - Industry Reactions

10/14/2017 | Posted in Real Estate Market by Paul Solomons
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The number of homes sold in September climbed for the second month in a row after a slowdown earlier this year that was led by a cooling in the Toronto market.

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Canada housing market rebound seen in mid-2018 as sales rise for second month in a row

10/13/2017 | Posted in Rental Market by Paul Solomons
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Competition in Toronto's condo rental market has become so fierce that bidding wars are on the ... More

Rental market set for turbulence

10/13/2017 | Posted in Real Estate Market by Paul Solomons
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According to statistics released today by The Canadian Real Estate Association (CREA), national home sales in September rose modestly from the previous month but remained down ... More

Canadian home sales edge up again in September

10/12/2017 | Posted in Real Estate Market by Paul Solomons
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In September the Teranet–National Bank National Composite House Price Index™ was down 0.8% from the previous month, the largest monthly decline since ... More

Index retreats by 0.8% in September

10/11/2017 | Posted in Mortgages and Real Estate by Paul Solomons
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A new stress test for all uninsured mortgages is unnecessary and could increase costs for homebuyers, a report by the Fraser Institute said Wednesday.

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Proposed mortgage stress test unnecessary and harmful: Fraser Institute

10/10/2017 | Posted in Real Estate Market by Paul Solomons
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Conventional economic factors including population, incomes and borrowing costs accounted for less than half of the 40% surge in Toronto home prices between 2010 and 2016, ... More

Among Canada's housing markets, Toronto remains the most 'puzzling'

10/10/2017 | Posted in Home Buyers by Paul Solomons
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Amid steadily rising mortgage costs, prospective home buyers should brace themselves for a less friendly purchasing environment in a few months’ time, although current ... More

Mortgage carrying costs for new buyers to increase by 8% in 2018

10/6/2017 | Posted in GTA Real Estate by Paul Solomons
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Find out which city surrounding Toronto has the hottest real estate market that is poised for a boom.

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GTA's hottest market outside of downtown Toronto

10/4/2017 | Posted in GTA Real Estate by Paul Solomons
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Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 6,379 sales through TREB’s MLS® System in September ... More

GTA REALTORS® Release September Resale Housing Market Figures

10/2/2017 | Posted in Home Buyers by Paul Solomons
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The national housing agency is exploring ways to make it easier for entrepreneurs and new immigrants to buy a home by cutting some of the red tape required to prove they can ... More

CMHC explores cutting red tape for self employed borrowers

10/2/2017 | Posted in Mortgages and Real Estate by Paul Solomons
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Individuals who take out a mortgage tend to have higher credit scores, according to a recent report by the Canada Mortgage Housing Corporation.

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8 in 10 mortgage holders have high credit scores

9/29/2017 | Posted in Mortgages and Real Estate by Paul Solomons
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The latest poll by Forum Research Inc., which was conducted right after the Bank of Canada’s decision to increase its benchmark overnight rate to 1% earlier this month, ... More

BoC Rate Increase got Consumers Worried

9/29/2017 | Posted in Real Estate Market by Paul Solomons
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While plenty of homeowners, potential homeowners, and experts will disagree, Canada’s homes are not as expensive as we may think.

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It turns out Canada's house prices aren't too bad

9/29/2017 | Posted in Home Buyers by Paul Solomons
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Sixty percent of Canadian homebuyers would exceed their budget to buy a home with more than half willing to smash it by $50K!

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Emotions drive Canadian homebuyers to smash their budgets

9/29/2017 | Posted in Ontario Real Estate by Paul Solomons
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In an announcement earlier this week, the government of Ontario stated that it has established a new team tasked with removing the multiple barriers to housing construction and ... More

Ontario to streamline housing development process

9/28/2017 | Posted in Mortgage Interest Rates by Paul Solomons
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Bank of Canada Governor Stephen Poloz could pause monetary tightening this year over concerns about the impact of higher interest rates for consumers holding record debts, ... More

Canada indebtedness to limit rate-increase room

9/27/2017 | Posted in Ontario Real Estate by Paul Solomons
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In spite of recent scares regarding their values, detached houses remain the strongest real estate investment to be had in the GTA.

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Why the GTA's detached houses remain a safe bet

9/27/2017 | Posted in Ontario News by Paul Solomons
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A large share of homeowners in Ontario are counting on home values increasing to ensure they have sufficient retirement funds.

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Almost half of Ontario homeowners expect their home to fund retirement

9/27/2017 | Posted in Commercial Real Estate by Paul Solomons
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The first half of 2017 saw a 29% increase in investment in Canada’s commercial real estate sector, a new survey from Avison Young reveals.

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No shortage of investors for Canada's commercial real estate

9/27/2017 | Posted in Real Estate Market by Paul Solomons
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Demand for luxury properties is up in Victoria, Calgary, and Oakville, while the urban hubs of Vancouver and the GTA saw decreased demand for luxury ... More

Sales of $1 million-plus condos up 86 per cent in the GTA and 11 per cent in Vancouver

9/26/2017 | Posted in Real Estate Market by Paul Solomons
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Despite rising interest rates and various policy measures implemented to slow down pricing growth, the Canadian housing market is not on track for a sharp decline. It ... More

The Canadian housing market is in good shape, and so are the banks

9/24/2017 | Posted in Financial Health by Paul Solomons
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Up to a million Canadians would struggle to cope with a 1 per cent rise in interest rates with 700,000 at risk from even a 0.25 per cent rise.

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1 million Canadians would struggle with interest rate rise

9/26/2017 | Posted in GTA Real Estate by Paul Solomons
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August may have been quiet but 2017 so far has been a strong year for new home sales in the GTA, especially for the high-rise sector.

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GTA new home sales strong year-to-date, high-rise dominates

9/26/2017 | Posted in Ontario Real Estate by Paul Solomons
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The tight Ontario rental market will worsen without increasing the units available by around 6,250 a year for a decade.

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Ontario needs more than 6,000 new rental units a year says report

9/22/2017 | Posted in Toronto Real Estate by Paul Solomons
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Toronto’s condo boom is surprising many observers with its resilience even as prices of detached homes slump. However, recent interest rate hikes and rent control ... More

Toronto's condo market is surprisingly resilient

9/22/2017 | Posted in Foreign Buyers by Paul Solomons
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Some media outlets recently reported that interest in Canadian real estate among Chinese buyers increased 30 per cent in the first half of this year, compared to a ... More

Chinese Interest Is Up In The GTA, But They're Not Interested In Speculation
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