Real Estate News, Articles, Reports, Analysys & Trends

6/22/2018 | Posted in Toronto Real Estate by Paul Solomons
SHARE

Sales of newly-built condos in the Greater Toronto Area totalled 2,003 in May, accounting for the bulk of the 2,345 total new home sales.

... More

GTA new condo sales

6/20/2018 | Posted in Canadian Housing Market by Paul Solomons
SHARE

In its report on national home sales numbers as of May, CREA pointed at a 1.6% month-over-month increase in Toronto residential transactions – a development that analysts ... More

Toronto market seeing first signs of stability - analysts

6/20/2018 | Posted in Canadian Housing Market by Paul Solomons
SHARE

The acute volatility of the Canadian housing market may be nearing the end according to TD Economics.

... More

Housing market will reach a

6/18/2018 | Posted in Canadian Housing Market by Paul Solomons
SHARE

The new Canadian national existing home sales data published by CREA last week could have been worse according to TB Economics.

... More

May home sales

6/15/2018 | Posted in Canadian Housing Market by Paul Solomons
SHARE

National home sales via Canadian MLS® Systems remained little changed from April to May 2018, marking the lowest level for national sales activity in more than five ... More

Canadian home sales at five-year low in May

6/14/2018 | Posted in Mortgages and Real Estate by Paul Solomons
SHARE

Mortgage borrowing fell $2 billion to $13.7 billion in the first quarter of this year, the lowest level since the second quarter of 2014 according to Statistics Canada ... More

Mortgage borrowing slides to lowest since 2014

6/14/2018 | Posted in Ontario Real Estate by Paul Solomons
SHARE

Current price correction in Ontario housing market does not resemble historical price bust periods according to the latest report from Canada Mortgage and Housing ... More

Low likelihood of a serious price correction in Ontario: CMHC

6/12/2018 | Posted in Recreational Properties by Paul Solomons
SHARE

Price of vacation homes is expected to rise 5.8 per cent by end of September. Retiring baby boomers and gen-Xers are driving recreational home sales as they look toward ... More

Canada's recreational home sales 'robust' heading into summer season

6/12/2018 | Posted in Home Buyers by Paul Solomons
SHARE

Private lenders have doubled their share of Canadian mortgages since 2015.

... More

Private lending becomes new normal

6/8/2018 | Posted in Canadian Housing Market by Paul Solomons
SHARE

The trend in housing starts was 216,362 units in May 2018, compared to 225,481 units in April 2018, according to Canada Mortgage and Housing Corporation (CMHC).

... More

Canadian Housing Starts Trend Declines in May

6/8/2018 | Posted in Ontario News by Paul Solomons
SHARE

The Progressive Conservative Party has won the Ontario provincial election and there may be some good news ahead for household budgets.

... More

PCs win Ontario, promise to boost household income

6/7/2018 | Posted in Canadian Economy and Housing Market by Paul Solomons
SHARE

Canada's financial system is resilient, according to the Bank of Canada, but high household debt and imbalances in the housing market remain the biggest ... More

High household debt, housing market biggest risks to financial system, Bank of Canada says

6/6/2018 | Posted in Home Buyers by Paul Solomons
SHARE

York Region municipal councillors have proposed a municipal land transfer tax, but the CEO of the Ontario Real Estate Association is imploring them to consider the ... More

Proposed land transfer tax too much to bear, says OREA

6/6/2018 | Posted in Commercial Real Estate by Paul Solomons
SHARE

A new report from CBRE reveals that Toronto is a popular choice for international retailers, the only North American city to make the top 20 target cities for new entrants and ... More

Toronto is outpacing North America in this property sector

6/4/2018 | Posted in Toronto Real Estate by Paul Solomons
SHARE

Greater Toronto Area REALTORS® reported 7,834 sales through TREB's MLS® System in May 2018. This result was down by 22.2 per cent compared to May 2017. ... More

TREB Releases Monthly Market Figures Reported By GTA REALTORS & New Housing Issues Polling Results

6/1/2018 | Posted in Home Owners by Paul Solomons
SHARE

Spending drops as much as 25 per cent in some provinces as more homeowners focus on wear and tear.

... More

Canadian homeowners trim spending on home renovations in 2018

5/31/2018 | Posted in Commercial Real Estate by Paul Solomons
SHARE

Toronto’s land transfer revenue for Q1 2018 exceeded expert predictions by $30.7 million, a development that acting chief financial officer Joe Farag attributed to ... More

Toronto city budget enjoying substantial boost from commercial segment

5/30/2018 | Posted in Mortgage Interest Rates by Paul Solomons
SHARE

The Bank of Canada kept its key interest rate target on hold Wednesday but hinted that rate hikes could be coming as it noted the Canadian economy was a little stronger than ... More

Bank of Canada makes interest rate announcement

5/30/2018 | Posted in Toronto Real Estate by Paul Solomons
SHARE

Toronto’s downtown relief subway line - should the political will needed to build it ever materialize - could partly fund itself, to say nothing of the skyrocketing ... More

Zoning could be key to funding downtown relief line

5/28/2018 | Posted in Mortgage Interest Rates by Paul Solomons
SHARE

Canada’s big banks are locked in a competitive pricing war over variable-rate mortgages, but economic trends point to more interest rate hikes ahead — leaving ... More

Mortgage rates are rising. Here's how you can save money

5/26/2018 | Posted in Toronto Real Estate by Paul Solomons
SHARE

Move over, millennials - boomers have become a force in Toronto’s luxury condo market

... More

Boomers are quietly changing the condo market

5/24/2018 | Posted in GTA Real Estate by Paul Solomons
SHARE

Developers are finding it harder to sell newly-built homes in the Greater Toronto Area this spring.

... More

Sales of new homes in the GTA hit lowest April in 20 years

5/23/2018 | Posted in Home Buyers by Paul Solomons
SHARE

A study out of Ryerson University warns of a severe housing shortage in the near future.

... More

Unprepared market due for shock

5/22/2018 | Posted in GTA Real Estate by Paul Solomons
SHARE

Research from the C.D. Howe Institute released Tuesday revealed zoning regulations, development charges and housing limits in and around southern Ontario's Greenbelt have ... More

Regulations cost single-family home buyers in Canada's hottest markets an extra $229,000 on average

5/17/2018 | Posted in Community by Paul Solomons
SHARE

Condos can be a problem-solver in today’s real estate market. But there’s also a sense of dread associated with condos, specifically with the monthly maintenance ... More

How not to get hammered by rising condo fees

5/17/2018 | Posted in Rental Market by Paul Solomons
SHARE

The cost of renting an apartment is climbing rapidly in many of Canada's largest cities, led by Toronto and nearby places, new data shows.

... More

Rental Rates Soar By Double Digits In Half Of Canada's Largest Cities

5/16/2018 | Posted in Home Buyers by Paul Solomons
SHARE

First-time home buyers already struggling with more stringent mortgage rules have been dealt another blow by an increase this week in the Bank of Canada’s five-year ... More

Higher interest rates add to home buyer struggles

5/16/2018 | Posted in Toronto Real Estate by Paul Solomons
SHARE

In the face of a correction in Toronto’s housing market, sellers aren’t panicking and prices in Toronto continue to hold steady.

... More

Sellers Aren't Panicking in Toronto's Weakened Housing Market

5/16/2018 | Posted in Canadian Housing Market by Paul Solomons
SHARE

The decline in national home sales reported Tuesday by CREA is “disappointing” says TD Economics.

... More

Home sales

5/15/2018 | Posted in Canadian Housing Market by Paul Solomons
SHARE

Statistics released today by The Canadian Real Estate Association (CREA) show national home sales fell from March to April 2018.

... More

Canadian home sales fall in April
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.

Security Question: 1 + 2 =