Real Estate News, Articles, Reports, Analysys & Trends

12/12/2017 | Posted in Commercial Real Estate by Paul Solomons
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Industrial segment cited as the main contributor to this increase.

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GTA commercial activity sees significant November boost

12/10/2017 | Posted in New Developments by Paul Solomons
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Canada Mortgage and Housing Corp. says the pace of housing starts picked up in November, with condo building in Toronto driving the trend.  

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Housing starts near 10-year high on Toronto condo boom

12/8/2017 | Posted in Ontario Real Estate by Paul Solomons
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With reduced buying power, house hunters will scoop these properties up

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In 2018, these homes will sell the fastest

12/8/2017 | Posted in Financial Health by Paul Solomons
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Canadian families increased their net worth by 14.7% in the four years from 2012-2016 according to new data from Statistics Canada.

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Home values boost Canadian family net worth

12/6/2017 | Posted in Mortgages and Real Estate by Paul Solomons
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Consumers looking to consolidate debt currently have more buying power than they will next month, therefore rushing to refinance their mortgages before the new mortgage ... More

Surge in uninsured mortgages 'no coincidence'

12/6/2017 | Posted in Mortgage Interest Rates by Paul Solomons
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The Bank of Canada stuck with its trend-setting interest rate, but it offered fresh, yet cautious, warnings to Canadians that increases are likely on the way.

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Bank of Canada announces rate

12/5/2017 | Posted in Toronto Real Estate by Paul Solomons
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Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,374 transactions through TREB’s MLS® System in November ... More

TREB Releases Monthly Market Figures Reported By GTA REALTORS®

12/4/2017 | Posted in Mortgages and Real Estate by Paul Solomons
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The Bank of Canada has released its latest assessment of the financial system and has once again highlighted risk from mortgages.

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BoC flags risk from low-ratio mortgage loans

11/29/2017 | Posted in GTA Real Estate by Paul Solomons
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Pen up demand in the Greater Toronto Area is going to be unleashed next year, according to one bank's chief economist.

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2018 expected to be big year in the GTA

11/26/2017 | Posted in Real Estate News by Paul Solomons
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Real estate agents want to know if you've grown pot in your home.

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Marijuana legalization's effect on real estate in Canada

11/25/2017 | Posted in Toronto Real Estate by Paul Solomons
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The Building Industry and Land Development Association says the GTA's supply of newly constructed condos last month hit its highest level since it began tracking that data ... More

Record October for new condo sales in GTA

11/24/2017 | Posted in Mortgages and Real Estate by Paul Solomons
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More than half of Canadians say they have good knowledge of debt management, yet many Canadians who hold a mortgage don’t believe they’re in debt at all.

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3 in 10 Canadians consider themselves debt-free while carrying a mortgage

11/22/2017 | Posted in Canadian Housing Market by Paul Solomons
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Few could have predicted the roller coaster that was the Canadian housing market in 2017. Here are 6 predictions for 2017 that ended up falling seriously short.

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These 6 predictions about the 2017 Canadian housing market were way off base

11/19/2017 | Posted in Mortgages and Real Estate by Paul Solomons
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It will be more difficult to qualify for a mortgage in 2018, with experts saying it will slow the growth of housing in Canada.

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 Market vulnerability varies across Canada

11/16/2017 | Posted in Mortgages and Real Estate by Paul Solomons
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Canada’s housing agency is seeking more data on home loans from shadow lenders, amid concern rising levels of debt aren’t being adequately tracked and may increase ... More

CMHC takes aim at shadow lenders amid rising debt levels

11/15/2017 | 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 posted a modest monthly increase in October but remain below levels ... More

Canadian home sales edge up again in October

11/15/2017 | Posted in Real Estate Market by Paul Solomons
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In October the Teranet–National Bank National Composite House Price Index™ was down 1.0% from the previous month, a second consecutive monthly decline and the ... More

Index retreats by 1% in October

11/14/2017 | Posted in Mortgages and Real Estate by Paul Solomons
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With the expectation that first-time homebuyers will be shuttered out of the housing market, thereby reducing the number of people to whom seniors can sell their homes, reverse ... More

OSFI rule changes may lead to spike in reverse mortgages

11/14/2017 | Posted in Commercial Real Estate by Paul Solomons
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Commercial leasing slipped in October but the city’s real estate board says the market is still buoyant and the outlook is good.

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Toronto commercial market down from a year ago, outlook is positive

11/11/2017 | Posted in Home Buyers by Paul Solomons
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Did you know that it’s actually less expensive to buy a home compared to a condo.

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Why condos are more expensive than houses in the Greater Toronto Area

11/8/2017 | Posted in Ontario Real Estate by Paul Solomons
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Ontario's new condo tribunal is accessible but will only mediate and adjudicate one kind of dispute to begin.

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Condo disputes can now be resolved online

11/8/2017 | Posted in Ontario Real Estate by Paul Solomons
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Canada Mortgage and Housing Corp. said 2,438 new housing units were launched in the Greater Toronto Area in October, a 42-per-cent drop from 4,204 units in the same month last ... More

Toronto-area new housing starts drop 42 per cent in October

11/6/2017 | Posted in Toronto Real Estate by Paul Solomons
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After a slow summer following the introduction of the province’s Fair Housing Plan, Toronto’s housing market could be balancing out.

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Toronto prices will soon hit bottom, before beginning to climb: RBC

11/2/2017 | Posted in Toronto Real Estate by Paul Solomons
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Toronto Real Estate Board President Tim Syrianos reported 7,118 residential sales through TREB’s MLS® System in October 2017. This result represented ... More

TREB Releases Monthly Market Figures Reported By GTA REALTORS®

11/1/2017 | Posted in GTA Real Estate by Paul Solomons
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The unsold inventory of new condo units in the Greater Toronto Area has increased for the first time since the end of 2015.

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This has happened to GTA condos for the first time since 2015

10/31/2017 | Posted in Real Estate News by Paul Solomons
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Ontario and B.C.'s finance ministers say they are open to the idea of a registry of pre- construction condominium sales as the Canada Revenue Agency ramps up efforts to ... More

Ontario, B.C. mull pre-construction condo sales registry amid CRA crackdown

10/30/2017 | Posted in GTA Real Estate by Paul Solomons
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Sales of new homes were down 48% in the Greater Toronto Area compared to a year earlier as low- and high- rise sectors saw large declines.

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New home sales halved in the GTA last month

10/27/2017 | Posted in Foreign Buyers by Paul Solomons
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Educational opportunities are driving Chinese homebuyer inquiries for Canadian properties, despite foreign-buyer taxes in two of the nation’s hottest housing ... More

Here's what's attracting Chinese buyers to Canadian real estate despite foreign-buyer taxes

10/27/2017 | Posted in Toronto Real Estate by Paul Solomons
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This week’s census data revealed Canadians’ changing living habits – and the trickle-down effect that’s affecting the rental market and its existing ... More

Census data sheds light on rental supply

10/27/2017 | Posted in Real Estate Market by Paul Solomons
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Moderate overvaluation and price acceleration continue to concern the CMHC which said Thursday that the Canadian housing market remains “highly vulnerable”.

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Canadian housing market still highly vulnerable says CMHC
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