Real Estate News, Articles, Reports, Analysys & Trends

9/24/2018 | Posted in Mortgage Interest Rates by Paul Solomons
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The world's biggest central bank is expected to raise rates this week - and then keep raising them

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Canadian borrowers will feel this week's U.S. interest rate hike

9/21/2018 | Posted in Ontario News by Paul Solomons
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The Ontario government says it’s expanding GO Transit service in the Greater Toronto and Hamilton Area. This will bring immediate relief to the ... More

Ontario government announces expanded GO Transit service in southern Ontario

9/21/2018 | Posted in Ontario Real Estate by Paul Solomons
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The Ontario Government is planning to repeal legislation that would require home sellers to obtain a home energy audit before the sale.

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OREA welcomes planned repeal of Green Energy Act

9/21/2018 | Posted in Commercial Real Estate by Paul Solomons
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The company is planning more than $570 million in investment in Canada over the next three years.

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Microsoft Announces New Canadian Headquarters In Downtown Toronto

9/20/2018 | Posted in Toronto Real Estate by Paul Solomons
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Toronto Home Buyers - Are You Waiting For A House Price Crash? You’ll Be ‘Disappointed,' RBC Says

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Waiting For A Toronto House Price Crash?

9/20/2018 | Posted in Mortgages and Real Estate by Paul Solomons
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With new mortgage rules and higher interest rates putting the squeeze on Canadian homebuyers, some have found a new approach: Get the parents (or grandparents) to bankroll your ... More

Mortgages Soar For Canadians In Their 80s, 90s

9/19/2018 | Posted in GTA Real Estate by Paul Solomons
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Residents in the Greater Toronto Area want more new homes and a review of zoning rules to help ease housing affordability.

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Almost all GTA residents want zoning review, more new homes

9/19/2018 | Posted in Ontario Real Estate by Paul Solomons
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Condominium lawyers are waiting to see how the jurisdiction of the online Condominium Authority Tribunal expands, while mediators say online dispute resolution will become more ... More

Online tribunal underway to help with condo disputes

9/18/2018 | Posted in Financial Health by Paul Solomons
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Data showing that interest rates are rising faster than income provide a wake-up call to Canadian consumers who are taking on unsustainable amounts of debt.

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Debt continues surging

9/10/2018 | Posted in Commercial Real Estate by Paul Solomons
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Investment in Canadian commercial real estate has reached a new record high, beating the previous record set in Q1 2017.

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Canada's commercial real estate investment sets new record

9/17/2018 | Posted in Canadian Housing Market by Paul Solomons
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Statistics released today by The Canadian Real Estate Association (CREA) show a small increase in national home sales between July and August 2018.

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Canadian home sales activity edges higher in August

9/13/2018 | Posted in Real Estate News by Paul Solomons
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Canada’s mortgage industry saw slowing growth in the second quarter of 2018 as stress tests and rising interest rates made an impact.

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Mortgage growth slowed in Q2 says StatsCan

9/13/2018 | Posted in Home Buyers by Paul Solomons
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Rising rents is making homeownership the affordable alternative according to a new report.

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Canadians can't afford NOT to buy study suggests

9/9/2018 | Posted in Toronto Real Estate by Paul Solomons
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The Greater Toronto Area housing market continued to rebound last month with an 8.5 per cent increase in sales compared with a year ago, following a slow-down during the first ... More

Toronto sees spike

9/6/2018 | Posted in GTA Real Estate by Paul Solomons
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Toronto Real Estate Board President Garry Bhaura announced sales and price increases on a year-over-year basis in August.  Greater Toronto Area REALTORS® reported ... More

TREB Releases Monthly Resale Housing Figures As Reported By GTA REALTORS

9/6/2018 | Posted in Canadian Economy and Housing Market by Paul Solomons
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Moody's revises its outlook for the Canadian banking system to stable from negative, as the ratings company now sees the Canadian government less likely ... More

Canadian banking system outlook revised to stable from negative by Moody's

9/5/2018 | Posted in Mortgage Interest Rates by Paul Solomons
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The Bank of Canada (BoC) kept its trend-setting interest rate steady at 1.5 per cent on Wednesday but appeared to keep the door open to a possible rate hike at its ... More

Bank of Canada holds interest rates steady, but October hike looms

9/5/2018 | Posted in GTA Real Estate by Paul Solomons
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New condo prices are rising, a good amount of GTA residents are apparently “miserable,” and some renters are “seriously considering” moving out of the ... More

Downtown Toronto prices to hit $2,000 per sq. ft.

9/4/2018 | Posted in Home Buyers by Paul Solomons
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Here are some interesting data about Gen Zers and their homeownership plans and goals.

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Nearly half of Gen Zers want to buy a home in the next few years

9/4/2018 | Posted in GTA Real Estate by Paul Solomons
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More than a quarter of properties listed for sale in the Greater Toronto Area are advertised as being vacant, up 17 per cent year-over-year.

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1 In 4 Homes For Sale Are Sitting Empty

8/31/2018 | Posted in Canadian Housing Market by Paul Solomons
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Toronto is still the nation's priciest rental market, while rental rates are soaring in half of Canada's largest cities. The year-over-year numbers paint an even ... More

Canadian Rental Rates Soar In Half Of Largest Cities

8/27/2018 | Posted in Mortgage Interest Rates by Paul Solomons
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Bank of Canada Governor Stephen Poloz has put an early stop to the debate over whether he might be persuaded to raise interest rates in a couple of weeks.

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Expect Bank of Canada to maintain interest rates in September, unless GDP is off the charts

8/24/2018 | Posted in Toronto Real Estate by Paul Solomons
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The Supreme Court of Canada says it won't hear an appeal from the Toronto Real Estate Board, which was trying to prevent realtors from posting home sales data on ... More

Top court paves way for Toronto realtors to unlock key sales data

8/21/2018 | Posted in Toronto News by Paul Solomons
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Toronto’s tech scene is so hot the city created more jobs than the San Francisco Bay area, Seattle and Washington, D.C., combined last year, while ... More

Who Just Beat the Bay Area in Tech Jobs? Toronto

8/21/2018 | Posted in Canadian Economy and Housing Market by Paul Solomons
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Canadians are becoming more confident in the outlook for the economy, real estate prices, and their finances.

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Confidence in the economy, real estate is growing

8/20/2018 | Posted in Mortgages and Real Estate by Paul Solomons
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With an economy beating expectations and a range of indicators pointing to limited excess capacity, maintaining stable inflation is likely to require further rate hikes by the ... More

Interest rate hike likely in October says TD economist

8/18/2018 | Posted in GTA Real Estate by Paul Solomons
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Home sales in The Greater Toronto Area led the increase in July, while more than half of all local housing markets reported an increase in sales from June to July.

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GTA leads way in July

8/16/2018 | Posted in Financial Health by Paul Solomons
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Despite rising mortgage costs, rents, and grocery bills, these were not the biggest drain on the average Canadian household income last year.

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Canadians' tax bills outpaced housing, food in 2017

8/15/2018 | 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 up from June to July 2018.

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Canadian home sales activity strengthens in July

8/15/2018 | Posted in Mortgages and Real Estate by Paul Solomons
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There was a slight decline in the volume of new mortgage loans in 2017 according to an analysis of consumer credit data from CMHC.

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There were fewer new mortgages in 2017 CMHC data shows
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