11/22/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

Canada’s red-hot housing markets could cool down in the second half of next year, according to a prominent Bay Street economist, as many buyers rush to buy now before the ... More

'No question' homebuyers racing to beat rate hikes: CIBC's Tal

  11/9/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

When it comes to Ontario homeowners, a mere 11.4% of young adults across the province own their own homes.

... More

Just 11.4% of young adults in Ontario are homeowners

  11/5/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

For many people, building their own homes is a solution to help them get exactly what they want.

... More

How much does new home construction cost in Canada?

  10/29/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

A proposed Home Buyers’ Bill of Rights would address a notable trend that’s emerged in a red-hot market

... More

How the government hopes to change the purchasing process

  10/25/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

Roughly 30 per cent of first-time homebuyers and nearly nine per cent of existing homeowners received financial help from family this past year to purchase a house.

... More

Parents gifting kids record $82K average to buy first home: CIBC report

  9/2/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

What's “buyer fatigue”? This term applies to home hunters who have been repeatedly outbid and left disillusioned by the process.

... More

Buyer Fatigue Surfacing in Canadian Housing Market?

  8/4/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

Skyrocketing housing prices in 2021 are driving up how long it would take for homebuyers to save for a down payment, new data shows.

... More

The cost of down payments in Canadian cities skyrocketed in 2021

  5/20/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

Canada’s banking watchdog is confirming it will apply tighter rules to the so-called mortgage stress test, effective June 01.

... More

Stress test hike confirmed

  5/14/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

An NDP government would implement a 20% levy on home purchases made by non-residents.

... More

NDP Promises New Foreign Buyers Tax

  5/12/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

Canadians are so alarmed by the red-hot housing market that many say they’d like to see the central bank raise the cost of borrowing to dampen demand for real estate and ... More

Freaked-out Canadians open to rate hikes to cool hot housing market

  5/6/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

Whether you’re starting your home search or you just bid on the place of your dreams, getting denied for a mortgage will stop you cold.

... More

You got turned down for a mortgage? Here's what to do

  5/4/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

Unconditional offers are poor choices and our courts have shown little empathy for failed purchasers, repeatedly holding that vendors have no obligation to accommodate ... More

Courts show little empathy for failed purchasers

  4/30/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

Effective June 1, the federal mortgage stress test increases to 5.25 per cent, or about four times higher than what major lenders are actually charging

... More

Mortgage stress test gets more stressful on June 1

  4/8/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

Canada's financial regulator, which has been planning changes in its four-year-old mortgage stress test, on Thursday proposed making it tighter, following concerns that the ... More

Canada proposes tighter mortgage stress test as home prices surge

  4/8/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

Canada’s top banking watchdog is about to take another stab at overhauling its stress test on residential mortgages.

... More

Banking watchdog launches fresh consultation on mortgage stress test

  4/8/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

One in five Canadians are hoping for a significant fall in housing prices, a sign of the mounting frustration felt by many people looking to get into the country's hot ... More

Over one-fifth of Canadians hoping housing prices fall significantly

  3/7/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

Amid a hot housing market in major Canadian cities that has pushed ownership further out of reach for young first-time prospective home buyers, there are increasing calls for ... More

'Priced out': Analysts weigh in on first-time home buyer problem

  2/14/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

The share of renters who are planning to buy has quadrupled, and what they want to buy is changing.

... More

Homebuying Intentions Soar As Canadians Redesign Their Lives For An Era Of Remote Work

  2/12/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

Immigration to Canada fell to the lowest level since 1998.

... More

Canada welcomed 184,000 new immigrants in 2020

  2/4/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

Got 34 years to save up for a house? The threshold every buyer has to meet to own a home ― the minimum down payment ― has reached Canada’s highest level on ... More

  1/27/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

Plan ahead when buying a home to save yourself time and stress.

... More

5 Tips To Increase Your Chances Of Getting A Mortgage Approved

  1/14/2021 | Posted in Home Buyers by Paul Solomons
  SHARE

A record number of Canadians left major urban centers last year amid the pandemic, led by youth and young families.

... More

Younger Canadians moving away from big cities at record levels

  10/16/2020 | Posted in Home Buyers by Paul Solomons
  SHARE

Are you considering buying a pre-construction home or condo? Tarion compiled a few tips to help buyers navigate the new home buying process.

... More

Tips On Buying A Pre-Construction Home In Ontario

  9/28/2020 | Posted in Home Buyers by Paul Solomons
  SHARE

In light of the past six months of COVID-19-triggered uncertainty, home sales in Canada have been shockingly brisk as a combination of FOMO and low interest rates keep drawing ... More

Why some Canadians have only 5-7 months before their home buying window closes

  9/18/2020 | Posted in Home Buyers by Paul Solomons
  SHARE

Record-low interest rates appear to be a major factor.

... More

Millennials hopeful about buying homes despite COVID-19

  6/4/2020 | Posted in Home Buyers by Paul Solomons
  SHARE

Canada’s housing agency is tightening rules to make it more difficult for higher-risk borrowers to qualify for mortgage insurance.

... More

CMHC tightens mortgage rules amid downturn

  5/24/2020 | Posted in Home Buyers by Paul Solomons
  SHARE

The Bank of Canada is set to reduce its qualifying rate ten basis points, from 5.04 to 4.94 percent according a new report.

... More

Bank of Canada to drop qualifying rate

  1/3/2020 | Posted in Home Buyers by Paul Solomons
  SHARE

Have you decided to purchase a new condo? Consider these things to ensure you understand your rights as a new home buyer.

... More

Five Things Every New Condo Buyer Should Know

  12/13/2019 | Posted in Home Buyers by Paul Solomons
  SHARE

Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey.

... More

Owning a home is a pipedream for many Canadian millennials
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: 5 + 4 =