9/24/2020 | Posted in Canadian Housing Market Predictions by Paul Solomons
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Average single family detached house prices will fall by 6.7 per cent next year as the recovery stalls, economic stimulus fades and debt problems increase, Moody’s ... More

Real Estate & Mortgage News

  9/22/2020 | Posted in New Developments by Paul Solomons
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Shortages for lumber and other building materials are driving up construction costs this year.

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Real Estate & Mortgage News

  4/21/2020 | Posted in Canadian Housing Market by Paul Solomons
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Canadian home prices could fall a “relatively modest” five per cent by July as some owners are forced to sell in the face of the economic hardship brought on by ... More

Real Estate & Mortgage News

  1/30/2020 | Posted in Canadian Housing Market by Paul Solomons
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Quarterly price trend report shows most major markets posted gains.

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Real Estate & Mortgage News

  8/10/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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The recent slowdown in Canada’s hottest housing markets is turning a corner and a potential new price boom is threatening to frustrate would-be buyers’ hopes.

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Real Estate & Mortgage News

  5/1/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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The Canadian government should consider being flexible on its new mortgage lending rules because the impact has been longer-lasting and more significant than expected, ... More

Real Estate & Mortgage News

  4/11/2019 | Posted in Canadian Housing Market by Paul Solomons
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While this season usually brings a wave of interested buyers, economists wonder if we’ll see a spring thaw in the market this year.

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Real Estate & Mortgage News

  5/14/2018 | Posted in Luxury Real Estate by Paul Solomons
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Luxury home prices across Canada have remained “relatively resilient” this year so far despite lower sales in the Greater Toronto Area (GTA) and Greater Vancouver, ... More

Real Estate & Mortgage News

  2/8/2018 | Posted in Real Estate Market by Paul Solomons
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New Canadian home prices stalled for the first time in almost three years, another signal that the boom in Toronto has been slowed by higher interest rates and tougher rules ... More

Real Estate & Mortgage News

  1/4/2018 | Posted in Mortgages and Real Estate by Paul Solomons
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By all indications, 2017 has proven to be a tumultuous period in the mortgage and real estate spheres, but a markets observer argued that this year will offer a measure of ... More

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  8/25/2017 | Posted in GTA Real Estate by Paul Solomons
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The basic lesson: A property is worth what a buyer is willing to pay

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Real Estate & Mortgage News

  8/22/2017 | Posted in Mortgages and Real Estate by Paul Solomons
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Canadians have qualified for much larger mortgages over the past two decades due to record-low interest rates, and that has impacted affordability according to the Fraser ... More

Real Estate & Mortgage News

  7/6/2017 | Posted in Toronto Real Estate by Paul Solomons
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New statistics released by the Toronto Real Estate Board once again confirm everyone didn't just wake up to a shortage of land overnight.

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Real Estate & Mortgage News

  6/21/2017 | Posted in GTA Real Estate by Paul Solomons
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Internal mid-month statistics for June from the Toronto Real Estate Board show average prices in the Greater Toronto Area shed almost 6.4 per cent in just two weeks with sales ... More

Real Estate & Mortgage News

  6/14/2017 | Posted in Real Estate Market by Paul Solomons
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In May, the Teranet–National Bank National Composite House Price Index™ was up 2.2% from the previous month, the largest May gain in the 19-year history of the ... More

Real Estate & Mortgage News

  5/25/2017 | Posted in Real Estate Market by Paul Solomons
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Efforts to rein in Toronto's hot housing market and recent problems at mortgage lender Home Capital are unlikely to hurt Canada's national real estate market as low ... More

Real Estate & Mortgage News

  4/5/2017 | Posted in GTA Real Estate by Paul Solomons
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Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,077 residential sales through TREB’s MLS® System in ... More

Real Estate & Mortgage News

  3/27/2017 | Posted in Toronto Real Estate by Paul Solomons
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Toronto’s housing market is likely to stay strong for the rest of the year, with home prices jumping as much as 25 per cent, amid hints that speculators are fuelling ... More

Real Estate & Mortgage News

  3/22/2017 | Posted in Toronto Real Estate by Paul Solomons
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The ever-rising home prices in Toronto are set to gather pace and require policy measures to curb speculation according to economists.

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Real Estate & Mortgage News

  3/22/2017 | Posted in GTA Real Estate by Paul Solomons
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In the first two months of 2017 there were 2,876 such sales, up from 1,548 in the same period of 2016, a top real estate brokerage reports.

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Real Estate & Mortgage News

  3/20/2017 | Posted in Real Estate News by Paul Solomons
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Ontario Finance Minister Charles Sousa is urging Ottawa to address speculative investing in the country's housing markets by changing how such profits are taxed.

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Real Estate & Mortgage News

  3/14/2017 | Posted in Real Estate Market by Paul Solomons
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Canadian home prices rose in February as prices continued to climb in the hot Toronto market, data showed on Tuesday in a report that was unlikely to alleviate concerns from ... More

Real Estate & Mortgage News

  3/7/2017 | Posted in Real Estate Market by Paul Solomons
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Vacancy rates are tight across Canada as residents find themselves priced out of the housing market.

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Real Estate & Mortgage News

  3/6/2017 | Posted in Ontario Real Estate by Paul Solomons
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The continued boom in the housing market in the Greater Toronto Area continues to push other Ontario markets higher.

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Real Estate & Mortgage News

  3/6/2017 | Posted in Toronto Real Estate by Paul Solomons
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The government remains “very focused” on monitoring the Canadian housing market, Finance Minister Bill Morneau said. His remarks come amid rising prices in Toronto ... More

Real Estate & Mortgage News

  3/5/2017 | Posted in Toronto Real Estate by Paul Solomons
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Add Canada’s largest bank to the growing chorus of lenders worrying about unsustainable price growth in Toronto. Sparking speculation that further mortgage rule ... More

Real Estate & Mortgage News

  2/24/2017 | Posted in GTA Real Estate by Paul Solomons
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A new record has been set in the Greater Toronto Area with the average single-family ground-oriented home now surpassing $1 million, the Building Industry and Land Development ... More

Real Estate & Mortgage News

  2/17/2017 | Posted in GTA Real Estate by Paul Solomons
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Well, this may be the first time in recent memory a big bank economist has used the feared B-word in relation to real estate. Bubble.

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Real Estate & Mortgage News

  2/14/2017 | Posted in Real Estate Market by Paul Solomons
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In January, the Teranet–National Bank National Composite House Price Index™ was up 0.5% from the previous month, matching the largest January increases in the ... More

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