Real Estate News, Articles, Reports, Analysys & Trends

12/6/2022 | Posted in GTA Real Estate by Jason Codell
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Homeownership market activity in November continued to be influenced by the impact of higher borrowing costs on affordability. Sales were down markedly compared to the same period ... More

Interest Rate Hikes Drive Down Home Sales and New Listings in November

12/5/2022 | Posted in Home Buyers by Jason Codell
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With Canada’s banking regulator set to deliver its verdict in mid-December on whether changes to the mortgage stress test are required, a prominent economist at one of the ... More

Is a change to the mortgage stress test on the way?

12/4/2022 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada is expected to increase interest rates once more this week, capping off a tumultuous year for the central bank. ... More

Forecasters split on how high Bank of Canada will push next rate hike

12/2/2022 | Posted in Interest Rates by Jason Codell
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The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on Wednesday. ... More

BoC expected to end year off with one more rate increase, likely to pause hikes soon

11/30/2022 | Posted in Toronto News by Jason Codell
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Residential properties unoccupied for more than 6 months per year may be subject to Toronto's new Vacant Home Tax. All residential property owners must declare the occupancy ... More

City of Toronto's Vacant Home Tax Coming in 2023

11/29/2022 | Posted in Mortgage Interest Rates by Jason Codell
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Fixed mortgage rates are slowly following bond yields and trending downward. ... More

As bond yields fall, mortgage providers are cutting fixed mortgage rates

11/29/2022 | Posted in Recreational Properties by Jason Codell
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Canada's popular ski regions have posted double-digit year-over-year home price appreciation1 since the beginning of 2022, despite rising interest rates and price declines in ... More

House prices in Canada's popular ski regions expected to dip 3% over the next year, despite year-over-year price gains

11/23/2022 | Posted in Home Buyers by Jason Codell
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Variable-rate mortgage holders who have recently purchased their homes will be especially burdened by the prevailing rate-hike environment, according to Bank of Canada senior ... More

Recent homebuyers to find rate increases painful: BoC

11/23/2022 | Posted in GTA Real Estate by Jason Codell
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The market is still reeling from the pronounced slowdown seen in the overall Canadian housing sector this year, new report says ... More

How did the GTA new home market perform in October?

11/22/2022 | Posted in Rental Market by Jason Codell
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Having already surpassed pre-pandemic levels, the average rent in Canada continued to rise in October. ... More

Average rent is nearly 12% higher compared to last year

11/21/2022 | Posted in Mortgages and Real Estate by Jason Codell
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At least two of Canada’s largest mortgage lenders allow borrowers to shift a portion of their interest costs onto the principal owed on their mortgages, helping them cope ... More

Major mortgage lenders let borrowers shift unpaid interest onto principal to cope with rising costs

11/16/2022 | Posted in Canadian Economy and Interest Rates by Jason Codell
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While Governor Tiff Macklem had left the door open to another oversized increase, the inflation data was seen supporting a downshift to a standard 25-bp increase, with the option ... More

Canadian inflation holds steady, boosting chances of 25-bp rate hike

11/16/2022 | Posted in Canadian Housing Market by Jason Codell
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Sales data shows some positive signs and Scotiabank believes the market could be on course for better days ahead. ... More

Despite price drop, is the Canadian housing market rebounding?

11/13/2022 | Posted in Toronto News by Jason Codell
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Toronto has been recognized as one of the top 25 best cities across the globe to live and work in for 2023. ... More

Toronto is listed as one of the best cities in the world. This is why

11/10/2022 | Posted in Toronto Real Estate by Jason Codell
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Activity in Toronto’s housing market appears to be levelling off following a sharp decline over the spring that saw home prices drop significantly. ... More

Toronto home prices have fallen 'substantially', RBC says. This is when they could bottom out

11/15/2022 | Posted in Canadian Housing Market by Jason Codell
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged a little higher in October 2022. ... More

Canadian home sales edge up from September to October

11/15/2022 | Posted in Real Estate Investments by Jason Codell
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The residential segment accounted for much of the deceleration, Statistics Canada says ... More

Construction investment slows down in September

11/15/2022 | Posted in Home Buyers by Jason Codell
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Already a source of huge debate in the mortgage industry since its introduction, the mortgage stress test came under scrutiny from executives at top Canadian lenders during a ... More

Canada's mortgage stress test - leading lenders weigh in

11/8/2022 | Posted in Mortgage Interest Rates by Jason Codell
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Plus: The trajectory of interest rates throughout the year to date ... More

Why are mortgage rates going up in Canada?

11/9/2022 | Posted in Commercial Real Estate by Jason Codell
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The trends in these areas were reflective of the softening market fundamentals across the GTA ... More

Why is the GTA's suburban office market moderating?

11/3/2022 | Posted in Commercial Real Estate by Jason Codell
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Extreme caution appears to be the prevailing strategy among the region's office tenants, new report says ... More

How did the GTA office market perform in Q3?

11/3/2022 | Posted in Toronto Real Estate by Jason Codell
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A multi-month slide in Toronto home prices slowed in October, as sellers stepped back in hope the market will improve if they wait. ... More

Toronto's home price slide slows as sellers hold tight

11/3/2022 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada is almost done with its current series of rate hikes, but consumers should brace for higher borrowing costs before the end, according to central bank governor ... More

BoC's Macklem: Rate hikes nearing end, but consumer pain ahead

11/3/2022 | Posted in GTA Real Estate by Jason Codell
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Despite the continued housing market transition to a higher borrowing cost environment, the average selling price in the Greater Toronto Area (GTA) found some support near $1.1 ... More

New GTA Listings Down While The Average Selling Price Levels Off In October

11/1/2022 | Posted in Canada Living by Jason Codell
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The federal government is planning a massive increase in the number of immigrants entering Canada, which will have a huge effect on the real estate market. ... More

Feds reveal plan to welcome 500,000 immigrants per year by 2025

11/1/2022 | Posted in Mortgages and Real Estate by Jason Codell
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A new survey has found that 53% of Canadian mortgage borrowers are concerned about the prospect of higher monthly payments at renewal time. ... More

Over half of mortgage borrowers concerned about renewals

10/27/2022 | Posted in Rental Market by Jason Codell
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The cost of renting a one-bedroom condominium in Toronto is now up more than 20 per cent year-over-year, as higher borrowing costs leave some would-be buyers on the sidelines. ... More

Condo rents continue to surge in the GTA as increased borrowing costs leave some would-be buyers on the sidelines: TRREB

10/26/2022 | Posted in Mortgage Interest Rates by Jason Codell
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The move marks the latest "supersized" rate jump of 2022 ... More

Bank of Canada makes another big rate hike

10/24/2022 | Posted in New Developments by Jason Codell
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The GTA new home market was very slow in September, with overall sales well below the 10-year average and inventories low, but rising slightly, the Building Industry and Land ... More

New home market very slow in September, inventory rose

10/25/2022 | Posted in Ontario Real Estate by Jason Codell
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The Ontario government announced sweeping housing changes on Tuesday that will override municipal zoning laws in some situations and allow for the construction of up to three ... More

Ontario announces sweeping housing changes that allow three units on one property

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