Real Estate News, Articles, Reports, Analysys & Trends

5/30/2024 | Posted in Government and Regulation by Russell Pearsall
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The Ontario government has introduced legislation that includes a new 10-day cooling-off period for purchases of new freehold homes.

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New legislation includes 10-day 'cooling-off' period for new home purchases

5/29/2024 | Posted in Mortgages and Real Estate by Russell Pearsall
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Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and ... More

Residential mortgage debt hits $2.16 trillion amid slowest growth in 23 years: CMHC

5/29/2024 | Posted in GTA News by Russell Pearsall
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About half of GTA residents say they would consider leaving to buy property in one of Canada’s more affordable cities, according to a new Royal LePage survey.

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Half of Toronto area residents would consider buying home in more affordable city: Royal LePage

5/29/2024 | Posted in Financial Health by Russell Pearsall
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A new report suggests an increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household ... More

More Canadians only making minimum payment on credit cards: TransUnion

5/25/2024 | Posted in Toronto Real Estate by Russell Pearsall
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Move will open up housing options and build density

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Toronto will allow townhomes, small apartments on major streets

5/17/2024 | Posted in Canada Living by Russell Pearsall
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Working population in first 4 months this year surpassed already unprecedented numbers for 2023

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'Huge increases': Economists sound alarm over impact of Canada population growth on housing market

5/22/2024 | Posted in Mortgages and Real Estate by Russell Pearsall
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Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans ... More

Bank Regulator in Canada Warns of Housing-Payment Shock by 2026

5/22/2024 | Posted in Government and Regulation by Russell Pearsall
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Toronto and Ottawa recently raised the fees despite a warning from Fraser that it would cut them off from future funds

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Housing minister says he's trying to convince big cities not to hike development charges

5/22/2024 | Posted in Canadian Housing Market by Russell Pearsall
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Interest rates for builders and buyers playing into slowdown, putting dozens of housing projects on pause.

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Ontario's pace of new home construction slows to 2018 levels

5/21/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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Canada's headline inflation rate continued to ease in April, leaving the door open to a Bank of Canada rate cut next month.

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June rate cut still a

5/21/2024 | Posted in Canadian Housing Market by Russell Pearsall
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The Teranet-National Bank composite house price index which tracks home prices in 11 of Canada's largest cities remained stable from March to April.

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Teranet-National Bank composite house price index held steady in April

5/15/2024 | Posted in Canadian Housing Market by Russell Pearsall
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Canadian home sales dipped in April 2024 when compared to March, even as the number of properties available for sale rose to kick off the spring market.

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Home Buyers Remain Cautious Amid Increasing Spring Listings

5/10/2024 | Posted in Rental Market by Russell Pearsall
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The average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first ... More

April asking rent prices up 9.3% across Canada; as Ontario sees only decline: report

5/2/2024 | Posted in New Developments by Russell Pearsall
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As of the beginning of April, 2024, 324 cranes towered over the skies of the Greater Toronto and Hamilton Area (GTHA), representing a slight, but persistent, downward ... More

Cranes Are... Dropping? UrbanToronto Reports the Crane Count for Q1 2024

5/2/2024 | Posted in Canada Living by Russell Pearsall
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New study shows how parental wealth significantly affects millennials and Gen Z's home ownership and property values in Canada

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Parental wealth boosts young Canadians' home ownership

5/2/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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Economic stagnation prompts the Bank of Canada to plan a rate cut in June, contrasting with the US Federal Reserve's strategy

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Bank of Canada set for June rate cut, diverging from Fed

4/30/2024 | Posted in Recreational Properties by Russell Pearsall
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Canada’s recreational property market hasn’t seen an influx of listings and is unlikely to at all this year, according to Re/Max Canada’s 2024 Cottage Trends ... More

Canada's 2024 recreational property market holds steady amid demographic shifts and policy influences

4/30/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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Canada’s quarterly gross domestic product edged up 0.2% in February, suggesting the Bank of Canada may have a reason to cut rates in the summer.

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Canada's latest GDP figures may prompt Bank of Canada summer rate cut: Economists

5/3/2024 | Posted in GTA Real Estate by Russell Pearsall
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April 2024 home sales were down in comparison to April 2023, when there was a temporary resurgence in market activity. New listings were up strongly year-over-year, which meant ... More

TRREB: More Choice for Home Buyers in April

4/30/2024 | Posted in Home Buyers by Russell Pearsall
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The majority of Canadians aspiring to buy a home say they will push their plans to next year or later to wait for interest rates to drop, a new survey shows.

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Majority of aspiring homeowners awaiting rate cuts before buying: BMO survey

4/16/2024 | Posted in Commercial Real Estate by Russell Pearsall
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An Altus Group study found that, in the final quarter of 2023, the Greater Toronto Area (GTA) witnessed a total dollar volume of $22.8 billion in 2023’s final quarter, ... More

Toronto's Commercial Real Estate Update

4/16/2024 | Posted in Government and Regulation by Russell Pearsall
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Housing was a key priority in today’s federal budget, though it came as no surprise given the array of housing-related policy announcements unveiled in recent weeks.

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Budget 2024 housing highlights: capital gains inclusion rate on secondary homes rises to 66.7%

4/18/2024 | Posted in Home Buyers by Russell Pearsall
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As variable-rate mortgage holders eagerly anticipate the Bank of Canada’s first rate cut, fixed rates are heading in the other direction: up.

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Fixed mortgage rates are rising. What's the deal?

4/16/2024 | Posted in Canadian Housing Market by Russell Pearsall
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Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.

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Housing starts down seven per cent in March from February: CMHC

4/12/2024 | Posted in Government and Regulation by Russell Pearsall
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The federal government today confirmed plans to consult with the mortgage industry on developing income verification tools through the Canada Revenue Agency.

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Feds commit to exploring CRA income verification in budget 2024 to address mortgage fraud

4/16/2024 | Posted in Mortgages and Real Estate by Russell Pearsall
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Canadian regulator cracks down on high-debt mortgages to protect borrowers

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OSFI announces new stress test for uninsured mortgages

4/12/2024 | Posted in GTA Real Estate by Russell Pearsall
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Housing prices in the GTA are expected to rise 10 per cent this year and will likely surpass those in Greater Vancouver by the end of 2024, according to an updated forecast by ... More

GTA home prices to see biggest gains in 2024 as Canada's housing market set for 'uncomfortably busy' fall: Royal LePage

4/11/2024 | Posted in Government and Regulation by Russell Pearsall
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Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians ... More

Ottawa to allow 30-year amortization for first-time buyers' mortgages on new homes

4/12/2024 | Posted in Canadian Housing Market by Russell Pearsall
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While there are expectations the Canadian housing market will pick up on some level this year, home sales and prices were mostly unchanged on a month-over-month basis in March ... More

Hints of Active Spring Market in March Housing Data
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