Real Estate News, Articles, Reports, Analysys & Trends

3/16/2023 | Posted in Canadian Housing Market by Russell Pearsall
SHARE

Many Canadian homebuyers were sidelined after interest rates climbed to the highest level in more than a decade last year, but a new report found most individuals that ... More

Wave of sidelined homebuyers plan to return to the market this spring

3/14/2023 | Posted in Mortgages and Real Estate by Russell Pearsall
SHARE

The latest data shows Canadians are spending 7.66% of their household disposable income on servicing their mortgage debt.

... More

Mortgage debt taking up a record share of income

3/15/2023 | Posted in Canadian Housing Market by Russell Pearsall
SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up on a month-over-month basis in February 2023.

... More

Canadian home sales rise in February despite drop in new supply

3/14/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
SHARE

Bond markets predicting interest rates to fall – and possibly very soon

... More

Bank of Canada rate cut now 'a near certainty'

3/9/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
SHARE

The central bank has left its policy rate untouched for the first time in over a year

... More

Bank of Canada keeping options open but could be done on hikes: CIBC's Tal

3/8/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
SHARE

The Bank of Canada maintained its policy rate at 4.5 per cent, following eight consecutive rate hikes since March.

... More

Bank of Canada holds key interest rate at 4.5 per cent

3/8/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
SHARE

Royal Bank of Canada (RBC) has published its report and outlook on the country’s housing market and sees the market downturn headed towards its conclusion.

... More

The end is nigh for Canada's housing market downturn, RBC reports

3/7/2023 | Posted in Canadian Economy and Housing Market by Russell Pearsall
SHARE

As home prices and interest rates remain elevated, a record number of non-homeowners think they’ll never afford a house, according to a new survey.

... More

'Record-high number' of Canadians don't think they'll ever afford a home: survey

3/3/2023 | Posted in GTA Real Estate by Russell Pearsall
SHARE

February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early 2022.

... More

GTA Home Sales and Listings Drop In February

3/3/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
SHARE

One year after the Bank of Canada's aggressive rate hike cycle began, economists widely expect the central bank will stick to its plan of holding its key interest rate ... More

BoC expected to hold interest rate next week, one year after aggressive cycle began

3/2/2023 | Posted in New Developments by Russell Pearsall
SHARE

The federal government's foreign buyer ban aimed at making housing more affordable for Canadians is creating uncertainty for real estate developers, forcing some to put ... More

Canada's foreign buyer ban putting housing developments on hold

3/1/2023 | Posted in Mortgage Interest Rates by Russell Pearsall
SHARE

Over 70% of CIBC’s variable-rate customers are seeing all of their mortgage payments go towards servicing interest costs.

... More

Nearly three-quarters of CIBC's variable-rate clients have reached their trigger rate

3/1/2023 | Posted in First Time Home Buyers by Russell Pearsall
SHARE

Move over RRSP Home Buyers' Plan (HBP) - there's a new kid in town. The Tax-Free First Home Savings Account (FHSA) arrives on April 1st, 2023.

... More

FHSA Is A Must Have For First-Time Home Buyers

2/22/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
SHARE

Despite a decline in general inflation, grocery prices have increased at double the rate of everything else. That could mean more rate hikes ahead.

... More

Bank of Canada might need to raise rates if companies keep raising prices, Macklem warns

2/17/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
SHARE

As it fights to regain the confidence it lost during the battle to control inflation last year, a Senate committee has demanded increased parliamentary supervision of the Bank ... More

Senate demands greater transparency from Bank of Canada

2/16/2023 | Posted in Interest Rates by Russell Pearsall
SHARE

Governor Tiff Macklem set an optimistic tone in a speech Thursday but kept it real with warnings about potential headwinds

... More

BoC: Time to pause but there are no guarantees that will stick

2/16/2023 | Posted in Rental Market by Russell Pearsall
SHARE

Canada’s explosive population growth from immigration is causing rents to surge in its biggest cities.

... More

Rents are soaring in Canada as surge of people goes undercounted

2/15/2023 | Posted in Canadian Housing Market by Russell Pearsall
SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month-over-month basis in January 2023.

... More

 Canadian home sales begin 2023 at 14-year low

2/14/2023 | Posted in Mortgage Interest Rates by Russell Pearsall
SHARE

One of the most prominent discussion points between brokers, agents and their clients, the fixed-versus-variable debate, took a significant swing in 2022 as a big trend of ... More

What's next for variable-rate mortgages in 2023?

2/14/2023 | Posted in Canada Living by Russell Pearsall
SHARE

As Canada prepares to ramp up immigration levels, a new report says the country will need to build 50 per cent more housing than what's already being planned.

... More

Canada needs to build 50 per cent more homes as Ottawa plans for higher immigration levels: report

2/10/2023 | Posted in GTA Rental Market by Russell Pearsall
SHARE

The deficit of rental housing in the Greater Toronto Area is poised to double to 177,000 units over the next decade amid “record high immigration” and declining ... More

GTA rental housing deficit could double to 177,000 units over the next decade, new report warns

2/10/2023 | Posted in Canadian Housing Market Predictions by Russell Pearsall
SHARE

A new report says Canada's housing market will see new listings fall in the first quarter before rebounding later in the year and then, slowing to a more modest growth pace ... More

Canada's housing market to see listings fall in first quarter, before rebounding: TD

2/8/2023 | Posted in Real Estate News by Russell Pearsall
SHARE

A recent dip in GoC bond yields has provided some welcome relief – but more twists and turns could be ahead

... More

What's next for fixed mortgage rates in Canada?

2/8/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
SHARE

Governor Tiff Macklem said the Bank of Canada needs to keep interest rates steady to avoid slowing the economy too much, defending his decision to pause hikes in remarks that ... More

Macklem defends Bank of Canada rate pause as growth grinds to halt

2/7/2023 | Posted in Canadian Housing Market by Russell Pearsall
SHARE

Investors made up between one-fifth and one-third of home purchases in 2020, according to new data from Statistics Canada.

... More

Investors made up 20-30% of home purchases during the pandemic: StatCan

1/26/2023 | Posted in Mortgages and Real Estate by Russell Pearsall
SHARE

Central bank signalled it would put the rate hiking cycle on pause - at least for now

... More

Bank of Canada comments offer light at the end of the tunnel for real estate, mortgage markets, experts say

2/3/2023 | Posted in Toronto News by Russell Pearsall
SHARE

The deadline for Toronto homeowners to declare whether or not their property is occupied has been extended until the end of the month, Mayor John Tory has announced.

... More

Vacant home tax deadline pushed back until end of the month

2/3/2023 | Posted in Mortgages and Real Estate by Russell Pearsall
SHARE

An analysis of homeowners' loan-to-value ratios reveals resilient position despite challenges.

... More

Are mortgage borrowers a risk to Canadian housing market?

2/3/2023 | Posted in GTA Real Estate by Russell Pearsall
SHARE

As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded as expected. The number of January sales and the overall average selling price were ... More

GTA Real Estate Market Starts the New Year the Same as It Ended Last Year

1/27/2023 | Posted in Canadian Housing Market Predictions by Russell Pearsall
SHARE

The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity for 2023 and 2024. It’s predicting good news for the market in the coming ... More

CREA: Expect a market turnaround in 2023
Ask Russell Pearsall

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.