4/5/2024 | Posted in Canadian Housing Market by Kit Blott
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The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026. ... More

Real Estate & Mortgage News

  8/6/2023 | Posted in Mortgages and Real Estate by Kit Blott
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With the Bank of Canada’s interest rate hikes aimed at fighting inflation, the housing market in Canada experienced a slight drop in prices, according to a new report from ... More

Real Estate & Mortgage News

  4/21/2020 | Posted in Canadian Housing Market by Kit Blott
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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 Kit Blott
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Quarterly price trend report shows most major markets posted gains. ... More

Real Estate & Mortgage News

  8/10/2019 | Posted in Mortgages and Real Estate by Kit Blott
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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. ... More

Real Estate & Mortgage News

  5/1/2019 | Posted in Mortgages and Real Estate by Kit Blott
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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 Kit Blott
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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. ... More

Real Estate & Mortgage News

  5/14/2018 | Posted in Luxury Real Estate by Kit Blott
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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 Kit Blott
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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 for ... More

Real Estate & Mortgage News

  1/4/2018 | Posted in Mortgages and Real Estate by Kit Blott
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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 respite ... More

Real Estate & Mortgage News

  10/10/2017 | Posted in Real Estate Market by Kit Blott
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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 Kit Blott
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The basic lesson: A property is worth what a buyer is willing to pay ... More

Real Estate & Mortgage News

  8/22/2017 | Posted in Mortgages and Real Estate by Kit Blott
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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 Kit Blott
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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. ... More

Real Estate & Mortgage News

  6/21/2017 | Posted in GTA Real Estate by Kit Blott
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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 Kit Blott
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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 index. ... More

Real Estate & Mortgage News

  5/25/2017 | Posted in Real Estate Market by Kit Blott
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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 Kit Blott
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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 March ... More

Real Estate & Mortgage News

  3/27/2017 | Posted in Toronto Real Estate by Kit Blott
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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 demand ... More

Real Estate & Mortgage News

  3/22/2017 | Posted in Toronto Real Estate by Kit Blott
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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. ... More

Real Estate & Mortgage News

  3/22/2017 | Posted in GTA Real Estate by Kit Blott
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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. ... More

Real Estate & Mortgage News

  3/20/2017 | Posted in Real Estate News by Kit Blott
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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. ... More

Real Estate & Mortgage News

  3/14/2017 | Posted in Real Estate Market by Kit Blott
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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 some ... More

Real Estate & Mortgage News

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

Real Estate & Mortgage News

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

Real Estate & Mortgage News

  3/6/2017 | Posted in Toronto Real Estate by Kit Blott
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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 and ... More

Real Estate & Mortgage News

  3/5/2017 | Posted in Toronto Real Estate by Kit Blott
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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 changes ... More

Real Estate & Mortgage News

  2/24/2017 | Posted in GTA Real Estate by Kit Blott
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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 Kit Blott
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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. ... More

Real Estate & Mortgage News

  2/14/2017 | Posted in Real Estate Market by Kit Blott
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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 18-year ... More

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