Real Estate News, Articles, Reports, Analysys & Trends
8/12/2022 | Posted in First Time Home Buyers by Kelly Healy
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Details of a new account to help Canadians save to buy their first home have been revealed this week. ... More

8/11/2022 | Posted in Condos For Sale by Kelly Healy
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A recent research report found that condo boards should be making sure there are enough reserve funds being budgeted to help pay for expensive repairs in the future. ... More

8/9/2022 | Posted in Canadian Economy and Interest Rates by Kelly Healy
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A massive rate jump at the central bank’s meeting next month is a near certainty, economists say ... More

8/8/2022 | Posted in Canadian Economy and Housing Market by Kelly Healy
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Expand the Bank of Canada mandate, for starters ... More

8/5/2022 | Posted in Mortgages and Real Estate by Kelly Healy
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Trend builds on substantial annual increase in Canadian residential mortgage debt last year. ... More

8/4/2022 | Posted in GTA Real Estate by Kelly Healy
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There were 4,912 home sales reported through the Toronto Regional Real Estate Board (TRREB) MLS® System in July 2022 - down by 47 per cent compared to July 2021. Following the ... More

8/2/2022 | Posted in Toronto Real Estate by Kelly Healy
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Sales of new condominiums in the greater Toronto area declined by 19 per cent sequentially in the second quarter of this year, while the average price per square foot reached a ... More

8/2/2022 | Posted in Toronto Real Estate by Kelly Healy
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There are signs that the broader real estate slowdown has spread to the preconstruction market, where purchases are seen as bets on future housing because buyers wait years for ... More

8/1/2022 | Posted in Home Buyers by Kelly Healy
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Here is a list of expenses you will have with carrying a home. ... More

7/31/2022 | Posted in Home Buyers by Kelly Healy
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Here are the pros and cons of buying a house in a recession - and everything in between. ... More

7/30/2022 | Posted in Canada Living by Kelly Healy
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These circumstances create one of the greatest lifetime wealth-building opportunities for millennials and Gen Z. ... More

7/29/2022 | Posted in GTA Real Estate by Kelly Healy
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The Greater Toronto Area’s average rent has reached a new high in Q2 amid intensified competition, according to the region’s real estate industry association. ... More

7/25/2022 | Posted in Real Estate Investments by Kelly Healy
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Over the last year, the central bank issued repeated warnings about the risk investors posed to the market as they became a greater share of the country’s homebuyers. ... More

7/25/2022 | Posted in Toronto Real Estate by Kelly Healy
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New data is revealing how much money Toronto residents need to make in order to afford to purchase a home in the city. ... More

7/19/2022 | Posted in Rental Market by Kelly Healy
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GTA rent prices rose by “the fastest pace on record” in the second quarter of this year with the average one-bedroom unit being leased out for nearly $2,200 a month, a ... More

7/18/2022 | Posted in Mortgages and Real Estate by Kelly Healy
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A BMO Capital Markets senior economist says the Bank of Canada's recent move to increase its key interest rate is setting up the housing market for an even deeper correction ... More

7/18/2022 | Posted in Interest Rates by Kelly Healy
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The Bank of Canada's intention to "frontload" its path to higher rates means its policy rate could peak as early as September, according to a prominent CIBC ... More

7/18/2022 | Posted in Canadian Housing Market by Kelly Healy
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The trend in housing starts was 258,295 units in June, up from 252,444 units in May, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month ... More

7/15/2022 | Posted in Canadian Housing Market by Kelly Healy
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in June 2022. ... More

7/14/2022 | Posted in Canadian Economy and Interest Rates by Kelly Healy
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According to the Bank of Canada’s new forecast, the rate shock it just delivered will keep inflation expectations in check, restraining wage demands and price increases. ... More

7/13/2022 | Posted in Mortgages and Real Estate by Kelly Healy
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The Bank of Canada increased its key interest rate by one percentage point Wednesday in the largest hike the country has seen in 24 years. ... More

7/13/2022 | Posted in Mortgages and Real Estate by Kelly Healy
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The Bank of Canada has raised its benchmark interest rate by the largest amount in more than 20 years, sharply increasing the cost of borrowing in an attempt to rein in runaway ... More

7/13/2022 | Posted in GTA Real Estate by Kelly Healy
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Royal LePage has cut its home price forecast for this year amid a series of aggressive interest rate hikes which have pushed up the cost of borrowing and cooled the demand for ... More

7/12/2022 | Posted in Canadian Housing Market Predictions by Kelly Healy
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CMHC revises down home price forecast over next two years to adjust for interest rate spike. ... More

7/11/2022 | Posted in Toronto Real Estate by Kelly Healy
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The cost of building housing in Toronto will soon rise by tens of thousands of dollars per unit as the city hikes development charges by nearly 50 per cent. ... More

7/10/2022 | Posted in Mortgage Interest Rates by Kelly Healy
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Economists are predicting the Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally. ... More

7/8/2022 | Posted in Mortgages and Real Estate by Kelly Healy
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As interest rates tick up, financial experts expect to see delinquency on home equity lines of credit rise in the next few months, especially if inflation refuses to budge. ... More

7/6/2022 | Posted in GTA Real Estate by Kelly Healy
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Higher borrowing costs continued to impact home sales in June 2022. Sales totalled 6,474 – down by 41 per cent compared to last year’s strong result. The number of ... More

7/5/2022 | Posted in Canadian HELOC by Kelly Healy
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A much anticipated federal clampdown on a new mortgage product that sinks over-leveraged homeowners deeper into debt has fizzled. ... More

7/1/2022 | Posted in Holidays and Traditions by Kelly Healy
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Smile, laugh and enjoy ... It is Canada Day!!!! ... More

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