GTA Sales and Price Continue to Improve While Listings Remain Constrained
6/5/2023 | Posted in GTA Real Estate by Jessi Sandhu
GTA REALTORS® reported 7,531 sales through TRREB’s MLS® System in April 2023 – down by 5.2 per cent compared to April 2022.
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Home sales up 25% from last year, but supply remains low: Toronto real estate board
6/3/2023 | Posted in GTA Real Estate by Jessi Sandhu
The slowdown in Toronto's housing market continued to slip away last month as home sales came in higher than they were a year ago and prices edged closer to pandemic ... More
Q1 Greater Toronto Area high-rise land sales fall over 50%
5/25/2023 | Posted in Commercial Real Estate by Jessi Sandhu
Transactions for high-density land in the Greater Toronto Area are down over 50 per cent from 2022 according to Bullpen Research & Consulting Inc. and Batory ... More
Monthly Mortgage Payments Could Spike 20-40% Over Next 3 Years: Bank of Canada
5/31/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu
While a large number of mortgage holders have seen their monthly payment rates jump over the past year due to rising interest rates, the Bank of Canada (BoC) says the impact ... More
Demand grows in Canada for short-term fixed-rate mortgages
5/17/2023 | Posted in Home Buyers by Jessi Sandhu
A string of aggressive interest rate hikes from the Bank of Canada is driving short-term fixed-rate mortgage demand higher, according to a new survey.
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Recreational homes: What to know about inheriting a cottage
6/3/2023 | Posted in Recreational Properties by Jessi Sandhu
With a high number of Canadians expected to retire over the next few years, the trend of younger generations inheriting their family cottages will contribute to “major ... More
Housing affordability in Canada just saw the biggest improvement in almost 4 years
6/3/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Stable interest rates and a continued cooling in home prices helped give housing affordability in Canada its biggest jump in almost four years in the first quarter of 2023, ... More
Lenders - including some big banks -are hiking fixed mortgage rates again
5/29/2023 | Posted in Interest Rates by Jessi Sandhu
The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks.
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Strengthening Demand and Lack Of Housing Supply Pushes Up Prices In The GTA
6/2/2023 | Posted in GTA Real Estate by Jessi Sandhu
The Greater Toronto Area (GTA) housing market continued to improve from a sales perspective in May 2023.
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Report: Commercial market "held steady" in the first quarter
6/1/2023 | Posted in Commercial Real Estate by Jessi Sandhu
Commercial activity in multiple asset classes held steady in Q1 2023 even as markets continued to labour under higher borrowing costs and sustained inflationary pressures, ... More
Canadian consumer debt hits all-time high, reaching $2.32 trillion in Q1 2023: TransUnion
6/1/2023 | Posted in Financial Health by Jessi Sandhu
Amid interest rate hikes and high inflation, more Canadians are turning to credit for relief, with consumer debt hitting a new record in the first quarter of 2023.
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Cap rates still trend up, transaction activity stays slow: CBRE
5/3/2023 | Posted in Commercial Real Estate by Jessi Sandhu
While overall transaction activity remains relatively slow, private buyers continued to be more active than institutional investors in the first quarter, according to ...
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More than half of GTA condo investors losing money on properties, says new report
5/29/2023 | Posted in GTA Real Estate by Jessi Sandhu
'A change in investor behaviour is on the horizon,' report says
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Growing number of economists predicting another imminent BoC rate jump
5/23/2023 | Posted in Interest Rates by Jessi Sandhu
Housing market growth and persistent inflation challenges are hardening expectations of an increase
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Toronto housing market - what's next?
5/23/2023 | Posted in GTA Real Estate by Jessi Sandhu
Activity is ramping up across the GTA ? but challenges remain
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Further BoC hike may be necessary, says leading economist
5/24/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu
The central bank has kept the policy rate frozen at 4.5% in its two most recent meetings
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Canada's residential mortgage debt now $2.08trn, says CMHC
5/25/2023 | Posted in Financial Health by Jessi Sandhu
The federal housing agency has revealed the latest industry trends
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Appetite for investment property remains strong, says Royal LePage
5/26/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Higher interest rates have not been an impediment to residential investors, new report says
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Recovery clearly apparent in GTA's new home market: report
5/26/2023 | Posted in GTA News by Jessi Sandhu
The Greater Toronto Area (GTA) new home market rebounded in April as sales levels started to return to “more traditional” levels, according to Altus Group and the ... More
Tiff Macklem named new Bank of Canada governor amid COVID-19 pandemic
4/30/2020 | Posted in Anouncements by Jessi Sandhu
Tiff Macklem, a former second-in-command at the Bank of Canada, is returning to the central bank to take over the top job at a moment that he says cries out for bold, ... More
Canadian banks expected to tighten home equity line of credit access
4/30/2020 | Posted in Canadian HELOC by Jessi Sandhu
Canadian banks may clamp down on HELOCs to reduce the risk of spikes in sour loans, which the banks are already bracing for
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Malls face catastrophic hit in Canada with unpaid rent surging
4/27/2020 | Posted in Commercial Real Estate by Jessi Sandhu
Canada’s malls are facing a wave of skipped rents and could see vacancy rates triple by year-end, with the coronavirus poised to leave its scars on a fragile retail ... More
2020 Property Tax Deferral Schedule in the GTA
4/27/2020 | Posted in GTA News by Jessi Sandhu
TRREB has developed a COVID-19 property tax deferral schedule for every Greater Toronto Area municipality for your convenience and use.
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Home prices have some support despite sales slowdown
4/26/2020 | Posted in Canadian Housing Market by Jessi Sandhu
The national market can still provide some impetus for home price growth despite declining sales, according to Royal Bank of Canada Senior Economist Robert Hogue.
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TRREB Releases Mid-April Market Update
4/22/2020 | Posted in GTA Real Estate by Jessi Sandhu
Greater Toronto Area REALTORS® reported 1,654 home sales through TRREB’s MLS® System during the first 17 days of April – down by 69 per cent compared to the ... More
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