
New housing measures risk "unintended consequences": TD
4/16/2021 | Posted in Canadian Housing Market by Jessi Sandhu
In a report to clients Thursday, TD Senior Vice-President and Chief Economist Beata Caranci said that ultimately, rock-bottom interest rates are to blame and warned against any ... More

Canadian housing market has hottest month ever
4/16/2021 | Posted in Canadian Housing Market by Jessi Sandhu
The Canadian housing market hit a new record with more properties changing hands in March than any month in history, as sky-high prices lured more homeowners to try to cash ... More

Record home sales in March 2021, new supply increases
4/15/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in March 2021 as increased supply became ... More

CIBC CEO urges action on increasing rental housing supply
4/15/2021 | Posted in Rental Market by Jessi Sandhu
Canadian policy makers need to take steps to increase housing supply, particularly rental stock, according to the chief executive officer of Canadian Imperial Bank of ... More

Does deferring payments during the pandemic affect your credit score?
4/14/2021 | Posted in Home Owners by Jessi Sandhu
According to Equifax, last year there were 900,000 deferred mortgages and 1.2 million deferred credit card payments.
... More
Bank of Canada on the commercial market's outlook for the coming year
4/14/2021 | Posted in Commercial Real Estate by Jessi Sandhu
The central bank’s latest quarterly survey found that executives have become more optimistic when it comes to their sales and investment projections in the coming year, ... More

How quickly will fixed rates rise in Canada?
4/11/2021 | Posted in Mortgage Interest Rates by Jessi Sandhu
With the lowest rates for five-year fixed mortgage products in Canada having risen last month for the first time since January 2020, speculation began to mount in the mortgage ... More

36% of young Canadian adults have given up on owning home: RBC survey
4/13/2021 | Posted in First Time Home Buyers by Jessi Sandhu
Real estate prices in many Canadian cities have climbed to all-time highs during the pandemic, so it should come as no surprise that some Canadians appear ready to give up on ... More

Canadian home prices forecast to end year 13.5% higher than 2020
4/13/2021 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
The aggregate price of a home in Canada increased 14.1 per cent year-over-year to $749,165 in the first quarter of 2021, as strong demand continues to outpace supply in ... More

Warehouse space seen running out in Canada by the end of this year
4/10/2021 | Posted in Commercial Real Estate by Jessi Sandhu
A huge shift to e-commerce means it may soon become nearly impossible for businesses to find places to store their goods.
... More
Here's how home prices compare to incomes across Canada
4/12/2021 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
In the pandemic-linked housing boom, average residential property values have become decoupled from average incomes over vast swathes of the country.
... More
Canada's Q1 downtown office vacancy rate rises to 14.3%, 4th straight gain
4/6/2021 | Posted in Commercial Real Estate by Jessi Sandhu
A new report indicates Canada's downtown office vacancy rate increased for the fourth consecutive quarter to reach 14.3 per cent as more properties became available in ... More

Over one-fifth of Canadians hoping housing prices fall significantly
4/8/2021 | Posted in Home Buyers by Jessi Sandhu
One in five Canadians are hoping for a significant fall in housing prices, a sign of the mounting frustration felt by many people looking to get into the country's hot ... More

Canada proposes tighter mortgage stress test as home prices surge
4/8/2021 | Posted in Home Buyers by Jessi Sandhu
Canada's financial regulator, which has been planning changes in its four-year-old mortgage stress test, on Thursday proposed making it tighter, following concerns that the ... More

Banking watchdog launches fresh consultation on mortgage stress test
4/8/2021 | Posted in Home Buyers by Jessi Sandhu
Canada’s top banking watchdog is about to take another stab at overhauling its stress test on residential mortgages.
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Toronto home sales double in March, average price hits $1.1M
4/6/2021 | Posted in Toronto Real Estate by Jessi Sandhu
Canada's largest housing market logged another month of record sales and price gains in March. The head of the local real estate board is warning of potential unintended ... More

Consumer Confidence And Low Interest Rates Drive Up Homes Sales In GTA
4/6/2021 | Posted in GTA Real Estate by Jessi Sandhu
For the third straight month of 2021, record home sales continued in March across the Greater Toronto Area (GTA) with buyers taking advantage of favourable borrowing costs and ... More

BoC's Macklem sees 'worrying' signs in housing market
3/31/2021 | Posted in Canadian Housing Market by Jessi Sandhu
The Bank of Canada is seeing “worrying” signs that some Canadians are taking on too much debt to buy into the nation’s hot housing market.
... More
More Calls for Policymakers to Intervene in Housing Frenzy
4/1/2021 | Posted in Canadian Housing Market by Jessi Sandhu
There are calls on policy-makers to take action to prevent a potential housing bubble due to prices going 'parabolic'.
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Three ways Ottawa could cool the housing market in the federal budget
4/5/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Feds face pressure over hot housing market ahead of 2021 budget
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Record-high lumber prices add as much as $30K to the cost of building a house
4/2/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Lumber supply is low, but demand keeps rising as homeowners nest during the pandemic
... More
Toronto's real estate market is so out of control that it's now considered high risk
3/27/2021 | Posted in Toronto Real Estate by Jessi Sandhu
The housing market in Toronto keeps on accelerating to defy all odds, with small one bedroom condos selling for in the $700,000s after bidding wars, the average home price ... More

3/30/2021 | Posted in Luxury Real Estate by Jessi Sandhu
Sales of homes valued at $4 million or more in the Greater Toronto Area saw a 157 per cent jump in activity.
... More
BMO warns policymakers could 'swing the hammer' on housing
3/30/2021 | Posted in Canadian Housing Market by Jessi Sandhu
BMO Economics isn’t ruling out the possibility of a policy response to cool rapidly overheating Canadian real estate markets.
... More
Policy interventions against market overheating needed now: RBC
3/30/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Long-term risks to the economy are being exacerbated by outsized demand, shrinking inventory
... MoreAt Your Service
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