Have fixed mortgage rates peaked?
5/24/2022 | Posted in Mortgage Interest Rates by Jessi Sandhu
Notwithstanding some additional rate hikes last week, fixed mortgage rates have seemingly plateaued following a stellar run-up over the past several months.
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Slowdown now apparent in GTA new home market
5/26/2022 | Posted in New Developments by Jessi Sandhu
However, some asset classes continue to boom compared with before the pandemic
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A Canada housing crash? Don't count on it, says RBC economist
5/25/2022 | Posted in Canadian Housing Market by Jessi Sandhu
"This is more likely to be a soft landing than a severe correction or some kind of crash or meltdown"
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A 50-bps rate hike in June is ''virtually guaranteed'' after April's hot inflation reading
5/19/2022 | Posted in Mortgage Interest Rates by Jessi Sandhu
The cost of living continued to increase in April, raising the odds that the Bank of Canada will respond forcefully with at least a 50-basis-point rate hike at its June ... More
Residential Market - Lingering heat in the housing market
5/19/2022 | Posted in Canadian Housing Market by Jessi Sandhu
Canada’s housing market is cooling down but it is still hotter than the long-term average and will likely stay that way for the next couple of years.
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Home prices fall for the second straight month to an average of $746,146
5/17/2022 | Posted in Canadian Housing Market by Jessi Sandhu
The average price for a house in Canada fell for the second straight month in April, posting a 12.6% decline from March.
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CMHC reveals Canadian housing starts latest
5/16/2022 | Posted in Canadian Housing Market by Jessi Sandhu
The annual pace of new home construction in April surpassed analysts' expectations
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National home sales drop over 12% in April as higher rates kick in
5/17/2022 | Posted in Canadian Housing Market by Jessi Sandhu
After two years of red-hot market activity, higher borrowing costs are causing a cool down in Canada’s feverish real estate markets during the traditionally busy spring ... More
The latest in mortgage news: BoC rate hike expectations grow
5/12/2022 | Posted in Interest Rates by Jessi Sandhu
The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year.
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Canadian office and industrial market update
4/26/2022 | Posted in Commercial Real Estate by Jessi Sandhu
Q1 2022: Heightened demand for industrial product persists, while office market availability reports slight uptick
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GTA New Condo Sales Reach Record High in Q1
5/4/2022 | Posted in GTA Real Estate by Jessi Sandhu
Greater Toronto Area (GTA) new condominium sales reached their highest Q1 on record with 8,253 units sold, rising 55% year-over-year and exceeding the 10-year average (5,154 ... More
BMO: Despite surging prices, homebuying interest is actually rising
4/26/2022 | Posted in Real Estate News by Jessi Sandhu
Canadian household budgets are being squeezed tight but buying a home remains on the wish list
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Lenders hike fixed rates yet again, closing in on 4.5%
5/9/2022 | Posted in Interest Rates by Jessi Sandhu
Following a jump in bond yields last week, lenders across the country once again bumped up their fixed mortgage rates.
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Big Banks Raise 5-Year Fixed Rates Above 4%
4/25/2022 | Posted in Interest Rates by Jessi Sandhu
Most of the country's big banks are now advertising special-offer 5-year fixed rates above 4%.
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Market Adjusts To Higher Borrowing Costs In April
5/4/2022 | Posted in GTA Real Estate by Jessi Sandhu
The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs, with the number of transactions down on a monthly and annual basis.
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It's official - Canada's economy is in a recession, C.D. Howe says
5/3/2020 | Posted in Canada Living by Jessi Sandhu
Canada is officially in a recession that's been caused by the COVID-19 pandemic, the C.D. Howe Institute's Business Cycle Council declared Friday.
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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
Forced selling may be headed for Canada's housing market
5/2/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
A sharp rise in joblessness, combined with the bust-out of the short-term rental market, will send Canadian house prices down in the short term, some market experts are ... 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
Toronto home sales plummet in April as coronavirus shutdowns hit housing market
4/22/2020 | Posted in GTA Real Estate by Jessi Sandhu
Toronto home sales tumbled in the first half of April, down 69 per cent compared with the previous year, as the coronavirus pandemic led to an economic slowdown and a huge ... More
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