Ontario says crews can finish ongoing home renovations, but new projects are on hold
1/16/2021 | Posted in Ontario News by Jessi Sandhu
Ontario homeowners who haven’t started work on their renovation projects as of Jan. 12 will have to put their plans on hold under the province’s new construction ... More
CMHC reports annual pace of housing starts down in December
1/20/2021 | Posted in Canadian Housing Market by Jessi Sandhu
e annual pace of housing starts in December fell compared with November, according to Canada Mortgage and Housing Corp. (CMHC).
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Private-sector mortgage insurers say they're gaining market share in wake of CMHC tightening rules
1/19/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu
Loan-default insurance industry player says it gained market share following changes the Crown agency made last summer.
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Toronto apartment rents tumble as vacancy rates hit 50-year high
1/18/2021 | Posted in Rental Market by Jessi Sandhu
Toronto apartment hunters have a lot more options these days, as a flight into the suburbs led to an all-time high vacancy rate.
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Record December caps record year for Canadian home sales
1/15/2021 | 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 December 2020.
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Canada's housing market headed for soft landing by 2022: RBC
1/14/2021 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Canada’s housing market may be heading for a soft landing at the end of the year after what could be a record-breaking 2021, a new report by RBC Economics said.
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Younger Canadians moving away from big cities at record levels
1/14/2021 | Posted in Home Buyers by Jessi Sandhu
A record number of Canadians left major urban centers last year amid the pandemic, led by youth and young families.
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1/15/2021 | Posted in Ontario Real Estate by Jessi Sandhu
Despite strong push toward the suburbs, Toronto single-family homes see double-digit price gains in city centres, while the price of detached homes continue to outpace ... More
5 Predictions for Canadian Retail in 2021
1/14/2021 | Posted in Commercial Real Estate by Jessi Sandhu
Despite the recent arrival of the vaccine for the COVID-19 pandemic, a new report expects the first half of 2021 to be a continuation of 2020’s acceleration toward ... More
Bank of Canada 'micro rate cut' bets in play as lockdowns weigh
1/13/2021 | Posted in Mortgage Interest Rates by Jessi Sandhu
Money markets see an increased chance of the Bank of Canada cutting interest rates closer to zero, as tightening economic restrictions to contain a second wave of COVID-19 ... More
2021 will remain a seller's market: experts
1/13/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Plus, seven trends that could impact the real estate market
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Ontario issues stay-at-home order
1/13/2021 | Posted in Ontario News by Jessi Sandhu
The Ontario government has issued a stay-at-home order for the province beginning on Jan. 14 and has immediately declared a second state of emergency.
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Which demographic has the highest mortgage delinquency rate in Canada?
1/12/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu
The mortgage delinquency rate among Canadian seniors has reached its highest level in years, according to the Canada Mortgage and Housing Corporation.
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1/11/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Affordability and space limitations continue to impact purchase decisions as only 14% of Canadians polled would consider buying a home in a major metropolitan area.
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What will happen to Bank of Canada rates in 2021?
1/7/2021 | Posted in Mortgage Interest Rates by Jessi Sandhu
The Bank of Canada will likely leave the overnight lending rate unchanged for the whole of 2021, according to a recent forecast.
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Bargain hunting buyers caused condo sales to soar in December: RBC
1/8/2021 | Posted in Condo Market by Jessi Sandhu
Condo sales soared across the Toronto region in December, and as one economist wrote, it looked like buyers were out “in full force looking for bargains.”
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Record December Home Resales And New Record In 2020 Average Selling Price
1/6/2021 | Posted in GTA Real Estate by Jessi Sandhu
Despite an unprecedented year due to COVID-19, including necessary public health restrictions and uncertainty surrounding the economy, Greater Toronto Area REALTORS® ... More
Time to lock in? The outlook for mortgages in 2021
1/5/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu
For those of you who need a mortgage in the next 12 months, here are five humble prophecies about the year ahead.
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Bloomberg-Nanos: Canadians' optimism about home prices strongest in three years
1/5/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Canadians are feeling more confident about the continued rise in home prices now than at any point in the previous three years, a trend Bloomberg and Nanos Research called a ... More
How homeowners can save from Feds' climate plan
1/4/2021 | Posted in Home Owners by Jessi Sandhu
The feds plan to provide homeowners with up to $5,000 in grants and one million free EnerGuide assessments to make their homes more energy efficient.
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Canada 2021 Housing Forecasts Call For A Boom ... Or The Worst Crash in 40 Years
1/2/2021 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Amid an unpredictable pandemic, forecasts for the housing market are pretty much all over the map.
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Burning Questions: Have we reached peak condo?
12/31/2020 | Posted in Condo Market by Jessi Sandhu
No sector has been hit as hard as condos in this pandemic, and while experts say the market will recover, it will be different
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First-time homebuyers see new opportunities, challenges in pandemic economy
12/30/2020 | Posted in First Time Home Buyers by Jessi Sandhu
With mortgage rates at historic lows and price growth tapering in certain markets, the COVID-19 pandemic has presented both opportunities and challenges for first-time ... More
Here's what you can and can't do in Ontario during coronavirus shutdown
12/22/2020 | Posted in Ontario News by Jessi Sandhu
The provincial government has announced all of Ontario will be entering a provincial shutdown as of 12:01 a.m. on Dec. 26 in a bid to combat rising coronavirus cases.
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A year in real estate review: Toronto's biggest trends of 2020
12/21/2020 | Posted in GTA Real Estate by Jessi Sandhu
People ditched their condos, there was an exodus to the suburbs and an uptick in home renovations
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