Home prices to drop, new report predicts - and even Toronto and Vancouver won't be immune
9/24/2020 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Average single family detached house prices will fall by 6.7 per cent next year as the recovery stalls, economic stimulus fades and debt problems increase, Moody’s ... More
StatsCan: Home prices had strongest monthly growth in three years
9/24/2020 | Posted in Canadian Housing Market by Jessi Sandhu
Supply/demand struggles and higher building costs are adding pressure to the market.
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Prices of new homes in Canada jump the most in three years as lumber costs rise
9/22/2020 | Posted in New Developments by Jessi Sandhu
Shortages for lumber and other building materials are driving up construction costs this year.
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Canada's housing market remains at moderate degree of vulnerability
9/21/2020 | Posted in Canadian Housing Market by Jessi Sandhu
The latest analysis from Canada Mortgage and Housing Corporation (CMHC) indicates that weakening housing market fundamentals and an increase in average overvaluation estimates ... More
Major banks anticipating resumption of most mortgage payments
9/18/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu
A "vast majority" of borrowers who took on payment deferrals will be able to fulfill their balances before year-end.
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Millennials hopeful about buying homes despite COVID-19
9/18/2020 | Posted in Home Buyers by Jessi Sandhu
Record-low interest rates appear to be a major factor.
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Ford government introduces rent freeze legislation for 2021
9/18/2020 | Posted in Ontario Real Estate by Jessi Sandhu
The Ontario government introduced its proposed rent freeze legislation for 2021 in the provincial legislature on Thursday.
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Tal forecasts stable housing sector, slower rental market
9/16/2020 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
The next six months will be more difficult economically than the past quarter, but the Canadian housing market is expected to continue its V-shaped recovery.
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August 2020 another record-setting month for many Canadian housing markets
9/15/2020 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and new listings continued to climb in August 2020.
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StatCan: Household debt service ratio sees record decline
9/15/2020 | Posted in Financial Health by Jessi Sandhu
But more challenging times could be on their way.
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Experts point to possible spike in commercial loan defaults
9/15/2020 | Posted in Commercial Real Estate by Jessi Sandhu
Experts are warning that the biggest risk for a spike in defaults may not come from mortgages, but from a smaller number of loans made to vulnerable businesses.
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These 5 ingredients add up to an easier-to-clean kitchen
9/15/2020 | Posted in Home Maintenance by Jessi Sandhu
A new kitchen characteristic has eased into home owners’ lists of must-haves since we all started staying home.
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10 Toronto suburbs saw home prices increase over 20% in August
9/12/2020 | Posted in GTA Real Estate by Jessi Sandhu
Price growth in the Toronto region lost some steam last month compared to July, but there were still plenty of substantial price gains seen across the city’s suburban ... More
Surge in outstanding residential mortgage credit: CMHC sees risk of delinquencies jumping
9/10/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu
Canadians piled on mortgage debt even as COVID-19 forced the country into lockdowns, and Canada Mortgage and Housing Corporation (CHMC) worries many will eventually struggle to ... More
Over 3.5 Million Square Feet Leased in Q2 2020
9/9/2020 | Posted in Commercial Real Estate by Jessi Sandhu
TRREB Commercial Network Members reported 3,502,022 square feet of leased space through TRREB's MLS® System in Q2 2020 for all lease ... More
Bank of Canada re-commits to rate freeze and bond purchases
9/9/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada reiterated its pledge to keep interest rates at historic lows for years to come, but dialed back its willingness to take even more aggressive action and said ... More
CECRA extended for the last time
9/9/2020 | Posted in Commercial Real Estate by Jessi Sandhu
The Liberal administration will be extending its pandemic fiscal assistance program for small businesses to help beleaguered ventures cover September rent costs.
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Ontario government extends ban on small business evictions
9/9/2020 | Posted in Commercial Real Estate by Jessi Sandhu
The ban, which will be made retroactive to Sep. 1, will now last until the end of this month
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Canadians have more than 500,000 payment deferrals with the Big Six
9/9/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu
The total mortgage deferral volume in these banks as of the end of July exceeded $130 billion
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Toronto Regional Real Estate Board says home sales hit record for August
9/7/2020 | Posted in Toronto Real Estate by Jessi Sandhu
Home sales in the Greater Toronto Area posted a record for August as they rose 40.3 per cent compared with a year ago and prices shot higher, the Toronto Regional Real Estate ... More
TRREB Releases August Resale Housing Report
9/3/2020 | Posted in GTA Real Estate by Jessi Sandhu
Toronto region home sales post best-ever total for August, recording another month of over 10,000 home sales as buyers seeking low-rise properties made their move before the ... More
Five Canadian cities where condo prices peaked in July
9/2/2020 | Posted in Condo Market by Jessi Sandhu
Traditionally strong-performing markets like Toronto and Vancouver saw condo prices decline.
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Morguard report projects "uneven" COVID-19 recovery for Canadian commercial real estate
9/1/2020 | Posted in Commercial Real Estate by Jessi Sandhu
Retail continues getting crushed, but investment in office space also softened in Q2
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Bank regulator changes rules for mortgage deferrals starting now
8/31/2020 | Posted in Canada Living by Jessi Sandhu
Canada's federal banking regulator is phasing out requirements around mortgage deferrals for homeowners hard-hit financially by the COVID-19 pandemic. As of July 30, there ... More
Ford government says it will bring forward legislation to freeze rent in 2021
8/31/2020 | Posted in Ontario Real Estate by Jessi Sandhu
The Ford government says that it will bring forward rent control legislation so that the “vast majority” of tenants do not face increases in 2021.
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