What to know about the Liberals' new housing-incentive promise
9/16/2019 | Posted in Home Buyers by Jessi Sandhu
In an election announcement on Thursday, Liberal Party Leader Justin Trudeau promised to turbocharge the First-Time Home Buyer Incentive (FTHBI) for Canadians who live in ...
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12/17/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
The prospect of interest rate hikes is particularly daunting for residents of Toronto and Vancouver—two cities with debt levels well above the national average. ...
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Toronto, Vancouver among biggest property bubbles in the world, UBS says
9/29/2018 | Posted in Real Estate Market by Jessi Sandhu
9 years salary to buy a house in Vancouver, more than 6 in Toronto. ...
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Toronto And Vancouver Top-Tier Housing Markets Headed In Opposite Directions
7/11/2018 | Posted in Luxury Real Estate by Jessi Sandhu
The top-tier housing markets in Toronto and Vancouver are headed in opposite directions, with fear driving Vancouver's market lower even as optimism returns to Toronto's ...
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Toronto and Vancouver housing affordability still at high-stress levels: RBC
4/4/2017 | Posted in Real Estate Market by Jessi Sandhu
The fourth quarter of 2016 saw Canadian housing costs remain at overheated levels despite the imposition of various federal and provincial measures to address the prevalent issue ...
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How to cool a red-hot housing market
4/2/2017 | Posted in Real Estate Market by Jessi Sandhu
Animal spirits still rule Canada’s real estate scene, working urban markets into a froth. But there are ways to tame them. ...
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Greater Toronto Area booms with $1 million plus home sales
1/11/2017 | Posted in Toronto Real Estate by Jessi Sandhu
The $1-million club isn’t so exclusive any longer, as a record number of homes sold for at least that much in the Greater Toronto Area last year. ...
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What the housing market could look like in 2017
1/3/2017 | Posted in Real Estate Market by Jessi Sandhu
Canadians coast-to-coast love to talk about the cost of homes, and 2016 was a hot year for the housing market in many cities. Here’s what is likely to happen to the Canadian ...
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No December slowdown in housing sales as search for homes expected to extend through Christmas
12/22/2016 | Posted in Real Estate Market by Jessi Sandhu
It won’t exactly fit under the tree but holiday shopping this year appears to include real estate in Canada’s largest housing market. The traditional December ...
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Leaving a home empty in Vancouver to cost at least $10,000
11/11/2016 | Posted in Real Estate News by Jessi Sandhu
The talk of an empty homes tax in Vancouver is to become a reality. The city council says that it will be introduced by January 1, 2017. ...
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A 'tale of two cities' as Toronto, Vancouver await fallout from mortgage rules
11/7/2016 | Posted in Real Estate Market by Jessi Sandhu
Over the course of two days, real-estate sales figures for the month of October suggested a continuing boom in Toronto with a correction fully underway in ...
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These 5 housing markets are the ones to watch in 2017
11/1/2016 | Posted in Real Estate News by Jessi Sandhu
Five housing markets have been identified as the ones to watch in the coming year but not all of them are listed for positive reasons. ...
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CMHC warns high house prices spreading to B.C., Ontario suburbs
10/27/2016 | Posted in Real Estate Market by Jessi Sandhu
Canada’s housing agency is warning that prices are soaring in smaller communities in British Columbia and Ontario as the real estate boom in Vancouver and Toronto spreads ...
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Young professionals struggle to rent in 'crazy' real estate markets
10/15/2016 | Posted in Real Estate Market by Jessi Sandhu
For many young professionals chasing the dream of home ownership, "I'll be renting forever" is a common lament as real estate prices in ...
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Big bank's real estate market prediction
9/28/2016 | Posted in Real Estate Market by Jessi Sandhu
One bank’s long-term forecast includes expected "gradual softening" and the possibility of further policy implementation. ...
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"Doubling up" on the rise in red-hot markets
9/27/2016 | Posted in Real Estate Market by Jessi Sandhu
More and more consumers in Vancouver and Toronto are purchasing and moving to new properties even as they continue to maintain ownership of their old homes, taking advantage of ...
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Good news for three Canadian cities
8/28/2016 | Posted in Most Livable by Jessi Sandhu
And brokers in those major markets, which include one that has struggled to recapture past housing glory. ...
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High credit scores reduce risk in hottest markets: CIBC
8/26/2016 | Posted in Real Estate Market by Jessi Sandhu
CIBC is confident that its mortgage book is not a huge risk even in the two hottest markets. In a conference call following the release of its third quarter earnings, the ...
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RBC keeps close eye on Vancouver and Toronto housing markets
8/25/2016 | Posted in Real Estate Market by Jessi Sandhu
Royal Bank of Canada, Canada's biggest bank, said it was closely monitoring home prices in Vancouver and Toronto after reporting slightly higher-than-expected quarterly ...
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Ontario looking 'very closely' at B.C. real estate tax on foreign buyers
7/27/2016 | Posted in Ontario Real Estate by Jessi Sandhu
Ontario's finance minister says he will be looking "very closely" at British Columbia's tax aimed at foreign homebuyers as he looks for ways to address eroding ...
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Morneau hints at more steps to slow housing market
6/23/2016 | Posted in Real Estate Market by Jessi Sandhu
Finance Minister Bill Morneau hinted his government will take additional steps to rein in housing prices in Toronto and Vancouver, the country’s two most expensive markets. ...
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Bank of mom, dad vital for millennial first-time buyers
6/14/2016 | Posted in First Time Home Buyers by Jessi Sandhu
Young Canadians are increasingly receiving help from their parents in order to become first-time buyers in Vancouver and Toronto. ...
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Toronto housing boom unsustainable, Bank of Canada says
6/10/2016 | Posted in Real Estate News by Jessi Sandhu
The Bank of Canada is warning that the pace of house price increases in Vancouver and Toronto can't be sustained by economic ' fundamentals.' ...
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Feds 'pricing out a generation' with home buyer crackdown
6/10/2016 | Posted in Home Buyers by Jessi Sandhu
The federal government would be better-served by encouraging the construction of new homes in Toronto and Vancouver, rather than trying to clamp down on foreign buyers in ...
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Bank of Canada concerned home buyer expectations may be driving up prices
6/2/2016 | Posted in Real Estate Market by Jessi Sandhu
The Bank of Canada is concerned that the acceleration in housing prices in Toronto and Vancouver may be partly due to purchases based solely on the expectation that prices will ...
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Canadian bankers are calling on the government to take further steps to cool surging housing markets
6/2/2016 | Posted in Real Estate Market by Jessi Sandhu
Canadian bankers are calling on the government to take further steps to cool surging housing markets in Toronto and Vancouver. ...
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5/31/2016 | Posted in Real Estate Market by Jessi Sandhu
There has been a cooling in sales activity in Toronto and Vancouver as prices have made it prohibitive for current homeowners to buy up. ...
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Records broken anew in Vancouver and Toronto
5/9/2016 | Posted in Real Estate Market by Jessi Sandhu
The engines of Canada’s already overheated housing markets do not appear to be halting any time soon, as price growth records have been shattered anew with incredibly strong ...
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4/21/2016 | Posted in Real Estate Market by Jessi Sandhu
Vancouver and Toronto continued to see significant price appreciation in the first quarter of the year. Greater Vancouver's average residential sale price in the first quarter ...
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CMHC releases report on foreign ownership
4/7/2016 | Posted in Real Estate Investments by Jessi Sandhu
The Crown Corporation released its latest Housing Markets Insight Report Thursday, which focuses on the foreign investment. The report found that foreign ownership is most ...
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