Real Estate News & Articles

9/22/2023 | Posted in Mortgage Interest Rates by Ron Hyde
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Fixed mortgage rates could surge higher in the coming week after Government of Canada bond yields—which lead fixed mortgage rates—shot up to a 16-year-high. ... More

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9/22/2023 | Posted in New Developments by Ron Hyde
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August activity at more than 60% below the region's 10-year average sales level ... More

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9/19/2023 | Posted in Canada Living by Ron Hyde
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Canadians are paying more for housing as of August 2023 than in the past three decades, Statistics Canada data shows. ... More

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9/19/2023 | Posted in Toronto Real Estate by Ron Hyde
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Multiplexes will now be permitted to be built across Toronto after being approved by councillors on Wednesday in a bid to create more housing options. ... More

Real Estate & Mortgage News

9/15/2023 | Posted in Canadian Housing Market by Ron Hyde
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month-over-month basis in August 2023. ... More

Real Estate & Mortgage News

9/14/2023 | Posted in Mortgages and Real Estate by Ron Hyde
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Canadian mortgage borrowers continued to see their interest costs climb in the second quarter, which have now soared over 80% since the Bank of Canada started raising interest ... More

Real Estate & Mortgage News

9/12/2023 | Posted in Real Estate Investments by Ron Hyde
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Investors in Canada’s residential real estate market accounted for a larger share of mortgaged purchases than repeat homebuyers in recent years despite rising interest ... More

Real Estate & Mortgage News

9/8/2023 | Posted in Home Buyers by Ron Hyde
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It’s no secret that Canada’s banking regulator has its sights set on fixed-payment variable-rate mortgage products. And OSFI chief Peter Routledge reiterated that ... More

Real Estate & Mortgage News

9/6/2023 | Posted in Interest Rates by Ron Hyde
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The Bank of Canada held its key interest rate steady at five per cent today, citing recent evidence that suggests the economy is weakening. ... More

Real Estate & Mortgage News

9/6/2023 | Posted in GTA Real Estate by Ron Hyde
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Higher borrowing costs, continued uncertainty about the economy and Bank of Canada decision making, and the constrained supply of listings resulted in fewer home sales in August ... More

Real Estate & Mortgage News

9/5/2023 | Posted in Toronto Real Estate by Ron Hyde
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Housing affordability in Toronto would remain strained even in the event of a deep economic recession, a new Desjardins analysis has found, highlighting the challenge ahead in ... More

Real Estate & Mortgage News

9/4/2023 | Posted in Financial Health by Ron Hyde
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Higher living costs are pushing more and more Canadians into debt, according to a new report. ... More

Real Estate & Mortgage News

9/4/2023 | Posted in Interest Rates by Ron Hyde
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This is despite a projected slight drop in the BoC’s policy rate by the end of 2024 or early 2025 ... More

Real Estate & Mortgage News

9/1/2023 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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Economists say the latest GDP data from Statistics Canada showing a contraction in the economy suggests the Bank of Canada's rate hiking campaign may be coming to an end. ... More

Real Estate & Mortgage News

8/28/2023 | Posted in Canadian Housing Market by Ron Hyde
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The Bank of Canada's June and July interest rate increases essentially put a stop to the housing market’s recovery, says analyst. ... More

Real Estate & Mortgage News

8/28/2023 | Posted in Canadian Housing Market by Ron Hyde
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Interest rates and borrowing costs may be surging - but Canadian home prices are continuing to rise at a rapid clip, according to new data. ... More

Real Estate & Mortgage News

8/24/2023 | Posted in GTA Real Estate by Ron Hyde
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Single-family home sales up 11% this year, but can't make up for condo sales decline, July report states. ... More

Real Estate & Mortgage News

8/23/2023 | Posted in Mortgage Interest Rates by Ron Hyde
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Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon. ... More

Real Estate & Mortgage News

8/22/2023 | Posted in GTA Real Estate by Ron Hyde
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Fuelled by a drop in prices, there was a “short burst of home-buying activity” in the Greater Toronto Area (GTA) during this year’s second quarter, but it was ... More

Real Estate & Mortgage News

8/18/2023 | Posted in New Developments by Ron Hyde
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Many Canadian homebuyers waiting patiently for construction to finish on their pre-sale unit are being met with cancellation notices from developers. The building environment is ... More

Real Estate & Mortgage News

8/18/2023 | Posted in Real Estate Market by Ron Hyde
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Home prices posted the second-highest increase ever recorded in a single month after the one observed in July 2006, according to the latest Teranet-National Bank composite index. ... More

Real Estate & Mortgage News

8/15/2023 | Posted in Canadian Housing Market by Ron Hyde
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were only slightly changed on a month-over-month basis in July 2023. ... More

Real Estate & Mortgage News

8/15/2023 | Posted in Commercial Real Estate by Ron Hyde
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A new report by Colliers Canada predicts the national office vacancy rate could peak at approximately 15 per cent by the end of 2024 as the rise of hybrid work models prompt ... More

Real Estate & Mortgage News

8/14/2023 | Posted in Recreational Properties by Ron Hyde
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The pandemic-era robustness observed in Canada’s recreational real estate segment has moderated amid mounting borrowing costs coupled with reduced demand, according to a new ... More

Real Estate & Mortgage News

8/14/2023 | Posted in Home Buyers by Ron Hyde
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Originally introduced to mitigate borrower default risks in the event of rising interest rates, some brokers now argue that Canada’s mortgage stress test is no longer needed ... More

Real Estate & Mortgage News

8/12/2023 | Posted in Rental Market by Ron Hyde
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Amidst continued interest rate hikes and economic challenges, the average asking price for a rental unit in Canada reached another new record of $2,078 in July, according to a ... More

Real Estate & Mortgage News

8/8/2023 | Posted in Commercial Real Estate by Ron Hyde
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As the market softens, tenants may have an opportunity to negotiate lower rents ... More

Real Estate & Mortgage News

8/6/2023 | Posted in Mortgages and Real Estate by Ron Hyde
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With the Bank of Canada’s interest rate hikes aimed at fighting inflation, the housing market in Canada experienced a slight drop in prices, according to a new report from ... More

Real Estate & Mortgage News

8/3/2023 | Posted in GTA Real Estate by Ron Hyde
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Greater Toronto Area (GTA) home sales, new listings and home prices were up in July 2023 in comparison to July 2022. On a seasonally adjusted basis, the market experienced more ... More

Real Estate & Mortgage News

8/2/2023 | Posted in Mortgage Interest Rates by Ron Hyde
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A prolonged period of heightened interest rates will be critical to Canada’s central bank reaching its inflation target, a former Bank of Canada Governor said. ... More

Real Estate & Mortgage News
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