Real Estate News, Articles, Reports, Analysys & Trends

9/18/2020 | Posted in Mortgages and Real Estate by Paul Solomons
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A "vast majority" of borrowers who took on payment deferrals will be able to fulfill their balances before year-end.

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Major banks anticipating resumption of most mortgage payments

9/18/2020 | Posted in Home Buyers by Paul Solomons
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Record-low interest rates appear to be a major factor.

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Millennials hopeful about buying homes despite COVID-19

9/18/2020 | Posted in Ontario Real Estate by Paul Solomons
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The Ontario government introduced its proposed rent freeze legislation for 2021 in the provincial legislature on Thursday.

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Ford government introduces rent freeze legislation for 2021

9/16/2020 | Posted in Canadian Housing Market Predictions by Paul Solomons
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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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Tal forecasts stable housing sector, slower rental market

9/15/2020 | Posted in Canadian Housing Market by Paul Solomons
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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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August 2020 another record-setting month for many Canadian housing markets

9/15/2020 | Posted in Financial Health by Paul Solomons
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But more challenging times could be on their way.

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StatCan: Household debt service ratio sees record decline

9/15/2020 | Posted in Commercial Real Estate by Paul Solomons
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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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Experts point to possible spike in commercial loan defaults

9/15/2020 | Posted in Home Maintenance by Paul Solomons
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A new kitchen characteristic has eased into home owners’ lists of must-haves since we all started staying home.

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These 5 ingredients add up to an easier-to-clean kitchen

9/12/2020 | Posted in GTA Real Estate by Paul Solomons
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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

10 Toronto suburbs saw home prices increase over 20% in August

9/10/2020 | Posted in Mortgages and Real Estate by Paul Solomons
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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

Surge in outstanding residential mortgage credit: CMHC sees risk of delinquencies jumping

9/9/2020 | Posted in Commercial Real Estate by Paul Solomons
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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

Over 3.5 Million Square Feet Leased in Q2 2020

9/9/2020 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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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

Bank of Canada re-commits to rate freeze and bond purchases

9/9/2020 | Posted in Commercial Real Estate by Paul Solomons
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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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CECRA extended for the last time

9/9/2020 | Posted in Commercial Real Estate by Paul Solomons
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The ban, which will be made retroactive to Sep. 1, will now last until the end of this month

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Ontario government extends ban on small business evictions

9/9/2020 | Posted in Mortgages and Real Estate by Paul Solomons
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The total mortgage deferral volume in these banks as of the end of July exceeded $130 billion

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Canadians have more than 500,000 payment deferrals with the Big Six

9/7/2020 | Posted in Toronto Real Estate by Paul Solomons
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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

Toronto Regional Real Estate Board says home sales hit record for August

9/3/2020 | Posted in GTA Real Estate by Paul Solomons
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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

TRREB Releases August Resale Housing Report

9/2/2020 | Posted in Condo Market by Paul Solomons
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Traditionally strong-performing markets like Toronto and Vancouver saw condo prices decline.

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Five Canadian cities where condo prices peaked in July

8/31/2020 | Posted in Canada Living by Paul Solomons
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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

Bank regulator changes rules for mortgage deferrals starting now

8/31/2020 | Posted in Ontario Real Estate by Paul Solomons
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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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Ford government says it will bring forward legislation to freeze rent in 2021

8/30/2020 | Posted in Mortgages and Real Estate by Paul Solomons
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Canada’s total balance of mortgage payment deferrals stood at over $247 billion as of the end of the second quarter, according to data from TransUnion.

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Mortgage payment deferrals reach $247bn

8/28/2020 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada is starting to worry about inflation. Not because it sees any, mind.

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That sinking feeling: Canadians losing faith in price index and that has central bankers worried

8/27/2020 | Posted in Real Estate Market by Paul Solomons
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A housing inventory surge will likely precede a predicted arrears spike once payment deferrals end, according to a recent analysis.

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Housing inventory could swell when deferral period ends

8/26/2020 | Posted in Commercial Real Estate by Paul Solomons
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The COVID-19 pandemic has forced sovereign wealth funds to think the previously unthinkable.

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Safe bet? Sovereign funds rethink once-reliable real estate

8/26/2020 | Posted in Toronto Real Estate by Paul Solomons
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As one of Canada’s most desirable housing destinations, Toronto’s home prices remain at the mercy of multiple factors despite the considerable impact of the ... More

Three reasons why Toronto real estate prices are so high

8/25/2020 | Posted in Rental Market by Paul Solomons
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Torontonians who choose to rent out their homes on platforms like Airbnb will soon have to register with the city, bringing an end to more than two years of legal ... More

Toronto to begin enforcing short-term rental bylaw more than two years after it was first passed

8/25/2020 | Posted in Real Estate Market by Paul Solomons
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While the last two months have given housing market observers a lot to be optimistic about, concerns remain over the lasting impacts of the pandemic on many key segments of ... More

Immigration decline is biggest threat to home construction: Capital Economics

8/18/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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Canadian immigration plummeted by almost two thirds in the second quarter as border restrictions remained in effect.

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Immigration to Canada Drops 64%, Threatening Economic Growth
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