Real Estate News, Articles, Reports, Analysys & Trends
10/2/2023 | Posted in Home Owners by Paul Solomons
SHARE
With interest rates increasingly expected to stay higher for longer, many of the homeowners who locked in low rates years ago are likely bracing themselves for financial pain ... More

9/27/2023 | Posted in Mortgage News by Paul Solomons
SHARE
Canadian banks have approximately $250 billion in mortgages with repayment terms set at 35 years or longer
... More
9/29/2023 | Posted in Canada Living by Paul Solomons
SHARE
Millions of Canadians want to achieve their dream of homeownership, but affordability remains out of reach for many, and changing that will be a slow journey according to ... More

9/29/2023 | Posted in Mortgage Interest Rates by Paul Solomons
SHARE
Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise.
... More
9/22/2023 | Posted in Mortgage Interest Rates by Paul Solomons
SHARE
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
9/22/2023 | Posted in New Developments by Paul Solomons
SHARE
August activity at more than 60% below the region's 10-year average sales level
... More
9/19/2023 | Posted in Canada Living by Paul Solomons
SHARE
Canadians are paying more for housing as of August 2023 than in the past three decades, Statistics Canada data shows.
... More
9/19/2023 | Posted in Toronto Real Estate by Paul Solomons
SHARE
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
9/15/2023 | Posted in Canadian Housing Market by Paul Solomons
SHARE
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
9/14/2023 | Posted in Mortgages and Real Estate by Paul Solomons
SHARE
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

9/12/2023 | Posted in Real Estate Investments by Paul Solomons
SHARE
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

9/8/2023 | Posted in Home Buyers by Paul Solomons
SHARE
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

9/6/2023 | Posted in Interest Rates by Paul Solomons
SHARE
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
9/6/2023 | Posted in GTA Real Estate by Paul Solomons
SHARE
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 ... More

9/5/2023 | Posted in Toronto Real Estate by Paul Solomons
SHARE
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

9/1/2023 | Posted in Canadian Economy and Interest Rates by Paul Solomons
SHARE
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 ... More

9/4/2023 | Posted in Financial Health by Paul Solomons
SHARE
Higher living costs are pushing more and more Canadians into debt, according to a new report.
... More
9/4/2023 | Posted in Interest Rates by Paul Solomons
SHARE
This is despite a projected slight drop in the BoC’s policy rate by the end of 2024 or early 2025
... More
8/28/2023 | Posted in Canadian Housing Market by Paul Solomons
SHARE
The Bank of Canada's June and July interest rate increases essentially put a stop to the housing market’s recovery, says analyst.
... More
8/28/2023 | Posted in Canadian Housing Market by Paul Solomons
SHARE
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
8/24/2023 | Posted in GTA Real Estate by Paul Solomons
SHARE
Single-family home sales up 11% this year, but can't make up for condo sales decline, July report states.
... More
8/23/2023 | Posted in Mortgage Interest Rates by Paul Solomons
SHARE
Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon.
... More
8/22/2023 | Posted in GTA Real Estate by Paul Solomons
SHARE
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

8/18/2023 | Posted in New Developments by Paul Solomons
SHARE
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 ... More

8/18/2023 | Posted in Real Estate Market by Paul Solomons
SHARE
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 ... More

8/15/2023 | Posted in Commercial Real Estate by Paul Solomons
SHARE
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

8/14/2023 | Posted in Recreational Properties by Paul Solomons
SHARE
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 ... More

8/14/2023 | Posted in Home Buyers by Paul Solomons
SHARE
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 ... More

8/15/2023 | Posted in Canadian Housing Market by Paul Solomons
SHARE
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
8/12/2023 | Posted in Rental Market by Paul Solomons
SHARE
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


Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.