Real Estate News, Articles, Reports, Analysys & Trends

5/16/2022 | Posted in Canadian Housing Market by Paul Solomons
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The annual pace of new home construction in April surpassed analysts' expectations

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CMHC reveals Canadian housing starts latest

5/17/2022 | Posted in Canadian Housing Market by Paul Solomons
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After two years of red-hot market activity, higher borrowing costs are causing a cool down in Canada’s feverish real estate markets during the traditionally busy spring ... More

National home sales drop over 12% in April as higher rates kick in

5/12/2022 | Posted in Interest Rates by Paul Solomons
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The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year.

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The latest in mortgage news: BoC rate hike expectations grow

4/26/2022 | Posted in Commercial Real Estate by Paul Solomons
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Q1 2022: Heightened demand for industrial product persists, while office market availability reports slight uptick

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Canadian office and industrial market update

5/4/2022 | Posted in GTA Real Estate by Paul Solomons
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Greater Toronto Area (GTA) new condominium sales reached their highest Q1 on record with 8,253 units sold, rising 55% year-over-year and exceeding the 10-year average (5,154 ... More

GTA New Condo Sales Reach Record High in Q1

4/26/2022 | Posted in Real Estate News by Paul Solomons
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Canadian household budgets are being squeezed tight but buying a home remains on the wish list

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BMO: Despite surging prices, homebuying interest is actually rising

5/9/2022 | Posted in Interest Rates by Paul Solomons
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Following a jump in bond yields last week, lenders across the country once again bumped up their fixed mortgage rates.

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Lenders hike fixed rates yet again, closing in on 4.5%

4/25/2022 | Posted in Interest Rates by Paul Solomons
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Most of the country's big banks are now advertising special-offer 5-year fixed rates above 4%.

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Big Banks Raise 5-Year Fixed Rates Above 4%

5/8/2022 | Posted in Community by Paul Solomons
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Where would we be without them.

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Happy Mother's Day

5/4/2022 | Posted in GTA Real Estate by Paul Solomons
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The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs, with the number of transactions down on a monthly and annual basis.

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Market Adjusts To Higher Borrowing Costs In April

5/3/2020 | Posted in Canada Living by Paul Solomons
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Canada is officially in a recession that's been caused by the COVID-19 pandemic, the C.D. Howe Institute's Business Cycle Council declared Friday.

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It's official - Canada's economy is in a recession, C.D. Howe says

4/30/2020 | Posted in Anouncements by Paul Solomons
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Tiff Macklem, a former second-in-command at the Bank of Canada, is returning to the central bank to take over the top job at a moment that he says cries out for bold, ... More

Tiff Macklem named new Bank of Canada governor amid COVID-19 pandemic

5/2/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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A sharp rise in joblessness, combined with the bust-out of the short-term rental market, will send Canadian house prices down in the short term, some market experts are ... More

Forced selling may be headed for Canada's housing market

4/30/2020 | Posted in Canadian HELOC by Paul Solomons
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Canadian banks may clamp down on HELOCs to reduce the risk of spikes in sour loans, which the banks are already bracing for

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Canadian banks expected to tighten home equity line of credit access

4/27/2020 | Posted in Commercial Real Estate by Paul Solomons
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Canada’s malls are facing a wave of skipped rents and could see vacancy rates triple by year-end, with the coronavirus poised to leave its scars on a fragile retail ... More

Malls face catastrophic hit in Canada with unpaid rent surging

4/27/2020 | Posted in GTA News by Paul Solomons
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TRREB has developed a COVID-19 property tax deferral schedule for every Greater Toronto Area municipality for your convenience and use.

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2020 Property Tax Deferral Schedule in the GTA

4/26/2020 | Posted in Canadian Housing Market by Paul Solomons
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The national market can still provide some impetus for home price growth despite declining sales, according to Royal Bank of Canada Senior Economist Robert Hogue.

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Home prices have some support despite sales slowdown

4/22/2020 | Posted in GTA Real Estate by Paul Solomons
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Greater Toronto Area REALTORS® reported 1,654 home sales through TRREB’s MLS® System during the first 17 days of April – down by 69 per cent compared to the ... More

TRREB Releases Mid-April Market Update

4/22/2020 | Posted in GTA Real Estate by Paul Solomons
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Toronto home sales tumbled in the first half of April, down 69 per cent compared with the previous year, as the coronavirus pandemic led to an economic slowdown and a huge ... More

Toronto home sales plummet in April as coronavirus shutdowns hit housing market

4/22/2020 | Posted in Commercial Real Estate by Paul Solomons
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Acquisition of expansive properties has fallen to the wayside, but commercial real estate is poised to become an even more desirable choice for investment after the coronavirus ... More

Commercial sector to become more valuable post COVID-19

4/21/2020 | Posted in Canadian Housing Market by Paul Solomons
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Canadian home prices could fall a “relatively modest” five per cent by July as some owners are forced to sell in the face of the economic hardship brought on by ... More

Home prices could fall 5% amid pandemic

4/21/2020 | Posted in Commercial Real Estate by Paul Solomons
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One quarter of small businesses can't make April lease or mortgage payments — and it won't get much better any time soon.

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Commercial rent delays could turn into abatements if crisis drags

4/21/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis ... More

Canada braces for higher mortgage defaults

4/17/2020 | Posted in Mortgages and Real Estate by Paul Solomons
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Canadian banks processed more than 670,000 mortgage deferrals or skipped payments in the month since announcing a measure to help consumers weather the economic hit from the ... More

Canadian banks have processed 670,000 mortgage deferrals in first month

4/16/2020 | Posted in Canadian Housing Market by Paul Solomons
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The outlook on the Canadian housing market: RBC

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Pandemic Throws Housing Market off Course

4/15/2020 | Posted in Canada Living by Paul Solomons
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Nearly four-fifths of Canadians expect the economy to worsen over the next few months.

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Consumer confidence is suffering an unprecedented decline

4/15/2020 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada on Wednesday said the coronavirus outbreak was set to trigger the biggest ever near-term Canadian downturn but suspended its regular economic forecasts, ... More

Bank of Canada says coronavirus to trigger biggest slump ever, drops forecasts

4/15/2020 | 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 listings were down sharply between February and March 2020.

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Canadian home sales and listings down in March

4/14/2020 | Posted in Canadian Housing Market Predictions by Paul Solomons
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According to the Royal LePage House Price Survey and Market Survey Forecast released today, the aggregate price of a home in Canada is expected to remain remarkably stable ... More

National Home Prices to Show Remarkable Resilience in 2020

4/13/2020 | Posted in Commercial Real Estate by Paul Solomons
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The booming Greater Toronto Area has again taken top spot on the North American Crane Index, with the region hosting an astounding 27 per cent of the cranes counted in 14 of ... More

Condo boom puts Toronto atop Crane Index ... again
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