1/7/2020 | Posted in Real Estate Market by Paul Solomons
  SHARE

The dominance of the condo market in terms of price growth could soon end as millennials start to shift their preferences to established homes, according to a market survey ... More

Real Estate & Mortgage News

  12/13/2019 | Posted in Home Buyers by Paul Solomons
  SHARE

Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey.

... More

Real Estate & Mortgage News

  9/16/2019 | Posted in Mortgages and Real Estate by Paul Solomons
  SHARE

Some millennials believe it is justifiable to lie on a mortgage application, according to a new Equifax Canada survey on mortgage fraud.

... More

Real Estate & Mortgage News

  6/7/2019 | Posted in Recreational Properties by Paul Solomons
  SHARE

Recreational homes are attracting strong interest from millennials but for many they are not second homes but the only ones they can afford.

... More

Real Estate & Mortgage News

  5/11/2019 | Posted in Canadian Housing Market by Paul Solomons
  SHARE

The head of the Canada Mortgage and Housing Corporation (CMHC) gave a candid assessment of the country’s housing market, saying the “party” of homeownership ... More

Real Estate & Mortgage News

  2/7/2019 | Posted in Mortgages and Real Estate by Paul Solomons
  SHARE

The federal government appears to be considering a budget announcement that would allow first-time homebuyers to obtain 30-year insured mortgages, up from the 25-year limit ... More

Real Estate & Mortgage News

  5/23/2018 | Posted in Home Buyers by Paul Solomons
  SHARE

A study out of Ryerson University warns of a severe housing shortage in the near future.

... More

Real Estate & Mortgage News

  5/9/2018 | Posted in Canadian Housing Market by Paul Solomons
  SHARE

Almost six in 10 Canadian millennials are already homeowners, with more of this age group planning to buy a home in the next two years, according to a Genworth Canada survey ... More

Real Estate & Mortgage News

  4/30/2018 | Posted in First Time Home Buyers by Paul Solomons
  SHARE

The home-purchasing power of ‘peak millennials’ aged 25-31 has diminished by around $40,103 (16.5%) since the introduction of the OSFI stress test at the start of ... More

Real Estate & Mortgage News

  4/5/2018 | Posted in Home Buyers by Paul Solomons
  SHARE

The results of a fresh study conducted by Royal Bank of Canada showed that fully 32% of Canadians are likely to buy a home in the next two years (up by 7% from last ... More

Real Estate & Mortgage News

  3/25/2018 | Posted in Canadian Housing Market Predictions by Paul Solomons
  SHARE

Canada's housing market is getting a big helping hand from house-hungry millennials, but that will come to an end in the next several years, bringing with it an era of ... More

Real Estate & Mortgage News

  8/21/2017 | Posted in GTA Real Estate by Paul Solomons
  SHARE

Cause and effect; supply and demand – the reasons for record-high new home prices in the GTA are a matter of government actions and simple economics.

... More

Real Estate & Mortgage News

  8/17/2017 | Posted in Home Buyers by Paul Solomons
  SHARE

Outdoor living is becoming increasingly popular and a new poll shows that homebuyers are willing to have less indoor space if that means more room outside.

... More

Real Estate & Mortgage News

  8/17/2017 | Posted in Real Estate Market by Paul Solomons
  SHARE

'Peak Millennials' (aged 25 to 30) to create strong wave of demandNational survey shows while the peak millennial dream to own property is very strong, ... More

Real Estate & Mortgage News

  6/13/2017 | Posted in Mortgages and Real Estate by Paul Solomons
  SHARE

Millenials are confident in their financial future and in the housing market, according to a new study.

... More

Real Estate & Mortgage News

  4/24/2017 | Posted in Home Buyers by Paul Solomons
  SHARE

Many millennials face the understandable apprehension that they may never be able to afford a home in a market that’s continually surging to new heights.

... More

Real Estate & Mortgage News

  3/3/2017 | Posted in Home Buyers by Paul Solomons
  SHARE

While slightly more than a third of Canadian millennials now own a home, nearly two-fifths of them had help from parents to get into the housing market, says a new global study ... More

Real Estate & Mortgage News

  11/9/2016 | Posted in Toronto Real Estate by Paul Solomons
  SHARE

While 75 per cent of millennials intend to purchase real estate in the GTA, not enough lowrise homes are being built.

... More

Real Estate & Mortgage News

  10/15/2016 | Posted in Real Estate Market by Paul Solomons
  SHARE

For many young professionals chasing the dream of home ownership, "I'll be renting forever" is a common lament as real estate prices in ... More

Real Estate & Mortgage News

  9/21/2016 | Posted in Home Buyers by Paul Solomons
  SHARE

Millennials are applying the "you only live once" philosophy to their homebuying approach with nearly half of surveyed Millennials who commute (48 per cent) saying ... More

Real Estate & Mortgage News

  6/14/2016 | Posted in First Time Home Buyers by Paul Solomons
  SHARE

Young Canadians are increasingly receiving help from their parents in order to become first-time buyers in Vancouver and Toronto.

... More

Real Estate & Mortgage News

  4/21/2016 | Posted in Real Estate Market by Paul Solomons
  SHARE

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 ... More

Real Estate & Mortgage News

  4/8/2016 | Posted in Home Buyers by Paul Solomons
  SHARE

A survey conducted by the Toronto-based Altus Group last fall revealed that millennials are open to establishing dwellings in suburban areas, contrary to a common perception ... More

Real Estate & Mortgage News

  1/7/2016 | Posted in Real Estate Market by Paul Solomons
  SHARE

With millennials comprising about 25 per cent of Canada’s population, this segment is poised to outstrip their baby boomer parents in the real estate market as they start ... More

Real Estate & Mortgage News
Ask Paul Solomons

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.