Although the Canadian real estate market started 2020 in full force and was well on its way to a red-hot season, the social distancing and home isolation measures that were put in place as a result of the COVID-19 outbreak started leaving their mark on home buying and home selling almost immediately. Prospective homebuyers’ priorities […]
Home sales in the Greater Toronto Area (GTA) increased significantly in February, according to the latest market report from the Building Industry and Land Development Association (BILD). Citing figures from Altus Group, BILD said there were a total of 4,665 home sales in the month, 211% higher than the sales recorded over the same month […]
Property sales in 30 tier-1 and tier-2 cities triple in March from February in sign coronavirus crisis is abating Sizzling sales in pockets of market unlikely to compensate for expected decline in nationwide sales this year, analysts say China’s private housing market is springing back to life as more sales offices reopened across the country […]
In a time when many Torontonians fear they might not be able to pay their rent, let alone put food on the table, amidst the coronavirus emergency in the city, a property management company is going above and beyond to show its residents that they’re supported during this challenging time. In light of everything going […]
A second surprise rate-cut this month from Canada’s central bank, has mortgage experts reluctant to predict what is in store for consumers, who are reeling from lost income in the COVID-19 pandemic. The Bank of Canada’s decision to lower its key rate to 0.25 per cent was primarily aimed at easing the economic shocks of […]
The federal government this past week announced a variety of tax measures to help Canadians facing hardship as a result of the COVID-19 outbreak. Here’s a quick summary of the major tax changes affecting individuals. TAX PAYMENT AND FILING DEADLINES The government is extending the deadlines for filing personal tax returns and paying balances owing. […]
TORONTO — Canada’s top lenders lowered their prime rates by 50 basis points on Friday, hours after the central bank unexpectedly cut its key interest rate to help the county weather the economic fallout of the coronavirus pandemic. Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia , Bank of Montreal and Canadian Imperial […]
A second surprise rate-cut this month from Canada’s central bank, has mortgage experts reluctant to predict what is in store for consumers, who are reeling from lost income in the COVID-19 pandemic. The Bank of Canada’s decision to lower its key rate to 0.25 per cent was primarily aimed at easing the economic shocks of […]
Ontarians struggling to make ends meet during the novel coronavirus pandemic have received some respite for their housing concerns. Last week, Premier Doug Ford suspended all evictions and the federal government has announced residents may defer their mortgage payments for additional financial assistance. In turn, the Canada Mortgage and Housing Corporation (CMHC) announced it’s expanding […]
There will be no dividend payments to the Canadian government from the Canada Mortgage and Housing Corporation during the coronavirus crisis. CMHC usually makes regular and special dividend payments to Ottawa, ranging from a hundreds of thousands of dollars thorough to $4 billion, the largest amount paid, in 2017. But with the corporation supporting Canadian […]
It was an “exceptionally busy” February for new home sales before the coronavirus slammed into the Toronto region just weeks later. Data released today by the Building Industry and Land Development Association (BILD) and its source for home sales and price tracking, Altus Group, showcased several examples of a market heating up for a busy […]
The Greater Toronto Area saw its strongest February since 2004 in terms of new single-family home sales, according to the Building Industry and Land Development Association. Citing data from Altus Group, BILD said that the region had 2,247 new single-family home transactions last month. This was a remarkable 228% higher on an annual basis, and […]
While February may feel like it took place years ago, given the daily coronavirus updates the city, province, and country are providing, it was fewer than just four weeks ago. And it was still on fire from a real estate perspective. According to a new report from the Building Industry and Land Development Association (BILD), […]
It should come as no surprise that the recent coronavirus pandemic will have an effect on the real estate and housing market. Even one as hot as the GTA’s has been in recent months and years. According to most, we’ve never seen anything like this – not even during the 2008 financial crisis. So we […]
This is a time for all Ontarians to pull together, and we’ve seen this happening in communities right across our province. But I know people are anxious, wondering how they will pay their April rent in just a few days, and landlords are wondering how they will keep the lights on if rents aren’t paid. […]
As the economic impact of the COVID-19 pandemic ripples across Canada, another wave may crest within the week as rent comes due for residential tenants. April 1 is a pressing deadline for tenants and landlords alike as the novel coronavirus keeps people at home and closes businesses, leaving tens of thousands of Canadians out of […]
The Bank of Canada slashed interest rates for a third time in a matter of weeks and announced plans to acquire more commercial paper and government securities to help shield the nation’s economy from coronavirus fallout. The central bank lowered its policy rate Friday by another half a percentage point to 0.25 per cent, adding […]
The Canada Mortgage and Housing Corporation is expanding the number of insured mortgages it is willing to buy from banks to give the banks more freedom to lend out more money to consumers and businesses and keep the economy humming. The taxpayer-funded agency, which backstops the vast majority of Canada’s housing market by insuring the […]
To say the events of the past few months have had an unprecedented impact on how our society functions would be an understatement. As the threat of the COVID-19 global pandemic grows across Canada and all levels of government enact policies to stop community spread via social isolation, millions of Canadians in the non-essential workforce […]
Almost a year after two adjacent proposals on Eglinton west of Yonge in Midtown Toronto were integrated into a single plan, the proposed two-tower complex at 50 through 90 Eglinton Avenue West has been submitted for Site Plan Approval (SPA) to City staff. The proposal from developer Madison Group has advanced to this stage of […]
Maziar Moini, Broker of Record - Home Leader Realty Inc.
300 Richmond St. W., #300, Toronto, ON M5V-1X2
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