The Latest information in Pre-Construction Condos
Toronto new home sales surge 211% in February: Altus
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…
GTA's single-family home sales had an explosive annual increase
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…
February Sees its Highest Number of New Home Sales Since 2002
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…
Taking Stock of the GTA Condo Market in the Time of Coronavirus
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…
CLARK: A message to Ontario renters and landlords
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…
Reeling from COVID-19's economic impact, residential tenants, landlords face dilemma as rent comes due April 1
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…
Bank of Canada cuts rate for third time to 0.25% in bid to shield economy from coronavirus fallout
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…
CMHC to take more mortgages off banks' books to free up cash for loans amid COVID-19 crisis
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…
How will COVID-19 impact the real estate market in Canada?
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…
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