The Bank of Canada for some time has been suggesting higher and higher interest rates are coming soon — until this week. Economists are noting the central bank took on a dovish (read: less aggressive) tone at its March 6th policy meeting when it announced the overnight rate was being held at 1.75 percent. “The […]

Urban Toronto reports on a new proposal submitted to the City at the end of February seeking rezoning and an Official Plan Amendment to permit an 8-storey development on Bayview Ave. south of Balliol St. The proposal by Gairloch Developments calls for the replacement of four existing buildings including two brick semi-detached homes numbered from […]

MARKET SUMMARY With the first two months of 2019 behind us, there was no shortage of events fueling political and economic uncertainty in Canadian markets. From Jody Wilson-Raybould’s recent response to allegations that she was pressured by the Prime Minister’s Office to intervene in criminal proceeding against SNC-Lavalin to the ongoing extradition case of Huawei’s […]

Sam Kolias, chairman and chief executive officer of Boardwalk REIT, said Brampton is an ideal centre for a purpose-built rental project. “We strive to create value in all parts of the cycle in multi-family communities,” Kolias told RENX, noting the GTA is in an “under-supplied, supply-constrained part of the cycle. “New supply is really needed […]

An encouraging pickup in home sales in Toronto last month paled in comparison to massive increases observed elsewhere in southern Ontario and the rest of the province. As Toronto home sales increased a steady 3.7 percent in January compared to the previous month, a number of other Ontario markets saw activity surge in the double […]

Two senior Waterfront Toronto members will be grilled in Ottawa on Thursday over concerns about whether the controversial Sidewalk Labs smart city project is really what Toronto needs. Meg Davis, chief development officer for Waterfront Toronto, and Kristina Verner, vice- president of innovation, sustainability and prosperity, have been invited to appear before the standing committee […]

A new survey suggests more and more Torontonians are considering buying a home at a time when a flurry of factors, including rising interest rates and tougher mortgage rules, are creating higher hurdles to ownership. Some 29 percent of respondents to a recent Ipsos survey say they are likely to buy a home in the […]

Home prices in Surrey, BC have been rising fast over the past five years and the pace of growth has been second only to Detroit according to a new report on North American home prices. Point2 Homes says that prices in the city have been boosted by population growth and between 2013 and 2018 prices […]

Shannon Stach and her fiancé recently put an offer in on a great Toronto home, one they could envision settling down and raising a family in. They lost the bid by a mere $2,500. “We were shocked,” she says. “That was our first time in this process of putting an offer down.” With almost 30 […]

The Canadian housing market had a rough year in 2018: sales dropped by 11 percent while the 4.1 percent decline in average price was the worst performance seen since 1995. But it didn’t have to be that way, suggests the Canadian Real Estate Association (CREA’s) top economist. If federal policymakers hadn’t gotten involved by introducing […]