Rock-bottom mortgage rates have been a major driver of red-hot home buying activity across Canada since the country emerged from the widespread lockdowns of spring 2020. Those rates are likely to stay near all-time lows for the first half of 2021 but an economist with Capital Economics predicts they will begin climbing later in the […]
By comparison, new listings dropped nationally by 2.9% y-o-y, with just 52,342 properties being added to the market last month. As such, the overall housing market was highly competitive for home buyers in January, as indicated by the sales-to-new-listings ratio (SNLR) of 70%. The SNLR is a measure of marketing competition during a defined […]
Canadian households saw net-worth make big gains over the past few decades. Using Statistics Canada (Stat Can) data from the recently released Survey of Financial Security (SFS), we can see how net-worth evolved for each age group from 1999 to 2019. Generally speaking, net-worth soared for most demographics. However, there are some notable exceptions, like […]
TREB) is unveiling its must-read Market Year in Review & Outlook 2021 Report and eagerly awaited digital digest containing TRREB’s annual market outlook, up-to-date Ipsos consumer polling results, the most recent Altus new home and commercial statistics, rental market trends, research on innovative approaches to bring on more housing supply and mortgage […]
The appetite for homeownership in Canada has been strong to start the year thanks in large part to low interest rates, according to nesto, an online mortgage brokerage. A report from the firm showed that 60% of the brokerage’s users intended to purchase a new home last month, increasing from 48% in January 2020, but […]
If you’ve been following the housing market (in most cities) over the last year, this chart likely won’t surprise you. It is from a recent City Observatory article by Joe Cortright talking about the “k-shaped housing market” that we have seen emerge over the last year. The above is for the US, but I would […]
Smaller apartments with big appeal for investors helped the 905 areas outside the city dominate the Toronto region’s 2020 condo market in a trend that is expected to continue in 2021, said Shaun Hildebrand, president of market research firm Urbanation. Last year was the first time that 905-area condos eclipsed pre-construction sales in the City […]
Yonge and Sheppard may be situated toward Toronto’s outskirts, but the location is an excellent spot to invest in Condo. King West can be referred to as a hip and trendy area. CityPlace is situated West of Bathurst Street and accommodates a home landing park. Investing in Toronto real estate industry is one of the […]
Hong Kong has stated that residents are not entitled to consular protection unless they declare a change of nationality. Then they are no longer regarded as Chinese citizens Ottawa is growing increasingly concerned about the rights of 300,000 Canadian citizens in Hong Kong, after the territory’s government declared that dual citizens must choose the nationality […]
After years of a booming Greater Toronto Area (GTA) housing market, 2020 marked the first real obstacle for the real estate business since the late 2000s recession. COVID-19 brought on unprecedented challenges that saw staggering declines in market activity starting in the second quarter of the year. Despite all of the hurdles encountered last year, […]
What is the purpose of the Condo Guide? Ontario’s Residential Condominium Buyers’ Guide (Condo Guide) was developed by the Condominium Authority of Ontario (CAO) in collaboration with the Ministry of Government and Consumer Services (MGCS) and approved by the Minister as a helpful resource for the buyers of residential pre-construction/new condo units. You can read […]
A partnership is about values, what you want to achieve and why. Simply put, Mizrahi Developments came about with a vision of several goals to change expectations in the industry. Firstly, it was a desire to enhance the changing streetscapes of Toronto with carefully articulated, mid-to-high-rise buildings that give those who work and live in […]
in finance – investing, we need to think *exponentially*, not *linearly*. Money compounds. Growth doesn’t happen at a constant pace; it *accelerates* over time. Most of us are not programmed to intuitively “get” compounding — over the long run. It’s about the importance of thinking exponentially, as opposed to linearly, when it comes to finance […]
While there’s no doubt that downtown condos were left in the dust when suburban single-family home sales and prices took off during Canada’s economic recovery, the chances that urban high-rises will see a significant price drop over the next year is unlikely. In his response to November housing market data published this month by the […]
another year has come and nearly gone, and one thing that we’ve learned this year is the resilience of Ontario’s real estate markets, as they’ve managed to stay hot despite the latest pandemic restrictions rolled out by the provincial government to slow the spread of COVID-19. In fact, last month, there was a notable annual […]
With a steady stream of positive developments announced in the last month, it’s beginning to look like widespread deployment of one or multiple COVID-19 vaccines will pave the way back to normalcy for Canada’s housing market next year. Health Canada is expected to approve the use of the Pfizer vaccine in a matter of days. […]
This year, no one culd predict what would lie ahead for the housing market during the novel Coronavirus pandemic that spread across the globe like wildfire. For many, Canadians lost their jobs and were trying to live off government-assisted programs while trying to juggle their bills, but for others, they were presented with a great […]
Home building activity across Ontario picked up in October, driven by significant growth in low-rise home construction. Housing starts for single-detached homes and semi-detached homes rose 14.2 percent and 29.4 percent, respectively, last month, according to data published by the Canada Mortgage and Housing Corporation (CMHC). Housing starts measure how many homes began construction during […]
It appears Toronto has been dethroned as the most expensive city in the country for average monthly rents for a one-bedroom after North York surpassed Canada’s largest city in October. On Friday, Rentals.ca and Bullpen Research & Consulting released their latest National Rent Report, which revealed that year-over-year, the average rent for all property types […]
Detached homes have been rightfully stealing the headlines with remarkable sales volume and sky-high price growth, but there are still some areas in the Toronto region that are seeing better than average condo price increases. While they, for the most part, don’t scale the heights of their detached home counterparts, condos in six Toronto suburbs […]
Maziar Moini, Broker of Record - Home Leader Realty Inc.
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