Two of the Toronto region’s foremost authorities on the housing market are readying updates to their 2020 forecasts as the COVID-19 pandemic casts a long shadow on home buying activity and early impacts on purchaser behaviour are becoming increasingly apparent. Altus Group, which tracks sales, pricing and construction in Toronto’s new home market, had projected […]

While the COVID-19 outbreak is expected to slow spring homebuying activity, many real estate professionals are hopeful that the market will rebound later in the year. The majority of respondents to a survey by the National Association of Realtors said they believed that buyers and sellers would return to the market as delayed transactions after […]

Two months ago, Toronto real estate agents and mortgage brokers were expecting a red-hot market, predicting that home sales and prices would surge back to 2017 heights. Then the COVID-19 pandemic hit, leading to closures, layoffs and an economic downturn – and making two months feel more like two years ago. “It’s like throwing sand […]

In a bleak world, Canadians are luckier than most, according to a snapshot of global statistics released this week by the website Worldometer. The stats show that, so far, Canada has fared comparatively well throughout this pandemic, thanks to the fact that the country is organized, its people are disciplined and its health-care system is […]

The overall picture for home sales activity through the Toronto Regional Real Estate Board (TRREB) in March shows a strong year-over-year sales increase of 12.3 per cent with 8,012 homes changing fingers compared to 7,132 sales the year prior. compare to March 2019 New listings across the region increased just three percent to 14,424 and […]

Ontario has announced that MPAC assessments have been postponed until 2021. If you’re unfamiliar, MPAC, or the Municipal Property Assessment Corporation, is the non-profit responsible for assessing the value of homes throughout Ontario. They then communicate their values to the local governments so that each municipality can determine the amount of property tax that is […]

Toronto-Dominion Bank’s CEO has expressed confidence that the domestic financial system and household purchasing power will regain valuable lost ground once the coronavirus threat recedes. Speaking to BNN Bloomberg earlier this week, Bharat Masrani stated that the rate of recovery in the post-outbreak environment will heavily depend on how fast things get back to normal. […]

Aside from replenishing the national inventory, building new homes might also play a vital role in bringing the US economy back to health once the COVID-19 outbreak is contained. The National Association of Home Builders reported that building 1,000 average single-family homes creates 2,900 full-time jobs and generates approximately $110 million in taxes and fees, […]

Speaking from Queen’s Park on Friday afternoon, Ontario Premier Doug Ford announced a halt to all residential construction in the province. As of 11:59 p.m. on April 4, the only projects allowed to continue will be those single-family, semi-detached and townhouse properties which have secured either footing or above-grade structural permits. Renovations to residential properties […]