GTA market correction has ended says RE/MAX

The impact of the mortgage stress test is easing and the Greater Toronto Area’s housing market is showing growth – signalling the end of the market correction. That’s the assessment from RE/MAX INTEGRA, Ontario-Atlantic Canada Region which says that demand for single-family homes is on the upswing and average prices are starting to rebound. “The […]

BIG’s King Street West Condo Community Approved for Development in Toronto

Biarke Ingels Group has received approval for their King Street West condo community in Toronto. Originally proposed in 2016, the development was made as sets of pixels extruded upwards to create space for housing, retail and boutique offices. The concept was formed to avoid the footprints of heritage buildings that already exist on site. Alex […]

Canada among world’s four riskiest housing markets

Housing market dangers are “especially acute” in Australia, Hong Kong, Canada and Sweden, Oxford Economics said, noting this has historically posed a threat to economic activity. “In all four, valuations are very elevated, there has been a lengthy housing boom, debt levels are high and there is a significant share of floating rate debt,” Adam […]

Major tech player confirms allure of Toronto real estate

Toronto is home to some of the world’s most innovative technology companies and now arguably the most famous name in tech has announced a major real estate investment in the city. Microsoft will base its Canadian operations in a new state-of-the-art headquarters in 132,000 square feet over four floors of 81 Bay Street, CIBC Square, […]

Ontario suffers worst employment cut nationwide in August

Last month, the Ontario labor market experienced the worst setback nationwide in terms of employment numbers, losing 80,100 part-time jobs. This was the province’s largest employment drop since 2009, contributing to fears of even lowered purchasing power in a market already characterized by inflamed prices. The loss largely contributed to the unexpected loss of 92,000 […]

Canada’s commercial real estate investment sets new record

Investment in Canadian commercial real estate has reached a new record high, beating the previous record set in Q1 2017. Q2 2018 saw $16.5 billion of CRE transactions, 38% above the previous high of $11.97 billion and 105% above the 5-year quarterly average. The half-year total is also a new record high at $26.8 billion. […]

Using the sandwich lease for real estate investing

This isn’t a recipe for a lunch sandwich; it’s the recipe for rental property investing with little or no cash of your own. There is plenty of pie-in-the-sky noise out there about getting rich quick investing in real estate. This is a realistic article about one way to invest with little or no money of […]

PRE-CONSTRUCTION VS RESALE TORONTO CONDOS

The Toronto real estate market is always in flux and, as an investor you should be ready to switch up your strategy to maximize your dollars and of course, your ROI. The real estate market is always in flux and this can make investing exciting but it can also make it extremely difficult for investors. […]

RBC reports Q3 profits

TORONTO _ Royal Bank of Canada set the tone for the latest round of big bank earnings with a dividend hike and profits and revenues in the latest quarter, helped by higher interest rates and mortgage growth. Canada’s biggest bank by market capitalization delivered a record $3.1 billion in net income for its fiscal third […]

Supreme Court hands down ruling in TREB v Competition Bureau

The Supreme Court of Canada has refused to hear an appeal from the Toronto Real Estate Board that would have prevented the numbers from being posted on password-protected webpages. Greater Toronto Area realtors can now publish home sales data on their websites after the top court ruled against the real estate board, a case that […]

Innovative mortgage product promises to stabilize cash flow

Investing in real estate can be tricky in a rising rate environment, but interest-only mortgages with term are helping stabilize cash flow. “It’s the most innovative product that has come through the mortgage market for the last seven years,” said Jacques du Preez, principal broker and owner of Mortgage Allies. “Because of the new rental […]

Good news for Toronto landlords, bad news for renters

A new report from reveals that, in the one-bedroom category, Toronto rents have surpassed Vancouver’s, but the latter’s two-bedroom units are still Canada’s most expensive. “Toronto has been a hot market,” said Matt Danison,  “The prices keep going up and up and up. Toronto and Vancouver are always battling for the top rents in the country; it’s […]

These are Toronto’s most appreciated and depreciated neighbourhoods

The Fair Housing Plan and B-20 have conspired to put downward pressure on valuations throughout Toronto, however, some neighbourhoods have been impervious. The six steepest year-over-year drops between July 2017 and this year are Don Mills, Parkwoods-Donalda and Victoria Village, where prices depreciated 19%. Bridle Path-Sunnybrook-York Mills and St. Andrew-Windfields saw an 18% decline, as […]

Canadian housing market is bouncing back says TD Economics

Things are starting to improve in Canada’s housing markets according to a report from TD Economics. Deputy chief economist Derek Burleton and economist Rishi Sondhi say that recent data has confirmed TD’s view that there would be some traction gained after initial sharp impact to tighter lending restrictions at the start of the year. “Past […]

Existing home sales slip south of the border

A combination of factors continue to impact affordability of homes in the US and sales are suffering. With prices rising due to low inventory, cost of materials for new homes and renovations, and increasing mortgage rates, affordability is a key barrier to first-time buyers and those wishing to trade up. Existing home sales in July […]

Interest rates, mortgage rules leading to Ontario slowdown

Ontario’s medium-sized cities are heading for a slowdown according to the latest assessment from the Conference Board of Canada, with home financing among the key reasons. It says that apart from Greater Sudbury and St. Catharines-Niagara there will be moderation in the economic growth of the province’s medium-sized cities. The 16-city report shows that Oshawa […]

RBC posts record net income, setting tone for Big Six

The big banks are reporting their quarterly earnings and the season has started well with record net income for Royal Bank of Canada. RBC reported record net income of $3,109 million for the third quarter ended July 31, 2018, up $313 million or 11% from the prior year with double-digit diluted EPS(1) growth of 14%. […]

Slower sales, steady prices for GTA new builds

Sales of newly built homes continued to fall in July as condo sales slumped and single-family sales remained subdued despite a jump. A report from the Building Industry and Land Development Association (BILD) shows that combined sales were down 44% year-over-year and were 55% below the 10-year average. Data from the Altus Group reveals sales […]

Seven Signs Your Local Real Estate Marketing Is Starting To Heat Up

Understanding what a real-estate market is trending toward is vital, as it can help sellers establish what price they want to aim for, while buyers can better determine exactly how much they should spend on a property, especially if the market is looking to be getting hot. So what kinds of signs should you look for, […]