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August 18, 2022/by Mahyar Rezapour

Latest News

Bank of Canada announces another big rate hikeSeptember 7, 2022 - 2:27 pm
The Bank of Canada has increased its benchmark rate by 0.75%, marking a fifth consecutive hike in its latest effort to get surging price growth under control. The central bank’s move is its first three-quarter-basis-point jump of 2022, bringing its trendsetting policy rate to 3.25% – a full three percentage points above the rock-bottom level […]
More GTA homebuyers turning to private lenders. Here’s what you need to knowSeptember 2, 2022 - 6:57 pm
With a housing market that’s pricing out many in the Greater Toronto Area and stricter mortgage rules in Canada, private lending is becoming more popular among those looking to secure loans to buy a home — but experts warn there are risks involved. The value and number of mortgages funded by alternative and private lenders […]
Canada’s debt-to-GDP ratio vs other countriesJuly 30, 2022 - 9:25 pm
Is lack of supply still the biggest obstacle to housing affordability? This panel thinks so.June 23, 2022 - 7:51 pm
The topic of housing supply isn’t front and centre of the affordability discussion like it was just a few months ago. Despite housing affordability in the first quarter posting its worst decline “in a generation,” according to recent data from National Bank of Canada, the public’s focus is now squarely on inflation, rising interest rates […]
Canada’s Office Construction Slips As Cost to Build Rises: ReportJune 23, 2022 - 7:07 pm
The construction of office space is declining in Canada amidst runaway inflation increasing construction costs. A new report from Colliers Canada has found that although the number of under-construction offices is still very robust, with more than 15.7M sq. ft being built, that number is down from its earlier peak. The office space that is […]
Over 22M housing units needed by 2030 to solve affordability crisis: CMHCJune 23, 2022 - 7:04 pm
A new report from the Canada Mortgage and Housing Corp. says the country’s housing stock would need to climb to over 22 million units by 2030 to achieve affordability for everyone living in Canada. The housing agency notes that two-thirds of the supply gap is found in Ontario and British Columbia, two markets that have […]
Developers could cancel approximately 5,000 new condo units as construction prices rise, industry observer saysJune 23, 2022 - 6:52 pm
Developers could cancel the construction of approximately 5,000 new condominium units in Toronto in response to rising material and labour costs, an analysis conducted by the real estate research firm Urbanation has found. Urbanation President Shaun Hildebrand shared the results of the analysis with CP24 on Tuesday. He said building costs that are up approximately […]

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