Real Estate in the News

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Why homebuyers need you more than ever
Survey results point to a large portion of the population who will benefit from the services of a licensed real estate agent, especially when it comes to trying to find a hidden gem in an expensive neighbourhood.

Privacy and Competition with the TREB Hearings: Opinion
This case is a mess. It comes down to government intervention in a business that for all intents and purposes was running as well as any other industry before somehow, somebody talked some government representatives into getting involved in a business they knew nothing about and still know nothing about.

Supply Dynamics are Impacting GTA Home Prices and Shaping Market
Demand for home ownership remains strong in the GTA, and dynamics around housing supply are impacting prices and redefining the market, said the Building Industry and Land Development Association (BILD) and the Toronto Real Estate Board (TREB) at their first ever joint briefing on the state of the GTA housing market.

Why Are Canadian Mortgage Rates Rising?
Over the past couple of months these rounds of follow-the-leader rate changes have shrunk average five-year variable-rate discounts from prime minus 0.60% to prime minus 0.40% and increased average five-year fixed rates from 2.59% to 2.79%. Also read “Mortgage rates inch higher from record summer lows“.

Get involved, urges CREA president Pauline Aunger
Pauline Aunger loves being president of the Canadian Real Estate Association. She thinks more Realtors should get involved with organized real estate. Why?

The shrinking household: 3 ways Canadian society has changed over the past century
In the 1940s there were 2.6 million households in Canada with an average of 4.3 people per home. According to Statistics Canada, almost 40 per cent of households at the time were classified as large, with five people or more. By 2011, the number of households in Canada had increased to 13.3 million, while the average size had dropped to 2.5 people per household.

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