Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

Canadians amass $200 billion in wealth from residential real estate in a single year
“Rising home prices have generated $200 billion in new household wealth over the past year alone,” writes Adrienne Warren, a Scotiabank senior economist, in the latest weekly Global Real Estate Trends report.

Toronto condo builders have taken conservative path to adding supply: CMHC
CMHC said that ...

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Real Estate in the News

Posted by:

This week’s top real estate news in Ontario and how your real estate business could be affected.

Average Canadian house price rose 13% to record $509,460 in May
The strong gains are largely tied to hot markets in Ontario and British Columbia, according to the numbers released Wednesday by the Canadian Real Estate Association. Stripping those two markets out of the calculations, the average price of a house sold in May declined 0.7 per cent in the past 12 ...

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Real Estate in the News

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Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

Canadian Real Estate Association says September home sales down from August
The Canadian Real Estate Association said Thursday that home sales in September through its Multiple Listing Service were down 2.1 per cent compared with August. Also read “Home prices continue to grow“.

House prices in some GTA suburbs rising more ...

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Real Estate in the News

Posted by:

Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

Bank of Canada keeps benchmark rate at 0.5%
Economists had been expecting the bank to keep its trend-setting target for the overnight rate where it is now. A few believe, however, that another cut might be possible later in the year unless the economic picture improves.

Three words to sum up Canada’s economy: ‘Best. ...

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Real Estate in the News

Posted by:

Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

Toronto’s residential land prices reach new highs: ‘More condominiums coming’
Residential land prices increase with the emphasis on higher-density condo projects coming to market.

5 reasons why the market meltdown matters to all Canadians
The recent pull-back of stock markets around the globe could signify any number of future trends. here’s a primer on ...

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Real Estate in the News

Posted by:

Real estate news stories that we’ve been following this week.

Risks To Canada’s Economy Are On The Rise, Bank Of Canada Warns
House price growth continues to outpace income growth and that could be the fuse that leads to a house pricing correction says the Bank of Canada, but we are on a better economic footing to absorb economic shocks. Also read “Should Stephen Poloz be more worried about the Canadian economy?

Toronto condo construction heating ...

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