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.

Home prices jump 40 per cent in Vancouver — but no one is building
Toronto is also struggling with housing supply: The number of low-rise homes built last year in Canada’s financial hub was the lowest since 1995. The city is encircled by a green belt of almost 2 million acres that’s under permanent protection, and has experienced a price run-up similar ...

Continue Reading →
0

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.

Foreign ownership of condos down in big cities: CMHC
A report by CMHC says foreign ownership of condominiums in some of Canada’s largest cities has moved lower compared with last year. Foreign ownership was the highest in Vancouver and Toronto at 2.2 per cent and 2.3 per cent, respectively. However, that was down from 3.5 per cent in Vancouver and 3.3 per ...

Continue Reading →
0

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.

NIMBYs Should Say ‘Yes’ To Development In Their Backyard
Here are five reasons why NIMBYism is bad for business, your own property investments and the local economy as a whole.

Suburbs on Track: Touring Transit-Oriented GTHA Development
Throughout the next 15 years, the province of Ontario will invest more than $32 billion into building light rail transit (LRT), subways, regional transit, ...

Continue Reading →
0

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.

Gen X bigger purchaser of cottages than Baby Boomers: Royal LePage report
The typical cottage buyer is a couple with children, most likely in the Generation X demographic, which the report defines as those aged 36 to 51.

Good times for investors to continue
The Canadian economy has recovered somewhat from 2015, but not enough to warrant a hike to the ...

Continue Reading →
0

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.

Ontario property values jump nearly 50% on Toronto’s surging market
Across Ontario, property values increased 18 per cent between 2012 and this year, or 4.5 per cent a year on average, according to the latest assessment data released by Municipal Property Assessment Corp., which conducts assessments on more than five million residential properties in the province once every four years. The values ...

Continue Reading →
0

Real Estate in the News

Posted by:

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

Lower interest rates may be the new normal, Stephen Poloz says
Among the reasons, Poloz pointed to the more-pessimistic outlook for potential long-term global growth. The forecast was lowered to 3.2 per cent from four per cent, he said. “That downgrade means the neutral rate of interest will be lower for sure — for a very long time,” said Poloz, who added it could ...

Continue Reading →
0

Real Estate in the News

Posted by:

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

Two-thirds of millennials expect to afford a Toronto-area home, study suggests
About two-thirds of millennials in the Toronto area expect to own their own home, according to a survey by Pollara for Bank of Montreal being released Wednesday. That’s despite a higher average purchase price of $465,000 in Toronto, compared to the $350,000 national average.

Home sales break March record
“Greater Vancouver and ...

Continue Reading →
0

Real Estate in the News

Posted by:

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

Five things to know about new mortgage rules that came into effect Monday
Homebuyers now have to put at least a down payment of 10 per cent on the portion of the price of a home over $500,000. For anyone buying a home for $700,000 — a common list price in Vancouver and Toronto — that means the minimum down payment will rise to ...

Continue Reading →
0

Real Estate in the News

Posted by:

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

Toronto Real Estate Board predicts homes sales to soar in 2016
TREB estimates its member realtors will sell between 96,500 and 105,000 residential properties this year – either just above or just below last year’s record high of 101,229 transactions. You can read TREBs 2015 Market Year in Review & Outlook Report here (PDF).

December home data comes in
National home ...

Continue Reading →
0

Real Estate in the News

Posted by:

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

The homes now dominating top-tier markets
$4 million-plus properties are in such high demand in Vancouver and the Greater Toronto Area (GTA), they now represent the fastest growing sector in both cities’ housing markets.

Analysts: Chain reaction of increases in bank-funded mortgage rates possible
Experts said that the mortgage rate hikes effective this week, spurred in part by a beleaguered economy and a ...

Continue Reading →
0
Page 1 of 3 123