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.

Canadian housing market poised to break all-time annual sales record even as BC cools
Although RBC has just downwardly revised its resale housing market forecast, now calling for 531,600 units to change hands in 2016 (previously it expected 545,800 sales) that’s still enough to surpass the current banner year of 2007, when 519,800 units were sold.

Canadian banks could weather a ...

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Real Estate in the News

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Average home prices to fall in 3 oil-producing provinces next year: CREA
Canada’s national average house price is expected to edge higher by 1.4 per cent in 2016, to $448,700 — with Ontario leading the other regions with an increase of 2.9 per cent. Also read “The housing bubble has already popped in some parts of Canada“.

Led by Toronto, home ...

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Real Estate in the News

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

GTA Realtors® Release Monthly Resale Housing Figures
Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 7,385 home sales through TREB’s MLS® System in November 2015 – up by 14 per cent compared to November 2014. This result also represented the best result on record for the month of November. Sales through the first eleven months of ...

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Real Estate in the News

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

Canadian home sales rebound in October
The number of homes trading hands via MLS® Systems of Canadian real estate Boards and Associations rose by 1.8 percent in October 2015 compared to September. Also read “Home resales hit second-best October in nearly six years“.

Booming markets won’t collapse under their own weight – economist
“No housing recession in Canada or elsewhere has ...

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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.

Toronto real estate board stifling innovation, competition, lawyer tells tribunal
This week the trial continued between the Competition Bureau and the Toronto Real Estate Board. John Rook, a lawyer representing the bureau, says the real estate board is standing between consumers and the data because it fears competition from online startups could spark a price ...

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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

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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.

Economists welcome Harper promise to collect foreign real estate investment data
A better understanding of international investors and where they are buying in Canada is called “very positive” but no one is uncertain what the data will be used for, if ownership rules will be brought in place. Also read “Foreign buyers snatch ...

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Real Estate in the News

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

Economists split over Canada’s overvalued housing market
“Soft landing” or a “bubble ready to burst” economists are divided over the state of the Canadian housing market.

Ontario’s 2015 Budget
How Realtors in Ontario may benefit from this years provincial budget.

Mortgage financing from the Bank of Mom and Dad – good for the kids, bad for the market?
With rising house prices many first-time buyers are getting ...

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Real Estate in the News

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Our weekly wrapup of the important real estate news stories we’re following.

Canada’s housing market hits Wile E. Coyote moment: Yale lecturer – globalnews.ca
Vikram Mansharamani joins the international chorus of doom-sayers telling us that the Canadian housing market is in a bubble from a decade long credit binge and have created one of the most vulnerable economies in the world as a result. Also read “Now and then: Do Canadian homes really cost that ...

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Real Estate in the News

Posted by:

Our weekly wrapup of the important real estate news stories we’re following.

Bank of Montreal lowers interest rate on 5-year fixed mortgage to record low 2.79% – cbc.ca
Spring is in the air and with the busy home sales season ahead of us the Bank of Montreal has lobbed the first volley in the mortgage rate wars. We expect more banks to follow suit in the next few days. Also read “Spring mortgage market kicks ...

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