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.

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 ...

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.

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 ...

Continue Reading →
0

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.

Realtors warn land transfer tax could double across Ontario
The Ontario Real Estate Association, in a release Tuesday, warned homebuyers that the province is moving ahead with a plan to allow all other municipalities to levy a land transfer tax.

Toronto experiencing a traditional fall market – with some unusual bumps
Houses are ...

Continue Reading →
0

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. ...

Continue Reading →
0

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 ...

Continue Reading →
0

Real Estate in the News

Posted by:

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

Housing affordability declines in Toronto, Vancouver in Q1: report
Rapid price growth in Toronto and Vancouver continues to affect the affordability of housing in those two markets, a recent report by RBC Economics states. The bank also predicts that interest rate hikes by the Bank of Canada will are likely to continue to erode housing affordability next year.

Vancouver inventory squeeze finds buyers panicked, sellers anxious
Continue Reading →

0

Real Estate in the News

Posted by:

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

Bank of Canada stands pat, keeps interest rate at 0.75%
Interest rates remain at 0.75% with a possible change based on the loonie’s performance in the coming months.

Vancouver real estate prices pushing millennials to leave city: report
With ever rising home prices will we see vancouverites fleeing their fair city? And is Toronto also seeing this race to the suburbs? Also read “In Toronto, ...

Continue Reading →
0

Real Estate in the News

Posted by:

Our weekly wrap-up of the real estate news stories that are important to you.

When are my taxes due? – remonline.com
Tax season has started. Do you know the tax filing due dates as a self-employed real estate professional?

Why the Bank of Canada rate cut may not bring down mortgage costs – theglobeandmail.com
The sudden and unexpected rate cut this week by the Bank of Canada may not translate to lower mortgage costs. We ...

Continue Reading →
0

Real Estate in the News

Posted by:

Our weekly wrap-up of the real estate news stories that are important to you.

Mobile payments coming to real estate, home deposits – globalnews.ca
Mobile payments for home purchase deposits are going to be available starting in February with Royal LePage Atlantic as a test and, if successful, will roll out to brokerages across Canada later in the spring. The service is provided by ExactDeposit with funds being transferred by credit card via their app ...

Continue Reading →
0